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REGISTERED NUMBER: 11190008 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

AG DETAIL LIMITED

AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AG DETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: A D Goodwin





REGISTERED OFFICE: 98 Mumford Road
West Bergholt
Colchester
Essex
CO6 3BN





REGISTERED NUMBER: 11190008 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,818 5,241

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 3,571 3,133
Cash at bank 25,820 28,380
31,891 34,013
CREDITORS
Amounts falling due within one year 6 7,145 7,482
NET CURRENT ASSETS 24,746 26,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,564

31,772

CREDITORS
Amounts falling due after more than one
year

7

(2,512

)

(3,998

)

PROVISIONS FOR LIABILITIES (1,810 ) (930 )
NET ASSETS 30,242 26,844

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 30,241 26,843
30,242 26,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)

BALANCE SHEET - continued
29 FEBRUARY 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 25 November 2024 and were signed by:





A D Goodwin - Director


AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

AG Detail 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
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 1 (2023 - 1 ) .

AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 9,156 3,737 - 585 13,478
Additions - - 7,500 - 7,500
At 29 February 2024 9,156 3,737 7,500 585 20,978
DEPRECIATION
At 1 March 2023 5,336 2,506 - 395 8,237
Charge for year 764 246 1,875 38 2,923
At 29 February 2024 6,100 2,752 1,875 433 11,160
NET BOOK VALUE
At 29 February 2024 3,056 985 5,625 152 9,818
At 28 February 2023 3,820 1,231 - 190 5,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,615 1,554
Other debtors - rent deposit 583 583
Prepayments 1,373 996
3,571 3,133

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 1,491 1,454
Trade creditors 479 466
Corporation tax 2,670 3,850
Directors' current accounts 762 9
Accruals and deferred income 1,743 1,703
7,145 7,482

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 2,512 3,998

AG DETAIL LIMITED (REGISTERED NUMBER: 11190008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bounceback loan 1,491 1,454

Amounts falling due between one and two years:
Bounceback loan - 1-2 years 1,528 1,491

Amounts falling due between two and five years:
Bounceback loan - 2-5 years 984 2,507

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 7,538 8,838
Between one and five years 22,589 6,209
30,127 15,047

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,025 (2023 - £6,650) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is A D Goodwin.