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REGISTERED NUMBER: 08214979 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

AGC TELECOMS LTD.

AGC TELECOMS LTD. (Registered number: 08214979)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGC TELECOMS LTD.

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr Akhtar Khan





SECRETARY: Mr Kamran Azad





REGISTERED OFFICE: Enterprise House Unit 5
Town Road
Luton
Bedfordshire
LU1 3EA





REGISTERED NUMBER: 08214979 (England and Wales)





ACCOUNTANT: FSL Accountancy
Unit 2, Regents Place
11 Hastings Street
Luton
Bedfordshire
LU1 5BE

AGC TELECOMS LTD. (Registered number: 08214979)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 785 1,047

CURRENT ASSETS
Stocks 12,731 13,312
Debtors 5 8,071 5,050
20,802 18,362
CREDITORS
Amounts falling due within one year 6 (41,703 ) (49,822 )
NET CURRENT LIABILITIES (20,901 ) (31,460 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,116

)

(30,413

)

CREDITORS
Amounts falling due after more than one
year

7

-

1,219
NET LIABILITIES (20,116 ) (29,194 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (20,117 ) (29,195 )
SHAREHOLDERS' FUNDS (20,116 ) (29,194 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AGC TELECOMS LTD. (Registered number: 08214979)

Balance Sheet - continued
31 December 2022


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 director and authorised for issue on 30 September 2023 and were signed by:





Mr Akhtar Khan - Director


AGC TELECOMS LTD. (Registered number: 08214979)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

AGC TELECOMS LTD. is a private company, limited by shares , registered in England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

AGC TELECOMS LTD. (Registered number: 08214979)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 4,028
DEPRECIATION
At 1 January 2022 2,981
Charge for year 262
At 31 December 2022 3,243
NET BOOK VALUE
At 31 December 2022 785
At 31 December 2021 1,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 8,071 3,550
Other debtors - 1,500
8,071 5,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 8,782 8,202
Trade creditors - 1
Taxation and social security 3,652 4,321
Other creditors 29,269 37,298
41,703 49,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts - (1,219 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Akhtar Khan.

Akhtar Khan controls the company by virtue of his shareholdings.

9. GOING CONCERN

The company will continue to receive financial assistance from her director, Mr Akhtar Khan.