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REGISTERED NUMBER: 12002003 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

AG Hospitality Services Limited

AG Hospitality Services Limited (Registered number: 12002003)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AG Hospitality Services Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr G K Grover
Mr A Mistry





SECRETARY:





REGISTERED OFFICE: Camelford House
3rd Floor, 87-90 Albert Embankment
London
SE1 7TP





REGISTERED NUMBER: 12002003 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

AG Hospitality Services Limited (Registered number: 12002003)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,686 8,123

CURRENT ASSETS
Debtors 5 199,298 146,434
Cash at bank and in hand 10,999 9,808
210,297 156,242
CREDITORS
Amounts falling due within one year 6 (177,590 ) (164,224 )
NET CURRENT ASSETS/(LIABILITIES) 32,707 (7,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,393

141

CREDITORS
Amounts falling due after more than
one year

7

(20,097

)

(29,845

)
NET ASSETS/(LIABILITIES) 24,296 (29,704 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,196 (29,804 )
SHAREHOLDERS' FUNDS 24,296 (29,704 )

AG Hospitality Services Limited (Registered number: 12002003)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Mr G K Grover - Director


AG Hospitality Services Limited (Registered number: 12002003)

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


1. STATUTORY INFORMATION

AG Hospitality Services Limited 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.

2. ACCOUNTING POLICIES

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

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


AG Hospitality Services Limited (Registered number: 12002003)

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


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 13,642
Additions 6,486
At 31 July 2023 20,128
DEPRECIATION
At 1 August 2022 5,519
Charge for year 2,923
At 31 July 2023 8,442
NET BOOK VALUE
At 31 July 2023 11,686
At 31 July 2022 8,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 54,400 42,000
Amounts owed by group undertakings 14,172 -
Other debtors 130,726 104,434
199,298 146,434

AG Hospitality Services Limited (Registered number: 12002003)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 63,123 43,807
Taxation and social security 21,546 33,783
Other creditors 82,273 75,986
177,590 164,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 20,097 29,845