Registered number
04904871
AGM Brickwork & Stonework Ltd
Filleted Accounts
31 March 2024
AGM Brickwork & Stonework Ltd
Registered number: 04904871
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 64,360 66,700
Current assets
Stocks 5,000 5,000
Debtors 4 40,277 312,776
Cash at bank and in hand 42,790 9,181
88,067 326,957
Creditors: amounts falling due within one year 5 (212,021) (423,082)
Net current liabilities (123,954) (96,125)
Total assets less current liabilities (59,594) (29,425)
Creditors: amounts falling due after more than one year 6 (36,686) (58,928)
Net liabilities (96,280) (88,353)
Capital and reserves
Called up share capital 100 100
Profit and loss account (96,380) (88,453)
Shareholders' funds (96,280) (88,353)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Lane
Director
Approved by the board on 6 August 2024
AGM Brickwork & Stonework Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 32,191 65,080 97,271
Additions 12,000 - 12,000
At 31 March 2024 44,191 65,080 109,271
Depreciation
At 1 April 2023 23,923 6,648 30,571
Charge for the year 2,409 11,931 14,340
At 31 March 2024 26,332 18,579 44,911
Net book value
At 31 March 2024 17,859 46,501 64,360
At 31 March 2023 8,268 58,432 66,700
4 Debtors 2024 2023
£ £
Trade debtors 39,023 281,378
Other debtors 1,254 31,398
40,277 312,776
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,800 10,800
Obligations under finance lease and hire purchase contracts 16,560 16,560
Trade creditors 834 45,994
Taxation and social security costs 4,475 12,822
Other creditors 179,352 336,906
212,021 423,082
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,573 23,983
Obligations under finance lease and hire purchase contracts 22,113 34,945
36,686 58,928
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
M Lane
Directors loan (388,912) 157,554 (231,358)
(388,912) 157,554 - (231,358)
8 Controlling party
The controlling party is M Lane, by virtue of shareholding.
9 Other information
AGM Brickwork & Stonework Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Castle Lodge
St George's-Super-Ely
Vale of Glamorgan
CF5 6EW
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