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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
Page
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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
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AGL Fence Contractors LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,508 
7,906 
Current assets
Debtors
73,640 
47,556 
Cash at bank and in hand
1,955 
2,775 
75,595 
50,331 
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)
Net assets
29,884 
8,726 
Capital and reserves
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
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AGL Fence Contractors LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Financial instruments
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
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.
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AGL Fence Contractors LTD Notes to the Accounts for the year ended 31 March 2023
Taxation
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.
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
11,500 
11,500 
Additions
532 
- 
532 
At 31 March 2023
532 
11,500 
12,032 
Depreciation
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 
Net book value
At 31 March 2023
477 
5,031 
5,508 
At 31 March 2022
- 
7,906 
7,906 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,491 
5,234 
Other debtors
25,149 
42,322 
73,640 
47,556 
6
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 
41,635 
34,928 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,584 
14,583 
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AGL Fence Contractors LTD Notes to the Accounts for the year ended 31 March 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
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 
53,147 
21,869 
10
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.
11
Average number of employees
During the year the average number of employees was 6 (2022: 3).
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