Salesagility Limited - Accounts to registrar (filleted) - small 23.2.5

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Salesagility Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Soper

Mrs E A Logan

J S B Dalton

SECRETARY:

REGISTERED OFFICE:

98 Woodlands Road

Charing Cross

Glasgow

G3 6HB

REGISTERED NUMBER:

SC364788 (Scotland)

ACCOUNTANTS:

LMC Accountants Ltd

Chartered Accountants

73 Stirling Business Centre

Wellgreen Place

Stirling

FK8 2DZ

FIXED ASSETS

Tangible assets

4

8,389

8,436

CURRENT ASSETS

Stocks

112,390

145,159

Debtors

5

97,315

213,513

Cash at bank and in hand

56,765

47,187

266,470

405,859

CREDITORS

Amounts falling due within one year

6

194,977

41,974

NET CURRENT ASSETS

71,493

363,885

TOTAL ASSETS LESS CURRENT LIABILITIES

79,882

372,321

CREDITORS

Amounts falling due after more than one year

7

70,833

120,833

NET ASSETS

9,049

251,488

CAPITAL AND RESERVES

Called up share capital

8

125

125

Share premium

9

139,199

139,199

Retained earnings

9

(130,275

)

112,164

SHAREHOLDERS' FUNDS

9,049

251,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 18 March 2024 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 23 (2022 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2023

50,697

Additions

2,749

At 31 December 2023

53,446

DEPRECIATION

At 1 January 2023

42,261

Charge for year

2,796

At 31 December 2023

45,057

NET BOOK VALUE

At 31 December 2023

8,389

At 31 December 2022

8,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade debtors

92,734

209,211

Other debtors

4,581

4,302

97,315

213,513

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

15,841

30,303

Taxation and social security

86,408

(82,410

)

Other creditors

42,728

44,081

194,977

41,974

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans

70,833

120,833

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.23

31.12.22

value:

£

£

1,250,000

Ordinary shares

£0.0001

125

125

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2023

112,164

139,199

251,363

Deficit for the year

(196,625

)

(196,625

)

Dividends

(45,814

)

(45,814

)

At 31 December 2023

(130,275

)

139,199

8,924

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Soper.

11.	EMPLOYEE SHARE SCHEMES