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Registered number: 06317922

A & G Plastering Contractors Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

Prepared By:
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

A & G Plastering Contractors Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
A M Widdowson
SECRETARY
G S Widdowson
REGISTERED OFFICE
6C Nottingham Road
Nuthall
Nottingham
Notts
NG16 1DP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06317922
BANKERS
Barclays Bank Plc, Sir Frank Whittle Road, Derby, DE1 9NT
ACCOUNTANTS
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

A & G Plastering Contractors Ltd

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

A & G Plastering Contractors Ltd

BALANCE SHEET AT 31 December 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3747,058598,782
CURRENT ASSETS
Debtors5128,932306,833
Cash at bank and in hand133,76440,311
262,696347,144
CREDITORS: Amounts falling due within one year6171,043198,075
NET CURRENT ASSETS91,653149,069
TOTAL ASSETS LESS CURRENT LIABILITIES838,711747,851
CREDITORS: Amounts falling due after more than one year7439,291480,030
PROVISIONS FOR LIABILITIES AND CHARGES9142,413113,768
NET ASSETS257,007154,053
CAPITAL AND RESERVES
Called up share capital101010
Profit and loss account256,997154,043
SHAREHOLDERS' FUNDS257,007154,053
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 September 2024 and signed on their behalf by
.............................
A M Widdowson
Director

A & G Plastering Contractors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 102 section 1A
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 20%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. EMPLOYEES
20232022
No.No.
Average number of employees1113

A & G Plastering Contractors Ltd

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 1 January 2023204,32921,778226,107
Additions234,370-234,370
Disposals(35,490)-(35,490)
At 31 December 2023403,20921,778424,987
Depreciation
At 1 January 2023110,10614,219124,325
Disposals(27,068)-(27,068)
For the year73,6781,50975,187
At 31 December 2023156,71615,728172,444
Net Book Amounts
At 31 December 2023246,4936,050252,543
At 31 December 202294,2237,559101,782
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 January 2023497,000497,000
Revaluation(2,485)(2,485)
At 31 December 2023494,515494,515
The historic cost of investment property is £453,718 (2022: £453,718).
The fair value gains and losses on the above assets are recognised in profit and loss. The fair value loss of £2,485 has been included within the profit for the year.
The investment property has been valued by the directors as at 31 December 2023 and 2022. The valuation is based on the purchase prices as adjusted for inflation data provided by Zoopla.co.uk.
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors118,559242,878
Other debtors9461,064
CIS Debtor9,427-
Directors current account-62,891
128,932306,833

A & G Plastering Contractors Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax108,44265,849
VAT19,83724,728
PAYE control-4,022
Salaries and wages control-43,881
Directors current account6,174-
Trade creditors4,67511,936
Other creditors1,7561,756
Accruals30,15945,903
171,043198,075
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr24,96434,799
Bank loans (secured) >1yr147,919154,101
Mortgage130,862140,567
Funding Circle Loan >1yr92,970132,895
Hire purchase >1yr42,57617,668
439,291480,030
8. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured-140,567
The bank loan is secured by a first legal charge on the property held in the company.

A & G Plastering Contractors Ltd

9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation142,413113,768
142,413113,768
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Class 1 shares of £1 each1010
1010
New shares issued during period:
9 Class 1 shares of £1 each9
11. CONTROLLING PARTY
The company is controlled by the director, A M Widdowson, who owns 50% of the issued share capital of the company.