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REGISTERED NUMBER: 12070712 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AGLC LTD

AGLC LTD (REGISTERED NUMBER: 12070712)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGLC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P L Alston
S P Graham





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
United Kingdom
Lancashire
PR1 6AS





REGISTERED NUMBER: 12070712 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

AGLC LTD (REGISTERED NUMBER: 12070712)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 138,216 76,487
Tangible assets 5 79,299 37,233
217,515 113,720

CURRENT ASSETS
Stocks 6 10,500 6,500
Debtors 7 59,826 18,367
Cash at bank - 3
70,326 24,870
CREDITORS
Amounts falling due within one year 8 (169,307 ) (74,646 )
NET CURRENT LIABILITIES (98,981 ) (49,776 )
TOTAL ASSETS LESS CURRENT LIABILITIES 118,534 63,944

CREDITORS
Amounts falling due after more than
one year

9

(114,023

)

(59,075

)

PROVISIONS FOR LIABILITIES 10 (3,928 ) (4,500 )
NET ASSETS 583 369

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 483 269
SHAREHOLDERS' FUNDS 583 369

AGLC LTD (REGISTERED NUMBER: 12070712)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2023 and were signed on its behalf by:




P L Alston - Director



S P Graham - Director


AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

AGLC 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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisitions of businesses in 2019 and 2022, are being amortised evenly over an estimated useful life of twenty years.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 87,000
Additions 69,253
At 31 March 2023 156,253
AMORTISATION
At 1 April 2022 10,513
Charge for year 7,524
At 31 March 2023 18,037
NET BOOK VALUE
At 31 March 2023 138,216
At 31 March 2022 76,487

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 18,355 4,029 43,093 1,610 67,087
Additions 7,055 992 68,985 1,641 78,673
Disposals - - (26,494 ) - (26,494 )
At 31 March 2023 25,410 5,021 85,584 3,251 119,266
DEPRECIATION
At 1 April 2022 8,811 1,827 18,590 626 29,854
Charge for year 6,204 1,233 14,819 1,000 23,256
Eliminated on disposal - - (13,143 ) - (13,143 )
At 31 March 2023 15,015 3,060 20,266 1,626 39,967
NET BOOK VALUE
At 31 March 2023 10,395 1,961 65,318 1,625 79,299
At 31 March 2022 9,544 2,202 24,503 984 37,233

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 10,500 6,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 55,667 -
Other debtors 4,159 18,367
59,826 18,367

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 28,192 25,986
Hire purchase contracts and finance leases 14,803 6,830
Trade creditors 31,341 23,352
Taxation and social security 36,878 13,991
Other creditors 58,093 4,487
169,307 74,646

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 17,517 39,200
Hire purchase contracts and finance leases 52,323 19,875
Other creditors 44,183 -
114,023 59,075

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 3,928 4,500

Deferred
tax
£   
Balance at 1 April 2022 4,500
Credit to Statement of Income and Retained Earnings during
year

(572

)
Balance at 31 March 2023 3,928

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


12. RESERVES
Retained
earnings
£   

At 1 April 2022 269
Profit for the year 39,214
Dividends (39,000 )
At 31 March 2023 483