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Registered number: 06577187
AGB Interiors & Electrical Ltd
Financial Statements
For the Period 1 April 2023 to 31 October 2023
Friern Accountancy Ltd
92 Friern Gardens
Wickford
Essex
SS12 0HD
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06577187
31 October 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 265 353
265 353
CURRENT ASSETS
Debtors 5 24,711 28,453
Cash at bank and in hand 103 4,692
24,814 33,145
Creditors: Amounts Falling Due Within One Year 6 (5,073 ) (15,095 )
NET CURRENT ASSETS (LIABILITIES) 19,741 18,050
TOTAL ASSETS LESS CURRENT LIABILITIES 20,006 18,403
NET ASSETS 20,006 18,403
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 20,005 18,402
SHAREHOLDERS' FUNDS 20,006 18,403
Page 1
Page 2
For the period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Beeton
Director
15/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AGB Interiors & Electrical Ltd Registered number 06577187 is a limited by shares company incorporated in England & Wales. The Registered Office is Ruest, Mill Lane, Ramsden Heath, Essex, CM11 1LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, over their expected useful lives on the following bases:
Plant & Machinery 25%
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 6,000
As at 31 October 2023 6,000
Depreciation
As at 1 April 2023 5,647
Provided during the period 88
As at 31 October 2023 5,735
Net Book Value
As at 31 October 2023 265
As at 1 April 2023 353
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5. Debtors
31 October 2023 31 March 2023
£ £
Due within one year
Other debtors 24,711 28,453
24,711 28,453
6. Creditors: Amounts Falling Due Within One Year
31 October 2023 31 March 2023
£ £
Trade creditors (1 ) -
Corporation tax 4,267 10,315
Accruals and deferred income 600 1,800
Director's loan account 207 2,980
5,073 15,095
7. Share Capital
31 October 2023 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
31 October 2023 31 March 2023
£ £
On equity shares:
Final dividend paid 16,500 37,000
16,500 37,000
10. Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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