Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 06964482 Mr Darren Oliver-Harvie iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06964482 2023-03-31 06964482 2024-03-31 06964482 2023-04-01 2024-03-31 06964482 frs-core:CurrentFinancialInstruments 2024-03-31 06964482 frs-core:Non-currentFinancialInstruments 2024-03-31 06964482 frs-core:BetweenOneFiveYears 2024-03-31 06964482 frs-core:ComputerEquipment 2024-03-31 06964482 frs-core:ComputerEquipment 2023-04-01 2024-03-31 06964482 frs-core:ComputerEquipment 2023-03-31 06964482 frs-core:FurnitureFittings 2024-03-31 06964482 frs-core:FurnitureFittings 2023-04-01 2024-03-31 06964482 frs-core:FurnitureFittings 2023-03-31 06964482 frs-core:PlantMachinery 2024-03-31 06964482 frs-core:PlantMachinery 2023-04-01 2024-03-31 06964482 frs-core:PlantMachinery 2023-03-31 06964482 frs-core:WithinOneYear 2024-03-31 06964482 frs-core:ShareCapital 2024-03-31 06964482 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06964482 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06964482 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 06964482 frs-bus:SmallEntities 2023-04-01 2024-03-31 06964482 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06964482 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06964482 frs-bus:Director1 2023-04-01 2024-03-31 06964482 frs-countries:EnglandWales 2023-04-01 2024-03-31 06964482 2022-03-31 06964482 2023-03-31 06964482 2022-04-01 2023-03-31 06964482 frs-core:CurrentFinancialInstruments 2023-03-31 06964482 frs-core:Non-currentFinancialInstruments 2023-03-31 06964482 frs-core:BetweenOneFiveYears 2023-03-31 06964482 frs-core:WithinOneYear 2023-03-31 06964482 frs-core:ShareCapital 2023-03-31 06964482 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 06964482
AGS (Southeast) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06964482
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93,833 68,809
93,833 68,809
CURRENT ASSETS
Stocks 5 4,710 4,230
Debtors 6 32,171 41,551
Cash at bank and in hand 18,782 45,941
55,663 91,722
Creditors: Amounts Falling Due Within One Year 7 (116,612 ) (59,048 )
NET CURRENT ASSETS (LIABILITIES) (60,949 ) 32,674
TOTAL ASSETS LESS CURRENT LIABILITIES 32,884 101,483
Creditors: Amounts Falling Due After More Than One Year 8 (7,948 ) (18,611 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,828 ) (13,074 )
NET ASSETS 7,108 69,798
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 7,098 69,788
SHAREHOLDERS' FUNDS 7,108 69,798
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darren Oliver-Harvie
Director
03/10/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
AGS (Southeast) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06964482 . The registered office is The Old Barn, Off Wood Street, Swanley Village, Kent, BR8 7PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing basis
Fixtures & Fittings 15% on reducing basis
Computer Equipment 15% on reducing basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 101,898 999 6,857 109,754
Additions 40,772 812 - 41,584
As at 31 March 2024 142,670 1,811 6,857 151,338
Depreciation
As at 1 April 2023 36,757 150 4,038 40,945
Provided during the period 15,887 249 424 16,560
As at 31 March 2024 52,644 399 4,462 57,505
Net Book Value
As at 31 March 2024 90,026 1,412 2,395 93,833
As at 1 April 2023 65,141 849 2,819 68,809
5. Stocks
2024 2023
£ £
Stock 4,710 4,230
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 29,955 37,230
Other taxes and social security 2,216 811
Director's loan account - 3,510
32,171 41,551
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 10,663 10,663
Trade creditors 11,733 14,773
Corporation tax 7,763 20,603
VAT 3,788 13,009
Director's loan account 82,665 -
116,612 59,048
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 7,948 18,611
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 10,663 10,663
Later than one year and not later than five years 7,948 18,611
18,611 29,274
18,611 29,274
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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11. Related Party Transactions
Included in the Other Creditors is an amount owed from the company director Mr D Oliver-Harvie totalling £42,665 (2023 - £3,510 debtor), no interest is to be charged.
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