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REGISTERED NUMBER: 07099255 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

AG INSTRUMENTS LIMITED

AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)






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 INSTRUMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: Mrs N Agaiby
M Agaiby
D Agaiby





REGISTERED OFFICE: 3 Astley Close
Leamington Spa
CV32 6PT





REGISTERED NUMBER: 07099255 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 572,224 559,543
572,224 559,543

CURRENT ASSETS
Stocks 100,000 100,000
Debtors 5 215,197 271,456
Cash at bank 1,010,830 712,744
1,326,027 1,084,200
CREDITORS
Amounts falling due within one year 6 138,562 103,118
NET CURRENT ASSETS 1,187,465 981,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,759,689

1,540,625

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,759,589 1,540,525
SHAREHOLDERS' FUNDS 1,759,689 1,540,625

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.

AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)

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 Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




D Agaiby - Director



M Agaiby - Director


AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. 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 has been full amortised.

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.

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.

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.

AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 1,000,000
AMORTISATION
At 1 August 2022
and 31 July 2023 1,000,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 553,253 14,551 567,804
Additions 13,976 - 13,976
At 31 July 2023 567,229 14,551 581,780
DEPRECIATION
At 1 August 2022 - 8,261 8,261
Charge for year - 1,295 1,295
At 31 July 2023 - 9,556 9,556
NET BOOK VALUE
At 31 July 2023 567,229 4,995 572,224
At 31 July 2022 553,253 6,290 559,543

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 214,691 271,006
Other debtors 506 450
215,197 271,456

AG INSTRUMENTS LIMITED (REGISTERED NUMBER: 07099255)

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 52 4,475
Trade creditors 22,388 34,730
Taxation and social security 54,448 28,476
Other creditors 61,674 35,437
138,562 103,118