IRIS Accounts Production v24.1.9.2 13769880 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false 19984 19984 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh137698802023-03-31137698802024-03-31137698802023-04-012024-03-31137698802021-11-28137698802021-11-292023-03-31137698802023-03-3113769880ns15:EnglandWales2023-04-012024-03-3113769880ns14:PoundSterling2023-04-012024-03-3113769880ns10:Director12023-04-012024-03-3113769880ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113769880ns10:SmallEntities2023-04-012024-03-3113769880ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3113769880ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113769880ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113769880ns10:FullAccounts2023-04-012024-03-311376988042ns10:Director22021-11-292023-03-3113769880ns10:Director22023-04-012024-03-3113769880ns10:RegisteredOffice2023-04-012024-03-3113769880ns5:CurrentFinancialInstruments2024-03-3113769880ns5:CurrentFinancialInstruments2023-03-3113769880ns5:ShareCapital2024-03-3113769880ns5:ShareCapital2023-03-3113769880ns5:RetainedEarningsAccumulatedLosses2024-03-3113769880ns5:RetainedEarningsAccumulatedLosses2023-03-3113769880ns5:FurnitureFittings2023-04-012024-03-3113769880ns5:ComputerEquipment2023-04-012024-03-3113769880ns5:FurnitureFittings2023-03-3113769880ns5:ComputerEquipment2023-03-3113769880ns5:FurnitureFittings2024-03-3113769880ns5:ComputerEquipment2024-03-3113769880ns5:FurnitureFittings2023-03-3113769880ns5:ComputerEquipment2023-03-3113769880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113769880ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31137698801ns10:Director12023-03-31137698801ns10:Director12021-11-28137698801ns10:Director12023-04-012024-03-31137698801ns10:Director12021-11-292023-03-31137698801ns10:Director12024-03-31137698801ns10:Director12023-03-31
REGISTERED NUMBER: 13769880 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

AG Business Solutions Limited

AG Business Solutions Limited (Registered number: 13769880)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AG Business Solutions Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr A J Gorton
Mrs S L Gorton





REGISTERED OFFICE: Loxley House
Lower Loxley
Uttoxeter
Staffordshire
ST14 8RZ





REGISTERED NUMBER: 13769880 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

AG Business Solutions Limited (Registered number: 13769880)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,273 3,231

CURRENT ASSETS
Debtors 5 7,090 20,790
Cash at bank 154,561 122,303
161,651 143,093
CREDITORS
Amounts falling due within one year 6 98,810 79,781
NET CURRENT ASSETS 62,841 63,312
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,114

66,543

PROVISIONS FOR LIABILITIES 602 856
NET ASSETS 64,512 65,687

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 64,511 65,686
SHAREHOLDERS' FUNDS 64,512 65,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 Business Solutions Limited (Registered number: 13769880)

Balance Sheet - continued
31st March 2024


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 31st July 2024 and were signed on its behalf by:





Mr A J Gorton - Director


AG Business Solutions Limited (Registered number: 13769880)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

AG Business Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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. Turnover is recognised when services have been provided resulting in the company obtaining the right to consideration.

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 - 25% on cost
Computer equipment - 25% on cost

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.

AG Business Solutions Limited (Registered number: 13769880)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023
and 31st March 2024 2,899 932 3,831
DEPRECIATION
At 1st April 2023 482 118 600
Charge for year 725 233 958
At 31st March 2024 1,207 351 1,558
NET BOOK VALUE
At 31st March 2024 1,692 581 2,273
At 31st March 2023 2,417 814 3,231

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,090 20,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 24,295 37,587
Other creditors 74,515 42,194
98,810 79,781

AG Business Solutions Limited (Registered number: 13769880)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31st March 2024 and the period ended 31st March 2023:

2024 2023
£    £   
Mr A J Gorton and Mrs S L Gorton
Balance outstanding at start of year - -
Amounts advanced - 19,984
Amounts repaid - (19,984 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest was paid to the company in respect of these advances and there were no fixed terms for repayment.

8. RELATED PARTY DISCLOSURES

Included in creditors due within one year at 31st March 2024 is £72,676 (2023 - £40,444) owed to the directors of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AG Business Solutions Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 AG Business Solutions Limited for the year ended 31st March 2024 which comprise the Income Statement, 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 Board of Directors of AG Business Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AG Business Solutions Limited and state those matters that we have agreed to state to the Board of Directors of AG Business Solutions Limited, as a body, 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 AG Business Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AG Business Solutions Limited 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 profit of AG Business Solutions Limited. You consider that AG Business Solutions Limited 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 AG Business Solutions Limited. 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.






Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP


Date: .............................................