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REGISTERED NUMBER: 07422703 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2023

for

Aggrecom Limited

Aggrecom Limited (Registered number: 07422703)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aggrecom Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: R L Fox
M Scott
Mrs K Fox





SECRETARY: Mrs K Fox





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: Plot 2 Foundry Park
Crompton Road
Ilkeston
Derbyshire
DE7 4BG





REGISTERED NUMBER: 07422703 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Aggrecom Limited (Registered number: 07422703)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,787,556 1,947,605

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 1,649,108 2,406,212
Cash at bank 524,412 309,190
2,178,520 2,720,402
CREDITORS
Amounts falling due within one year 6 1,977,277 2,524,248
NET CURRENT ASSETS 201,243 196,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,988,799

2,143,759

CREDITORS
Amounts falling due after more than one
year

7

(580,772

)

(818,998

)

PROVISIONS FOR LIABILITIES (433,000 ) (358,000 )
NET ASSETS 975,027 966,761

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 974,027 965,761
SHAREHOLDERS' FUNDS 975,027 966,761

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

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

Aggrecom Limited (Registered number: 07422703)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





R L Fox - Director


Aggrecom Limited (Registered number: 07422703)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Aggrecom 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.

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 represents the amounts (excluding value added tax) derived from the provision of services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

Plant and machinery15% on reducing balance
Motor vehicles 25% on reducing balance
Office equipment33% straight line
Fixtures and fittings15% on reducing balance
Leasehold propertyover 10 years
Improvements to propertyover 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 36 (2022 - 39 ) .

Aggrecom Limited (Registered number: 07422703)

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

4. TANGIBLE FIXED ASSETS
Improvements
Leasehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2022 7,718 103,091 1,389,258
Additions - 110,109 460,632
Disposals - - (273,000 )
At 31 October 2023 7,718 213,200 1,576,890
DEPRECIATION
At 1 November 2022 2,315 6,717 263,629
Charge for year 772 16,832 212,274
Eliminated on disposal - - (62,715 )
At 31 October 2023 3,087 23,549 413,188
NET BOOK VALUE
At 31 October 2023 4,631 189,651 1,163,702
At 31 October 2022 5,403 96,374 1,125,629

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 53,703 1,154,146 12,634 2,720,550
Additions 3,906 28,320 - 602,967
Disposals - (433,894 ) - (706,894 )
At 31 October 2023 57,609 748,572 12,634 2,616,623
DEPRECIATION
At 1 November 2022 15,886 474,846 9,552 772,945
Charge for year 6,063 141,051 2,012 379,004
Eliminated on disposal - (260,167 ) - (322,882 )
At 31 October 2023 21,949 355,730 11,564 829,067
NET BOOK VALUE
At 31 October 2023 35,660 392,842 1,070 1,787,556
At 31 October 2022 37,817 679,300 3,082 1,947,605


Aggrecom Limited (Registered number: 07422703)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,458,613 2,229,673
Amounts owed by group undertakings - 18,189
Other debtors 1,144 3,907
Owed by related parties 55,801 31,010
Directors' loan account 30,082 -
Tax - 43,046
Prepayments 103,468 80,387
1,649,108 2,406,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 509,986 637,600
Trade creditors 670,391 1,170,430
Amounts owed to group undertakings 378,646 387,776
Tax 87,765 4,975
Social security and other taxes 94,023 160,275
Other creditors 77,504 93,930
Directors' loan account - 5,391
Accrued expenses 148,962 53,871
Bank loans 10,000 10,000
1,977,277 2,524,248

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-5 years 18,333 28,333
Hire purchase contracts (see note 8) 562,439 790,665
580,772 818,998

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 509,986 637,600
Between one and five years 562,439 790,665
1,072,425 1,428,265

Aggrecom Limited (Registered number: 07422703)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 80,000 80,000
Between one and five years 320,000 320,000
In more than five years 146,667 226,667
546,667 626,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,072,425 1,428,265

Hire purchase creditors are secured on the related asset.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year net advances of £30,082 were made to the directors. This amount is repayable on demand and interest is charged at the official rate.