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REGISTERED NUMBER: 05176061 (England and Wales)















AGS LAND MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)






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


AGS LAND MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs C L Fisher





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 05176061 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,050 21,915

CURRENT ASSETS
Stocks 126,986 124,671
Debtors 5 4,022 3,906
Cash at bank 19,071 15,052
150,079 143,629
CREDITORS
Amounts falling due within one year 6 81,957 100,727
NET CURRENT ASSETS 68,122 42,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,172

64,817

CREDITORS
Amounts falling due after more than one
year

7

(1,200

)

(4,638

)

PROVISIONS FOR LIABILITIES (4,058 ) (4,033 )
NET ASSETS 84,914 56,146

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 84,814 56,046
SHAREHOLDERS' FUNDS 84,914 56,146

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 director acknowledges her 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.

AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:





Mrs C L Fisher - Director


AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

AGS Land Management 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Tools and equipment - 33% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 33% on cost and 10% on reducing balance

Stocks
Stocks 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 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 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 3 (2022 - 3 ) .

AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Tools and and
property equipment fittings
£    £    £   
COST
At 1 August 2022 16,257 887 1,000
Additions - - 2,600
At 31 July 2023 16,257 887 3,600
DEPRECIATION
At 1 August 2022 622 139 623
Charge for year 311 112 447
At 31 July 2023 933 251 1,070
NET BOOK VALUE
At 31 July 2023 15,324 636 2,530
At 31 July 2022 15,635 748 377

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 6,995 5,164 30,303
Additions - - 2,600
At 31 July 2023 6,995 5,164 32,903
DEPRECIATION
At 1 August 2022 3,061 3,943 8,388
Charge for year 984 611 2,465
At 31 July 2023 4,045 4,554 10,853
NET BOOK VALUE
At 31 July 2023 2,950 610 22,050
At 31 July 2022 3,934 1,221 21,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 67
Amounts owed by Fishers Sales Direct Ltd 3,863 3,839
Prepayments and accrued income 159 -
4,022 3,906

AGS LAND MANAGEMENT LTD (REGISTERED NUMBER: 05176061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,021 5,969
Trade creditors - 14,491
Tax 6,722 7,630
VAT 11,144 11,929
Directors' current accounts 51,449 58,177
Accruals and deferred income 2,621 2,531
81,957 100,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,200 3,438
Bank loans - 2-5 years - 1,200
1,200 4,638

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 56,046
Profit for the year 28,768
At 31 July 2023 84,814

10. RELATED PARTY DISCLOSURES

J A Fisher, a former director and shareholder in this company and husband to the current director is also the director and shareholder of Fishers Sales Direct Ltd.There is a loan between the two companies with a balance of £3,862.87 at the year end date.