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REGISTERED NUMBER: 04598840 (England and Wales)






Unaudited Financial Statements

for the Year Ended 31st December 2023

for

AGL Corporate Merchandising Ltd

AGL Corporate Merchandising Ltd (Registered number: 04598840)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


AGL Corporate Merchandising Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mrs A Grove





REGISTERED OFFICE: 101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ





REGISTERED NUMBER: 04598840 (England and Wales)





ACCOUNTANTS: Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
AGL Corporate Merchandising Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AGL Corporate Merchandising Ltd for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of AGL Corporate Merchandising Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AGL Corporate Merchandising Ltd and state those matters that we have agreed to state to the director of AGL Corporate Merchandising Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGL Corporate Merchandising Ltd and its director for our work or for this report.

It is your duty to ensure that AGL Corporate Merchandising Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of AGL Corporate Merchandising Ltd. You consider that AGL Corporate Merchandising Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AGL Corporate Merchandising Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Neil Westwood & Co.
Chartered Accountants
101 Dixons Green Road
Dudley
West Midlands
DY2 7DJ


16th April 2024

AGL Corporate Merchandising Ltd (Registered number: 04598840)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 344 552
344 552

CURRENT ASSETS
Stocks 1,150 1,220
Debtors 6 33,676 36,962
Cash at bank and in hand 79 4,073
34,905 42,255
CREDITORS
Amounts falling due within one year 7 22,718 23,986
NET CURRENT ASSETS 12,187 18,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,531

18,821

CREDITORS
Amounts falling due after more than one
year

8

17,389

20,837
NET LIABILITIES (4,858 ) (2,016 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (5,858 ) (3,016 )
(4,858 ) (2,016 )

AGL Corporate Merchandising Ltd (Registered number: 04598840)

Balance Sheet - continued
31st December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2024 and were signed by:





Mrs A Grove - Director


AGL Corporate Merchandising Ltd (Registered number: 04598840)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

AGL Corporate Merchandising 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.


AGL Corporate Merchandising Ltd (Registered number: 04598840)

Notes to the Financial Statements - continued
for the Year Ended 31st December 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.

Going concern
The director confirms that the company is a going concern and will continue to support the business in meeting its day to day working capital commitments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 46,000
AMORTISATION
At 1st January 2023
and 31st December 2023 46,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

AGL Corporate Merchandising Ltd (Registered number: 04598840)

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


5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 1,339 600 1,939
DEPRECIATION
At 1st January 2023 1,287 100 1,387
Charge for year 8 200 208
At 31st December 2023 1,295 300 1,595
NET BOOK VALUE
At 31st December 2023 44 300 344
At 31st December 2022 52 500 552

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,516 3,951
Other debtors 26,160 33,011
33,676 36,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,685 14,183
Trade creditors 5,808 2,003
Taxation and social security 5,106 5,976
Other creditors 2,119 1,824
22,718 23,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 17,389 20,837

AGL Corporate Merchandising Ltd (Registered number: 04598840)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,389 20,837

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
Mrs A Grove
Balance outstanding at start of year 11,852 11,660
Amounts advanced 149 192
Amounts repaid (7,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,001 11,852

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A Grove.