Company Registration No. 12694655 (England and Wales)
AGL Fence Contractors LTD
Unaudited accounts
for the year ended 31 March 2023
AGL Fence Contractors LTD
Unaudited accounts
Contents
AGL Fence Contractors LTD
Company Information
for the year ended 31 March 2023
Directors
Serafin, Grzegorz
Sobolewski, Adrian
Company Number
12694655 (England and Wales)
Registered Office
46 Windermere Avenue
Basingstoke
RG22 5JQ
United Kingdom
Accountants
Pro-AccX
58 Applegarth Avenue
Guildford
Surrey
GU2 8LY
AGL Fence Contractors LTD
Statement of financial position
as at 31 March 2023
Tangible assets
5,508
7,906
Cash at bank and in hand
1,955
2,775
Creditors: amounts falling due within one year
(41,635)
(34,928)
Net current assets
33,960
15,403
Total assets less current liabilities
39,468
23,309
Creditors: amounts falling due after more than one year
(9,584)
(14,583)
Called up share capital
100
100
Profit and loss account
29,784
8,626
Shareholders' funds
29,884
8,726
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by
Serafin, Grzegorz
Director
Company Registration No. 12694655
AGL Fence Contractors LTD
Notes to the Accounts
for the year ended 31 March 2023
AGL Fence Contractors LTD is a private company, limited by shares, registered in England and Wales, registration number 12694655. The registered office is 46 Windermere Avenue, Basingstoke, RG22 5JQ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & machinery
25% straight line basis
Motor vehicles
25% straight line basis
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
The company only has basic financial instruments measured at amortised costs, with no financial instruments classified as other or basic instruments measured at fair value.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
AGL Fence Contractors LTD
Notes to the Accounts
for the year ended 31 March 2023
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never
taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
11,500
11,500
At 31 March 2023
532
11,500
12,032
At 1 April 2022
-
3,594
3,594
Charge for the year
55
2,875
2,930
At 31 March 2023
55
6,469
6,524
At 31 March 2023
477
5,031
5,508
At 31 March 2022
-
7,906
7,906
Amounts falling due within one year
Trade debtors
48,491
5,234
Other debtors
25,149
42,322
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,000
5,000
Trade creditors
11,000
11,692
Taxes and social security
21,085
10,293
Other creditors
4,550
7,943
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Creditors: amounts falling due after more than one year
2023
2022
AGL Fence Contractors LTD
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,571
3,599
Later than one year and not later than five years
43,576
18,270
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Transactions with related parties
As at the year end included in other creditors is an amount of £1,810 (2022: £7,833) owed to the company directors.
Dividends totalling £65,400 (2022: £34,400 ) were paid in the year in respect of shares held by the company's directors.
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Average number of employees
During the year the average number of employees was 6 (2022: 3).