Salesagility Limited - Accounts to registrar (filleted) - small 18.2

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Salesagility Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Soper

Mrs E A Logan

SECRETARY:

REGISTERED OFFICE:

The Steeple

King Street

Stirling

FK8 1DT

REGISTERED NUMBER:

SC364788 (Scotland)

ACCOUNTANTS:

D & A Pearston Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

4

9,399

10,907

CURRENT ASSETS

Stocks

141,541

67,710

Debtors

5

214,720

298,387

Cash at bank and in hand

123,540

451,460

479,801

817,557

CREDITORS

Amounts falling due within one year

6

(5,711

)

23,348

NET CURRENT ASSETS

485,512

794,209

TOTAL ASSETS LESS CURRENT LIABILITIES

494,911

805,116

CREDITORS

Amounts falling due after more than one year

7

170,833

220,838

NET ASSETS

324,078

584,278

CAPITAL AND RESERVES

Called up share capital

8

125

125

Share premium

9

139,199

139,199

Retained earnings

9

184,754

444,954

SHAREHOLDERS' FUNDS

324,078

584,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2022 and were signed on its behalf by:

G Soper - Director

1.	STATUTORY INFORMATION

Salesagility Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Hosting and support agreements which may run for up to 12 months are recognized in the month in which they are invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2020 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2021

47,225

Additions

1,622

At 31 December 2021

48,847

DEPRECIATION

At 1 January 2021

36,318

Charge for year

3,130

At 31 December 2021

39,448

NET BOOK VALUE

At 31 December 2021

9,399

At 31 December 2020

10,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

201,817

294,160

Other debtors

12,903

4,227

214,720

298,387

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans and overdrafts

50,000

29,308

Trade creditors

41,040

17,635

Taxation and social security

(134,226

)

(55,443

)

Other creditors

37,475

31,848

(5,711

)

23,348

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.21

31.12.20

£

£

Bank loans

170,833

220,838

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.21

31.12.20

value:

£

£

1,250,000

Ordinary shares

£0.0001

125

125

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2021

444,954

139,199

584,153

Deficit for the year

(89,997

)

(89,997

)

Dividends

(170,203

)

(170,203

)

At 31 December 2021

184,754

139,199

323,953

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Soper.

11.	EMPLOYEE SHARE SCHEMES