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AGC Retail Limited
Registered Number:NI059383
For the year ended 31 May 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 May 2023
AGC Retail Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI059383
As at 31 May 2023
AGC Retail Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
40,199
51,310
2
40,199
51,310
Current assets
Inventories
154,648
172,403
3
Trade and other receivables
31,794
33,600
4
499,948
Cash and cash equivalents
413,691
619,694
686,390
Trade and other payables: amounts falling due within one
year
(133,943)
(81,994)
5
552,447
537,700
Net current assets
Total assets less current liabilities
577,899
603,757
(7,550)
(9,642)
Provisions for liabilities
570,349
Net assets
594,115
Capital and reserves
Called up share capital
20,002
20,002
Retained earnings
550,347
574,113
570,349
594,115
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Calvin Director
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2023
AGC Retail Limited
Notes to the Financial Statements
Statutory Information
AGC Retail Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI059383.
Registered address:
20 Main Street
Richhill
Armagh
BT61 9PW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2022
163,193
3,854
8,100
72,000
79,239
At 31 May 2023
72,000
8,100
3,854
163,193
79,239
Provision for depreciation and impairment
At 01 June 2022
111,883
2,683
5,931
49,185
54,084
Charge for year
11,111
176
434
7,985
2,516
At 31 May 2023
122,994
2,859
6,365
57,170
56,600
At 31 May 2023
Net book value
22,639
14,830
1,735
995
40,199
At 31 May 2022
25,155
22,815
2,169
1,171
51,310
3. Inventories
2022
2023
£
£
Stocks
172,403
154,648
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5
For the year ended 31 May 2023
AGC Retail Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2022
2023
£
£
Trade debtors
3,600
1,794
Other debtors
30,000
30,000
31,794
33,600
The debtors above include the following amounts falling due after more than one year:
Other debtors
30,000
30,000
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
13,706
55,102
Taxation and social security
18,818
22,304
Other creditors
49,470
56,537
81,994
133,943
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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