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REGISTERED NUMBER: 00731979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

FOR

A.G. DOWN LIMITED

A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)






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


A.G. DOWN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J I Dunford
E J Dunford
Mrs K Hussey
J T Hussey
Miss J R Hussey
G T Hussey





SECRETARY:





REGISTERED OFFICE: 66 South Street,
Bridport
Dorset
DT6 3NN





REGISTERED NUMBER: 00731979 (England and Wales)





ACCOUNTANTS: Elson Geaves Accountants
Chartered Certified Accountants
Forest Links Road
Ferndown
Dorset
BH22 9PH

A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,744,792 1,490,986
Investments 6 90 90
1,744,882 1,491,076

CURRENT ASSETS
Stocks 8,312 7,821
Debtors 7 204,113 193,190
Cash at bank and in hand 238,670 255,374
451,095 456,385
CREDITORS
Amounts falling due within one year 8 200,651 238,060
NET CURRENT ASSETS 250,444 218,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,995,326

1,709,401

CREDITORS
Amounts falling due after more than one
year

9

(326,261

)

(301,956

)

PROVISIONS FOR LIABILITIES (69,946 ) (14,333 )
NET ASSETS 1,599,119 1,393,112

A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

BALANCE SHEET - continued
31 MARCH 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 6,200 6,200
Reserves 2 2
Retained earnings 1,592,917 1,386,910
1,599,119 1,393,112

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:




Mrs J I Dunford - Director E J Dunford - Director




Mrs K Hussey - Director J T Hussey - Director


A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

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

1. STATUTORY INFORMATION

A.G. Down Limited 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 amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

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.

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 26 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 232,712
AMORTISATION
At 1 April 2022
and 31 March 2023 232,712
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 1,183,923 1,067,268 2,251,191
Additions - 574,021 574,021
Disposals - (546,690 ) (546,690 )
At 31 March 2023 1,183,923 1,094,599 2,278,522
DEPRECIATION
At 1 April 2022 - 760,205 760,205
Charge for year - 180,832 180,832
Eliminated on disposal - (407,307 ) (407,307 )
At 31 March 2023 - 533,730 533,730
NET BOOK VALUE
At 31 March 2023 1,183,923 560,869 1,744,792
At 31 March 2022 1,183,923 307,063 1,490,986

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 90
NET BOOK VALUE
At 31 March 2023 90
At 31 March 2022 90

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 151,191 108,507
Other debtors 52,922 84,683
204,113 193,190

A.G. DOWN LIMITED (REGISTERED NUMBER: 00731979)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 51,648 17,248
Payments on account 25,670 24,853
Trade creditors 33,229 18,420
Taxation and social security 7,860 42,369
Other creditors 52,244 105,170
200,651 238,060

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 192,384 245,512
Hire purchase contracts 133,877 56,444
326,261 301,956