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REGISTERED NUMBER: 05149763 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

AGW GROUP LIMITED

AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

AGW GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: Mr J Watts
Mr K P Dudmish
Mrs K V Dudmish



REGISTERED OFFICE: 10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



REGISTERED NUMBER: 05149763 (England and Wales)



ACCOUNTANTS: Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN



BANKERS: National Westminster Bank
22 Chantry Way
Andover
Hampshire
SP10 1LL

AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)

BALANCE SHEET
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,566 38,201

CURRENT ASSETS
Stocks 85,000 68,000
Debtors 5 258,883 305,643
Cash at bank 135,612 72,148
479,495 445,791
CREDITORS
Amounts falling due within one year 6 331,030 357,352
NET CURRENT ASSETS 148,465 88,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,031

126,640

CREDITORS
Amounts falling due after more than one
year

7

(165,836

)

(38,896

)

PROVISIONS FOR LIABILITIES (24,169 ) (2,911 )
NET ASSETS 88,026 84,833

CAPITAL AND RESERVES
Called up share capital 138 138
Retained earnings 87,888 84,695
SHAREHOLDERS' FUNDS 88,026 84,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Mr K P Dudmish - Director


AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

AGW Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Parent company
Andover Gas & Water Ltd is a subsidiary of AGW (Holdings) Ltd whose registered office is 10 St Ann Street, Salisbury, Wiltshire, SP1 2DN.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the provision of services associated with the construction industry.

Revenue is recognised upon completion of works once they have been approved and signed off by the client, at which time the significant risks and rewards of ownership of the work undertaken are transferred to the client.

Profit is recognised on long term contracts when the final outcome can be assessed with reasonable certainty by including turnover and related costs within the profit and loss account dependant on the stage of completion of the contract at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost

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.

Stocks
The company holds stocks of materials and consumables associated with the construction industry. Materials are ordered on a job by job basis as required. As materials and consumables are not subject to either physical or technological obsolescence they are valued at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the profit and loss account when there is objective evidence that the asset is impaired.

Cash and cash equivalents
These comprise cash at bank and other short-term highly liquid bank deposits.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 18,897 8,653 108,292 135,842
Additions 1,431 1,400 114,061 116,892
Disposals - - (17,300 ) (17,300 )
At 31 July 2024 20,328 10,053 205,053 235,434
DEPRECIATION
At 1 August 2023 17,445 8,082 72,114 97,641
Charge for year 813 575 24,139 25,527
Eliminated on disposal - - (17,300 ) (17,300 )
At 31 July 2024 18,258 8,657 78,953 105,868
NET BOOK VALUE
At 31 July 2024 2,070 1,396 126,100 129,566
At 31 July 2023 1,452 571 36,178 38,201

AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 38,476
Additions 114,061
At 31 July 2024 152,537
DEPRECIATION
At 1 August 2023 25,875
Charge for year 15,397
At 31 July 2024 41,272
NET BOOK VALUE
At 31 July 2024 111,265
At 31 July 2023 12,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 194,739 220,735
Other debtors 64,144 84,908
258,883 305,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 13,406 9,483
Hire purchase contracts (see note 8) 21,626 6,073
Trade creditors 62,606 113,378
Taxation and social security 91,363 81,030
Other creditors 142,029 147,388
331,030 357,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 38,089 25,263
Hire purchase contracts (see note 8) 127,747 13,633
165,836 38,896

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 21,626 6,073
Between one and five years 127,747 13,633
149,373 19,706

AGW GROUP LIMITED (REGISTERED NUMBER: 05149763)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 19,365 23,374
Between one and five years 38,000 57,365
57,365 80,739

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AGW GROUP LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AGW Group Limited for the year ended 31 July 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AGW Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AGW Group Limited and state those matters that we have agreed to state to the Board of Directors of AGW Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGW Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AGW Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AGW Group Limited. You consider that AGW Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AGW Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
10 St Ann Street
Salisbury
Wiltshire
SP1 2DN


23 October 2024