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REGISTERED NUMBER: 10190922 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 June 2024

for

AGS Construction Limited

AGS Construction Limited (Registered number: 10190922)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGS Construction Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G A Thirlwall
M N Wilson





REGISTERED OFFICE: First Floor
Niblett House
Chesterfield Road
Sheffield
South Yorkshire
S26 4TL





REGISTERED NUMBER: 10190922 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

AGS Construction Limited (Registered number: 10190922)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,384 4,217

CURRENT ASSETS
Stocks 104,474 72,250
Debtors 5 197,309 132,048
301,783 204,298
CREDITORS
Amounts falling due within one year 6 290,021 169,439
NET CURRENT ASSETS 11,762 34,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,146

39,076

CREDITORS
Amounts falling due after more than one
year

7

(35,061

)

(37,847

)

PROVISIONS FOR LIABILITIES (6,913 ) (801 )
NET ASSETS 6,172 428

CAPITAL AND RESERVES
Called up share capital 500 250
Retained earnings 8 5,672 178
6,172 428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AGS Construction Limited (Registered number: 10190922)

Balance Sheet - continued
30 June 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 15 August 2024 and were signed on its behalf by:




G A Thirlwall - Director



M N Wilson - Director


AGS Construction Limited (Registered number: 10190922)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

AGS Construction 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
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.

AGS Construction Limited (Registered number: 10190922)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 7,250 5,826 13,076
Additions 30,817 5,121 35,938
At 30 June 2024 38,067 10,947 49,014
DEPRECIATION
At 1 July 2023 4,588 4,271 8,859
Charge for year 1,429 2,342 3,771
At 30 June 2024 6,017 6,613 12,630
NET BOOK VALUE
At 30 June 2024 32,050 4,334 36,384
At 30 June 2023 2,662 1,555 4,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 146,575 123,760
Directors' current accounts 50,734 272
VAT - 8,016
197,309 132,048

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,643 82,678
Trade creditors 28,062 25,565
Tax 106,232 42,613
Social security and other taxes 5,378 15,436
Nest pension 213 213
VAT 86,197 -
Accrued expenses 2,296 2,934
290,021 169,439

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 35,061 37,847

AGS Construction Limited (Registered number: 10190922)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 178
Profit for the year 275,494
Dividends (270,000 )
At 30 June 2024 5,672