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REGISTERED NUMBER: 10747564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

AGL Airsoft Ltd

AGL Airsoft Ltd (Registered number: 10747564)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGL Airsoft Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P M Fernandes
Mrs S Fernandes





REGISTERED OFFICE: C/o KP & Co
Avanta House
79 College Road
Harrow
Middlesex
HA1 1BD





REGISTERED NUMBER: 10747564 (England and Wales)





ACCOUNTANTS: KP & Company
15 Oldborough Road
Wembley
Middlesex
HA0 3PP

AGL Airsoft Ltd (Registered number: 10747564)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,340 37,993

CURRENT ASSETS
Stocks 36,245 26,182
Debtors 5 287,768 -
Cash at bank and in hand 196,403 116,998
520,416 143,180
CREDITORS
Amounts falling due within one year 6 186,878 104,592
NET CURRENT ASSETS 333,538 38,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,878

76,581

CREDITORS
Amounts falling due after more than one
year

7

334,560

40,242
NET ASSETS 39,318 36,339

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,218 36,239
SHAREHOLDERS' FUNDS 39,318 36,339

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

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

AGL Airsoft Ltd (Registered number: 10747564)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs S Fernandes - Director


AGL Airsoft Ltd (Registered number: 10747564)

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

1. STATUTORY INFORMATION

AGL Airsoft Ltd 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.
Plant and machinery etc - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

AGL Airsoft Ltd (Registered number: 10747564)

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

4. TANGIBLE FIXED ASSETS
Improvements Plant and
to machinery
property etc Totals
£    £    £   
COST
At 1 June 2022 35,000 9,119 44,119
Additions - 4,127 4,127
At 31 May 2023 35,000 13,246 48,246
DEPRECIATION
At 1 June 2022 - 6,126 6,126
Charge for year - 1,780 1,780
At 31 May 2023 - 7,906 7,906
NET BOOK VALUE
At 31 May 2023 35,000 5,340 40,340
At 31 May 2022 35,000 2,993 37,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 2,768 -
Other debtors 285,000 -
287,768 -

Other debtors represent amounts due from an trading entity in which directors have a material interests.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 147,722 97,166
Other creditors 39,156 7,426
186,878 104,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 334,560 40,242

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,560 40,242
Loan from GAM Ltd 300,000 -
334,560 40,242