Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrue2023-04-013No description of principal activity3trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10673989 2023-04-01 2024-03-31 10673989 c:KeyManagementIndividualGroup1 2023-04-01 2024-03-31 10673989 2022-04-01 2023-03-31 10673989 2024-03-31 10673989 c:KeyManagementIndividualGroup1 c:OtherTransactionType1 2024-03-31 10673989 2023-03-31 10673989 d:Director1 2023-04-01 2024-03-31 10673989 c:PlantMachinery 2023-04-01 2024-03-31 10673989 c:PlantMachinery 2024-03-31 10673989 c:PlantMachinery 2023-03-31 10673989 c:PlantMachinery c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10673989 c:MotorVehicles 2023-04-01 2024-03-31 10673989 c:MotorVehicles 2024-03-31 10673989 c:MotorVehicles 2023-03-31 10673989 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10673989 c:ComputerEquipment 2023-04-01 2024-03-31 10673989 c:ComputerEquipment 2024-03-31 10673989 c:ComputerEquipment 2023-03-31 10673989 c:ComputerEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10673989 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 10673989 c:CurrentFinancialInstruments 2024-03-31 10673989 c:CurrentFinancialInstruments 2023-03-31 10673989 c:Non-currentFinancialInstruments 2024-03-31 10673989 c:Non-currentFinancialInstruments 2023-03-31 10673989 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 10673989 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 10673989 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 10673989 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 10673989 c:ShareCapital 2024-03-31 10673989 c:ShareCapital 2023-03-31 10673989 c:RetainedEarningsAccumulatedLosses 2024-03-31 10673989 c:RetainedEarningsAccumulatedLosses 2023-03-31 10673989 d:FRS102 2023-04-01 2024-03-31 10673989 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10673989 d:FullAccounts 2023-04-01 2024-03-31 10673989 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10673989 2 2023-04-01 2024-03-31 10673989 6 2023-04-01 2024-03-31 10673989 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 10673989










AG ADVISORY ASSOCIATES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
AG ADVISORY ASSOCIATES LTD
REGISTERED NUMBER: 10673989

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
40,078
46,862

Investments
 5 
625
2,500

  
40,703
49,362

Current assets
  

Stocks
  
13,010
13,010

Debtors: amounts falling due within one year
 6 
58,020
52,719

Bank and cash balances
  
42,001
500

  
113,031
66,229

Creditors: amounts falling due within one year
 7 
(64,798)
(50,324)

Net current assets
  
 
 
48,233
 
 
15,905

Total assets less current liabilities
  
88,936
65,267

Creditors: amounts falling due after more than one year
 8 
(24,716)
(31,835)

  

Net assets
  
64,220
33,432


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
64,100
33,312

  
64,220
33,432


Page 1

 
AG ADVISORY ASSOCIATES LTD
REGISTERED NUMBER: 10673989
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr A Gaunt
Director

Date: 30 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

AG Advisory Associates Ltd (“the Company”) is a private company limited by shares, incorporated in England and Wales under the Companies Act. 
The registered number and address of the registered office are given in the company information.
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).







4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost


At 1 April 2023
4,374
56,363
3,855
64,592



At 31 March 2024

4,374
56,363
3,855
64,592



Depreciation


At 1 April 2023
1,403
14,090
2,237
17,730


Charge for the year on owned assets
743
5,636
405
6,784



At 31 March 2024

2,146
19,726
2,642
24,514



Net book value



At 31 March 2024
2,228
36,637
1,213
40,078



At 31 March 2023
2,971
42,273
1,618
46,862

Page 7

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Investments in associates

£



Cost


At 1 April 2023
2,500


Disposals
(1,875)



At 31 March 2024
625




The company owns nil% (2023: 25%) of the shares of GMT Biogas Limited, a private company incorporated in England and Wales.
2,500 £1 shares in GMT Biogas Limited were exchanged for 625 £1 shares in GMT Biogas Holdings Limtied and consideration of £100,000.
The company now owns 10% (2023: nil) of GMT Biogas Holdings Limited, a private company incorporated in England and Wales.


6.


Debtors

2024
2023
£
£


Trade debtors
39,201
38,538

Other debtors
18,501
13,809

Prepayments and accrued income
318
372

58,020
52,719


Page 8

 
AG ADVISORY ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
468
321

Corporation tax
-
7,935

Other taxation and social security
2,428
-

Obligations under finance lease and hire purchase contracts
7,119
6,902

Other creditors
52,723
33,106

Accruals and deferred income
2,060
2,060

64,798
50,324


Obligations under finance lease and hire purchase contracts falling due within one year, totalling £7,119 (2023: £6,902) are secured against the asset to which they relate. 


8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Obligations under finance leases and hire purchase contracts
24,716
31,835

24,716
31,835


Obligations under finance lease and hire purchase contracts, falling due after more than one year,  totalling £24,716 (2023: £31,835) are secured against the asset to which they relate. 


9.


Related party transactions

Included within other debtors is an amount owed from ALNG Properties Ltd, a company controlled by the same individual, totalling £18,501 (2023: £13,258). This balance is unsecured, interest free and repayable on demand. 
Included within other creditors is a balance due to a director of the company totalling £38,487 (2023: £28,130). This balance is unsecured, interest free and repayable on demand. 
Included within other creditors is a balance due to a second director of the company totalling £5,236 (2023: £3,976). This balance is unsecured, interest free and repayable on demand. 
Included within other creditors is a balance due to a third director of the company totalling £9,000 (2023: £1,000). This balance is unsecured, interest free and repayable on demand. 

 
Page 9