IRIS Accounts Production v23.2.0.158 07670783 director 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076707832022-08-31076707832023-08-31076707832022-09-012023-08-31076707832021-08-31076707832021-09-012022-08-31076707832022-08-3107670783ns10:Originalns15:EnglandWales2022-09-012023-08-3107670783ns14:PoundSterlingns10:Original2022-09-012023-08-3107670783ns10:Originalns10:Director12022-09-012023-08-3107670783ns10:Original2022-09-012023-08-3107670783ns10:Original2023-08-3107670783ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3107670783ns10:Originalns10:SmallEntities2022-09-012023-08-3107670783ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3107670783ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3107670783ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3107670783ns10:Originalns10:FullAccounts2022-09-012023-08-3107670783ns10:Original12022-09-012023-08-3107670783ns10:Originalns10:RegisteredOffice2022-09-012023-08-3107670783ns10:Original2022-08-3107670783ns10:Originalns5:CurrentFinancialInstruments2023-08-3107670783ns10:Originalns5:CurrentFinancialInstruments2022-08-3107670783ns10:Originalns5:Non-currentFinancialInstruments2023-08-3107670783ns10:Originalns5:Non-currentFinancialInstruments2022-08-3107670783ns5:ShareCapitalns10:Original2023-08-3107670783ns5:ShareCapitalns10:Original2022-08-3107670783ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3107670783ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3107670783ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-012023-08-3107670783ns10:Originalns5:ComputerSoftware2022-09-012023-08-3107670783ns10:Originalns5:FurnitureFittings2022-09-012023-08-3107670783ns10:Originalns5:MotorVehicles2022-09-012023-08-3107670783ns10:Originalns5:ComputerEquipment2022-09-012023-08-3107670783ns10:Original2021-09-012022-08-3107670783ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-3107670783ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-08-3107670783ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-08-3107670783ns10:Originalns5:FurnitureFittings2022-08-3107670783ns10:Originalns5:MotorVehicles2022-08-3107670783ns10:Originalns5:ComputerEquipment2022-08-3107670783ns10:Original2022-08-3107670783ns10:Originalns5:FurnitureFittings2023-08-3107670783ns10:Originalns5:MotorVehicles2023-08-3107670783ns10:Originalns5:ComputerEquipment2023-08-3107670783ns10:Originalns5:FurnitureFittings2022-08-3107670783ns10:Originalns5:MotorVehicles2022-08-3107670783ns10:Originalns5:ComputerEquipment2022-08-3107670783ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107670783ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107670783ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3107670783ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3107670783ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-08-3107670783ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-08-3107670783ns10:Originalns5:HirePurchaseContracts2023-08-3107670783ns10:Originalns5:HirePurchaseContracts2022-08-3107670783ns10:Originalns5:WithinOneYear2023-08-3107670783ns10:Originalns5:WithinOneYear2022-08-3107670783ns5:BetweenOneFiveYearsns10:Original2023-08-3107670783ns5:BetweenOneFiveYearsns10:Original2022-08-3107670783ns10:Originalns5:AllPeriods2023-08-3107670783ns10:Originalns5:AllPeriods2022-08-31
REGISTERED NUMBER: 07670783 (England and Wales)















Financial Statements

for the Year Ended 31 August 2023

for

AGD Surrey Ltd

AGD Surrey Ltd (Registered number: 07670783)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AGD Surrey Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: D S McCahill





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 07670783 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

AGD Surrey Ltd (Registered number: 07670783)

Statement of Financial Position
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Intangible assets 5 1,948 3,323
Property, plant and equipment 6 34,245 21,632
36,193 24,955

CURRENT ASSETS
Inventories 425 565
Debtors 7 63,973 51,828
Cash at bank 68,532 50,738
132,930 103,131
CREDITORS
Amounts falling due within one year 8 (128,612 ) (90,422 )
NET CURRENT ASSETS 4,318 12,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,511

37,664

CREDITORS
Amounts falling due after more than one
year

9

(27,692

)

(21,918

)
NET ASSETS 12,819 15,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,719 15,646
SHAREHOLDERS' FUNDS 12,819 15,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

AGD Surrey Ltd (Registered number: 07670783)

Statement of Financial Position - continued
31 August 2023


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 director and authorised for issue on 8 November 2023 and were signed by:





D S McCahill - Director


AGD Surrey Ltd (Registered number: 07670783)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

AGD Surrey 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Inventories 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 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 statement of financial position date.


AGD Surrey Ltd (Registered number: 07670783)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 September 2022
and 31 August 2023 5,500
Amortisation
At 1 September 2022 2,177
Charge for year 1,375
At 31 August 2023 3,552
Net book value
At 31 August 2023 1,948
At 31 August 2022 3,323

AGD Surrey Ltd (Registered number: 07670783)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2022 1,907 49,186 2,415 53,508
Additions 220 23,995 1,748 25,963
Disposals - - (874 ) (874 )
At 31 August 2023 2,127 73,181 3,289 78,597
Depreciation
At 1 September 2022 538 29,853 1,485 31,876
Charge for year 532 11,499 627 12,658
Eliminated on disposal - - (182 ) (182 )
At 31 August 2023 1,070 41,352 1,930 44,352
Net book value
At 31 August 2023 1,057 31,829 1,359 34,245
At 31 August 2022 1,369 19,333 930 21,632

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 61,117 45,670
Other debtors 2,856 6,158
63,973 51,828

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 6,815 6,400
Hire purchase contracts (see note 10) 7,767 -
Trade creditors 35,960 25,186
Taxation and social security 24,050 19,577
Other creditors 54,020 39,259
128,612 90,422

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 15,356 21,918
Hire purchase contracts (see note 10) 12,336 -
27,692 21,918

AGD Surrey Ltd (Registered number: 07670783)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/8/23 31/8/22
£    £   
Net obligations repayable:
Within one year 7,767 -
Between one and five years 12,336 -
20,103 -

Non-cancellable operating leases
31/8/23 31/8/22
£    £   
Within one year 8,000 8,000
Between one and five years 20,667 28,667
28,667 36,667

11. SECURED DEBTS

The following secured debts are included within creditors:

31/8/23 31/8/22
£    £   
Hire purchase contracts 20,103 -