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REGISTERED NUMBER: 12012273 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ACG BROKING SERVICES LIMITED

ACG BROKING SERVICES LIMITED (REGISTERED NUMBER: 12012273)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACG BROKING SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Mr J Uzzell





SECRETARY: Mrs S Uzzell





REGISTERED OFFICE: 2 Imperial Square
Cheltenham
GL50 1QB





REGISTERED NUMBER: 12012273 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
7 Rockfield Business Park
Old Station Drive
Leckhampton
Cheltenham
GL53 0AN

ACG BROKING SERVICES LIMITED (REGISTERED NUMBER: 12012273)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,634 2,126

CURRENT ASSETS
Debtors 5 37,225 39,309
Cash at bank 2,662 -
39,887 39,309
CREDITORS
Amounts falling due within one year 6 (26,140 ) (23,927 )
NET CURRENT ASSETS 13,747 15,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,381

17,508

CREDITORS
Amounts falling due after more than one
year

7

(16,027

)

(16,730

)
NET ASSETS 354 778

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 254 678
354 778

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

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 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.

ACG BROKING SERVICES LIMITED (REGISTERED NUMBER: 12012273)

BALANCE SHEET - continued
31 May 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 22 January 2025 and were signed by:





Mr J Uzzell - Director


ACG BROKING SERVICES LIMITED (REGISTERED NUMBER: 12012273)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

ACG Broking Services 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

ACG BROKING SERVICES LIMITED (REGISTERED NUMBER: 12012273)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 1,305 4,454 5,759
Additions 350 1,199 1,549
At 31 May 2024 1,655 5,653 7,308
DEPRECIATION
At 1 June 2023 285 3,348 3,633
Charge for year 274 767 1,041
At 31 May 2024 559 4,115 4,674
NET BOOK VALUE
At 31 May 2024 1,096 1,538 2,634
At 31 May 2023 1,020 1,106 2,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,236 26,374
Other debtors 22,989 12,935
37,225 39,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,685 6,575
Taxation and social security 20,737 15,699
Other creditors 2,718 1,653
26,140 23,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,027 16,730

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 18,712 19,719