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REGISTERED NUMBER: 11920090 (England and Wales)















AGD Enterprises Limited

Unaudited Financial Statements

for the Period 1 May 2022 to 31 March 2023






AGD Enterprises Limited (Registered number: 11920090)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AGD Enterprises Limited

Company Information
for the Period 1 May 2022 to 31 March 2023







DIRECTORS: G W Anscombe
A C Cuthbert
D Jones





REGISTERED OFFICE: Unit 9 & 10
Stuart Close Trade Park
Cardiff
CF11 8QF





REGISTERED NUMBER: 11920090 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

AGD Enterprises Limited (Registered number: 11920090)

Balance Sheet
31 March 2023

31.3.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,217 22,217

CURRENT ASSETS
Debtors 5 57,622 36,984
Cash at bank 29,489 141,853
87,111 178,837
CREDITORS
Amounts falling due within one year 6 173,993 71,433
NET CURRENT (LIABILITIES)/ASSETS (86,882 ) 107,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

(64,665

)

129,621

CREDITORS
Amounts falling due after more than one year 7 27,500 35,833
NET (LIABILITIES)/ASSETS (92,165 ) 93,788

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 238,933 238,933
Retained earnings (331,248 ) (145,295 )
(92,165 ) 93,788

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 20 February 2024 and were signed on its behalf by:





D Jones - Director


AGD Enterprises Limited (Registered number: 11920090)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 March 2023

1. STATUTORY INFORMATION

AGD Enterprises 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.

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


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.

Turnover
Turnover 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - NIL ) .

AGD Enterprises Limited (Registered number: 11920090)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 31 March 2023 22,217
NET BOOK VALUE
At 31 March 2023 22,217
At 30 April 2022 22,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.4.22
£    £   
Trade debtors 21,126 -
Other debtors 36,496 36,984
57,622 36,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 30.4.22
£    £   
Bank loans and overdrafts 9,167 10,000
Taxation and social security 5,935 1,525
Other creditors 158,891 59,908
173,993 71,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 30.4.22
£    £   
Bank loans 27,500 35,833