2023-06-01 NI059383 2024-05-31 NI059383 2023-06-01 2024-05-31 NI059383 2023-05-31 NI059383 2022-06-01 2023-05-31 NI059383 uk-core:WithinOneYear 2023-05-31 NI059383 uk-core:WithinOneYear 2024-05-31 NI059383 uk-core:ShareCapital 2024-05-31 NI059383 uk-core:ShareCapital 2023-05-31 NI059383 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI059383 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI059383 uk-bus:Director1 2023-06-01 2024-05-31 NI059383 uk-core:ComputerEquipment 2023-05-31 NI059383 uk-core:FurnitureFittings 2023-05-31 NI059383 uk-core:MotorVehicles 2023-05-31 NI059383 uk-core:PlantMachinery 2023-05-31 NI059383 uk-core:ComputerEquipment 2023-06-01 2024-05-31 NI059383 uk-core:FurnitureFittings 2023-06-01 2024-05-31 NI059383 uk-core:MotorVehicles 2023-06-01 2024-05-31 NI059383 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI059383 uk-core:MotorVehicles 2024-05-31 NI059383 uk-core:FurnitureFittings 2024-05-31 NI059383 uk-core:ComputerEquipment 2024-05-31 NI059383 uk-core:PlantMachinery 2024-05-31 NI059383 uk-core:AfterOneYear 2024-05-31 NI059383 uk-core:AfterOneYear 2023-05-31 iso4217:GBP xbrli:pure NI059383 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 NI059383 uk-bus:FRS102 2023-06-01 2024-05-31 NI059383 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 NI059383 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
AGC Retail Limited
Registered Number:NI059383
For the year ended 31 May 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 May 2024
AGC Retail Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI059383
As at 31 May 2024
AGC Retail Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
34,841
40,199
2
34,841
40,199
Current assets
Inventories
172,403
174,940
3
Trade and other receivables
33,600
37,362
4
413,691
Cash and cash equivalents
442,325
654,627
619,694
Trade and other payables: amounts falling due within one
year
(81,994)
(133,802)
5
537,700
520,825
Net current assets
Total assets less current liabilities
555,666
577,899
(6,548)
(7,550)
Provisions for liabilities
549,118
Net assets
570,349
Capital and reserves
Called up share capital
20,002
20,002
Retained earnings
529,116
550,347
549,118
570,349
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Calvin Director
These financial statements were approved and authorised for issue by the Board on 24 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
AGC Retail Limited
Notes to the Financial Statements
Statutory Information
AGC Retail Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI059383.
Registered address:
20 Main Street
Richhill
Armagh
BT61 9PW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 June 2023
163,193
3,854
8,100
72,000
79,239
2,880
-
-
-
2,880
Additions
At 31 May 2024
72,000
8,100
3,854
166,073
82,119
Provision for depreciation and impairment
At 01 June 2023
122,994
2,859
6,365
57,170
56,600
Charge for year
8,238
149
347
5,190
2,552
At 31 May 2024
131,232
3,008
6,712
62,360
59,152
At 31 May 2024
Net book value
22,967
9,640
1,388
846
34,841
At 31 May 2023
22,639
14,830
1,735
995
40,199
3. Inventories
2023
2024
£
£
Stocks
174,940
172,403
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5
For the year ended 31 May 2024
AGC Retail Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
7,362
3,600
Other debtors
30,000
30,000
33,600
37,362
The debtors above include the following amounts falling due after more than one year:
Other debtors
30,000
30,000
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
98,824
13,706
Taxation and social security
17,549
18,818
Other creditors
17,429
49,470
133,802
81,994
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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