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REGISTERED NUMBER: 13167148 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Ags Plumbing & Heating Services Ltd

Ags Plumbing & Heating Services Ltd (Registered number: 13167148)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Ags Plumbing & Heating Services Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A G Smith





REGISTERED OFFICE: Hill Croft
Betsham Road
Southfleet
Gravesend
Kent
DA13 9PD





REGISTERED NUMBER: 13167148 (England and Wales)





ACCOUNTANTS: Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ags Plumbing & Heating Services Ltd

The following reproduces the text of the report prepared for the director 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 Director 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 Ags Plumbing & Heating Services Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 director of Ags Plumbing & Heating Services Ltd in accordance with the terms of our engagement letter dated 24 October 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Ags Plumbing & Heating Services Ltd and state those matters that we have agreed to state to the director of Ags Plumbing & Heating Services Ltd 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 Ags Plumbing & Heating Services Ltd and its director for our work or for this report.

It is your duty to ensure that Ags Plumbing & Heating Services Ltd 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 Ags Plumbing & Heating Services Ltd. You consider that Ags Plumbing & Heating Services Ltd 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 Ags Plumbing & Heating Services Ltd. 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.






Charcroft Baker LLP
Chartered Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD


31 October 2024

Ags Plumbing & Heating Services Ltd (Registered number: 13167148)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,743 26,130

CURRENT ASSETS
Stocks 2,025 2,897
Debtors 5 40,115 11,694
Cash at bank 16,102 14,018
58,242 28,609
CREDITORS
Amounts falling due within one year 6 24,075 36,109
NET CURRENT ASSETS/(LIABILITIES) 34,167 (7,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,910

18,630

CREDITORS
Amounts falling due after more than one
year

7

(15,812

)

(19,015

)

PROVISIONS FOR LIABILITIES (611 ) (332 )
NET ASSETS/(LIABILITIES) 42,487 (717 )

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 42,387 (718 )
42,487 (717 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ags Plumbing & Heating Services Ltd (Registered number: 13167148)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 31 October 2024 and were signed by:





A G Smith - Director


Ags Plumbing & Heating Services Ltd (Registered number: 13167148)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ags Plumbing & Heating Services 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.

Turnover from the rendering of services is recognised when the service is performed.

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 - 25% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Ags Plumbing & Heating Services Ltd (Registered number: 13167148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 2,591 27,817 - 30,408
Additions 787 - 2,041 2,828
At 31 January 2024 3,378 27,817 2,041 33,236
DEPRECIATION
At 1 February 2023 1,134 3,144 - 4,278
Charge for year 561 3,144 510 4,215
At 31 January 2024 1,695 6,288 510 8,493
NET BOOK VALUE
At 31 January 2024 1,683 21,529 1,531 24,743
At 31 January 2023 1,457 24,673 - 26,130

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023
and 31 January 2024 27,817
DEPRECIATION
At 1 February 2023 3,144
Charge for year 3,144
At 31 January 2024 6,288
NET BOOK VALUE
At 31 January 2024 21,529
At 31 January 2023 24,673

Ags Plumbing & Heating Services Ltd (Registered number: 13167148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 354 174
Other debtors 39,761 11,520
40,115 11,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 3,203 2,999
Trade creditors 1,007 7,803
Taxation and social security 14,720 5,512
Other creditors 5,145 19,795
24,075 36,109

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 15,812 19,015

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £25,171 (2023: £8,692 CR) due from A G Smith in respect of his director's loan account. The loan is unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A G Smith.