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REGISTERED NUMBER: 11006253 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AGM DECORATING LIMITED

AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGM DECORATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A G Meades
Mrs C L Meades





SECRETARY: Mrs C L Meades





REGISTERED OFFICE: Lothing House
Quay View Business Park
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 11006253 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 44,374 35,949

CURRENT ASSETS
Debtors 5 54,109 64,266
Cash at bank 44,402 33,479
98,511 97,745
CREDITORS
Amounts falling due within one year 6 (33,461 ) (29,223 )
NET CURRENT ASSETS 65,050 68,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,424

104,471

CREDITORS
Amounts falling due after more than one
year

7

(23,455

)

(32,271

)

PROVISIONS FOR LIABILITIES (5,458 ) (4,363 )
NET ASSETS 80,511 67,837

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 80,411 67,737
SHAREHOLDERS' FUNDS 80,511 67,837

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

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

AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A G Meades - Director


AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AGM DECORATING 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 37,013
Additions 13,617
At 31 March 2024 50,630
DEPRECIATION
At 1 April 2023 1,064
Charge for year 5,192
At 31 March 2024 6,256
NET BOOK VALUE
At 31 March 2024 44,374
At 31 March 2023 35,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 53,034 63,363
Other debtors 1,075 903
54,109 64,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 7,332 5,344
Taxation and social security 25,509 22,109
Other creditors 620 1,770
33,461 29,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 7,955 10,771
Other creditors 15,500 21,500
23,455 32,271

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £70,000 (2023 - £54,000) were paid to the directors .

The company operates a Loan account with the Directors and the balance at 31st March 2024 was £620.

AGM DECORATING LIMITED (REGISTERED NUMBER: 11006253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr A G Meades and Mrs C L Meades as holders of the share capital throughout the current period.