Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-10-01false11falsetruefalse 01537912 2022-10-01 2023-09-30 01537912 2021-10-01 2022-09-30 01537912 2023-09-30 01537912 2022-09-30 01537912 c:Director1 2022-10-01 2023-09-30 01537912 d:PlantMachinery 2022-10-01 2023-09-30 01537912 d:PlantMachinery 2023-09-30 01537912 d:PlantMachinery 2022-09-30 01537912 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01537912 d:MotorVehicles 2022-10-01 2023-09-30 01537912 d:MotorVehicles 2023-09-30 01537912 d:MotorVehicles 2022-09-30 01537912 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01537912 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 01537912 d:CurrentFinancialInstruments 2023-09-30 01537912 d:CurrentFinancialInstruments 2022-09-30 01537912 d:Non-currentFinancialInstruments 2023-09-30 01537912 d:Non-currentFinancialInstruments 2022-09-30 01537912 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01537912 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 01537912 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 01537912 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 01537912 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 01537912 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-09-30 01537912 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 01537912 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 01537912 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 01537912 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 01537912 d:ShareCapital 2023-09-30 01537912 d:ShareCapital 2022-09-30 01537912 d:RetainedEarningsAccumulatedLosses 2023-09-30 01537912 d:RetainedEarningsAccumulatedLosses 2022-09-30 01537912 c:FRS102 2022-10-01 2023-09-30 01537912 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 01537912 c:FullAccounts 2022-10-01 2023-09-30 01537912 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 01537912 2 2022-10-01 2023-09-30 01537912 e:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 01537912










A G R INTERIORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
A G R INTERIORS LIMITED
REGISTERED NUMBER: 01537912

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,463
2,921

  
2,463
2,921

Current assets
  

Stocks
  
2,416
2,935

Debtors: amounts falling due within one year
 5 
4,020
593

Cash at bank and in hand
  
961
6,616

  
7,397
10,144

Creditors: amounts falling due within one year
 6 
(115,835)
(122,750)

Net current liabilities
  
 
 
(108,438)
 
 
(112,606)

Total assets less current liabilities
  
(105,975)
(109,685)

Creditors: amounts falling due after more than one year
 7 
(10,853)
(12,598)

Provisions for liabilities
  

Deferred tax
  
(468)
(555)

  
 
 
(468)
 
 
(555)

Net liabilities
  
(117,296)
(122,838)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(118,296)
(123,838)

  
(117,296)
(122,838)


Page 1

 
A G R INTERIORS LIMITED
REGISTERED NUMBER: 01537912
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A G Rackham
Director

Date: 30 July 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

A G R Interiors Limited is a private company limited by shares and incorporated in England and Wales, registration number 01537912.  The registered office is 28 Victoria Road, Diss, Norfolk, IP22 4HW.    

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The director believes that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. The director has considered a period of twelve months from the date of approval of the financial statements. The director believes that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 6

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2022
11,316
5,135
16,451


Additions
110
-
110



At 30 September 2023

11,426
5,135
16,561



Depreciation


At 1 October 2022
9,613
3,917
13,530


Charge for the year on owned assets
263
305
568



At 30 September 2023

9,876
4,222
14,098



Net book value



At 30 September 2023
1,550
913
2,463



At 30 September 2022
1,703
1,218
2,921


5.


Debtors

2023
2022
£
£


Trade debtors
3,588
175

Prepayments and accrued income
14
-

Tax recoverable
418
418

4,020
593


Page 7

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
1,806
1,666

Trade creditors
2,927
4,878

Corporation tax
1,422
-

Other creditors
107,682
114,540

Accruals and deferred income
1,998
1,666

115,835
122,750



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
10,853
12,598

10,853
12,598


The aggregate amount for which security has been given amounted to £10,853 (2022: £12,598).
Included within loans due after more than one year are borrowings with repayment terms of six years. Interest is charged at market rates and is subject to fluctuation in line with the base rate. 
The bank loan is secured against land & buildings at Magpie Court Harleston, Norfolk.

Page 8

 
A G R INTERIORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
1,806
1,666


1,806
1,666

Amounts falling due 1-2 years

Bank loans
1,958
1,769


1,958
1,769

Amounts falling due 2-5 years

Bank loans
7,017
5,982


7,017
5,982

Amounts falling due after more than 5 years

Bank loans
1,878
4,847

1,878
4,847

12,659
14,264


 
Page 9