Silverfin false 31/05/2023 01/06/2022 31/05/2023 Mr A G Sweet 21/11/2000 Mrs S J Sweet 23 January 2024 The principal activity of the Company during the financial year was building services. 04111357 2023-05-31 04111357 bus:Director1 2023-05-31 04111357 2022-05-31 04111357 core:CurrentFinancialInstruments 2023-05-31 04111357 core:CurrentFinancialInstruments 2022-05-31 04111357 core:ShareCapital 2023-05-31 04111357 core:ShareCapital 2022-05-31 04111357 core:RetainedEarningsAccumulatedLosses 2023-05-31 04111357 core:RetainedEarningsAccumulatedLosses 2022-05-31 04111357 core:LandBuildings 2022-05-31 04111357 core:PlantMachinery 2022-05-31 04111357 core:Vehicles 2022-05-31 04111357 core:OfficeEquipment 2022-05-31 04111357 core:LandBuildings 2023-05-31 04111357 core:PlantMachinery 2023-05-31 04111357 core:Vehicles 2023-05-31 04111357 core:OfficeEquipment 2023-05-31 04111357 bus:OrdinaryShareClass1 2023-05-31 04111357 2022-06-01 2023-05-31 04111357 bus:FullAccounts 2022-06-01 2023-05-31 04111357 bus:SmallEntities 2022-06-01 2023-05-31 04111357 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04111357 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04111357 bus:Director1 2022-06-01 2023-05-31 04111357 bus:CompanySecretary1 2022-06-01 2023-05-31 04111357 core:LandBuildings core:TopRangeValue 2022-06-01 2023-05-31 04111357 core:PlantMachinery 2022-06-01 2023-05-31 04111357 core:Vehicles 2022-06-01 2023-05-31 04111357 core:OfficeEquipment 2022-06-01 2023-05-31 04111357 2021-06-01 2022-05-31 04111357 core:LandBuildings 2022-06-01 2023-05-31 04111357 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 04111357 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04111357 (England and Wales)

A G S BUILDING SERVICES (TAUNTON) LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar

A G S BUILDING SERVICES (TAUNTON) LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2023

Contents

A G S BUILDING SERVICES (TAUNTON) LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2023
A G S BUILDING SERVICES (TAUNTON) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2023
DIRECTOR Mr A G Sweet
SECRETARY Mrs S J Sweet
REGISTERED OFFICE Ground Floor Blackbrook Gate 1
Blackbrook Business Park
Taunton
TA1 2PX
United Kingdom
COMPANY NUMBER 04111357 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Blackbrook Gate 1
Blackbrook Business Park
Taunton
Somerset TA1 2PX
A G S BUILDING SERVICES (TAUNTON) LIMITED

BALANCE SHEET

As at 31 May 2023
A G S BUILDING SERVICES (TAUNTON) LIMITED

BALANCE SHEET (continued)

As at 31 May 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 46,453 53,210
46,453 53,210
Current assets
Debtors 4 22,002 38,851
Cash at bank and in hand 232,139 195,980
254,141 234,831
Creditors: amounts falling due within one year 5 ( 39,119) ( 56,079)
Net current assets 215,022 178,752
Total assets less current liabilities 261,475 231,962
Provision for liabilities ( 4,670) ( 6,052)
Net assets 256,805 225,910
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 256,705 225,810
Total shareholders' funds 256,805 225,910

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of A G S Building Services (Taunton) Limited (registered number: 04111357) were approved and authorised for issue by the Director on 23 January 2024. They were signed on its behalf by:

Mr A G Sweet
Director
A G S BUILDING SERVICES (TAUNTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
A G S BUILDING SERVICES (TAUNTON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A G S Building Services (Taunton) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is 14 Manor Road, Taunton, TA1 5BD.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised when services have been provided.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 3

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 June 2022 28,980 2,545 52,492 2,450 86,467
At 31 May 2023 28,980 2,545 52,492 2,450 86,467
Accumulated depreciation
At 01 June 2022 628 2,183 28,350 2,096 33,257
Charge for the financial year 579 54 6,036 88 6,757
At 31 May 2023 1,207 2,237 34,386 2,184 40,014
Net book value
At 31 May 2023 27,773 308 18,106 266 46,453
At 31 May 2022 28,352 362 24,142 354 53,210

Included within the net book value of land and buildings above is £27,773 (2022 - £28,352) in respect of freehold land and building.

4. Debtors

2023 2022
£ £
Trade debtors 15,687 37,831
Prepayments and accrued income 5,945 1,020
Other debtors 370 0
22,002 38,851

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 7,705 20,400
Taxation and social security 29,342 29,672
Other creditors 2,072 6,007
39,119 56,079

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100