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Company Registration No. 14122629 (England and Wales)
AGS Mechanics Ltd Unaudited accounts for the year ended 31 May 2024
AGS Mechanics Ltd Unaudited accounts Contents
Page
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AGS Mechanics Ltd Company Information for the year ended 31 May 2024
Directors
Andrew Iain Simpson Gemmeni Ann Simpson
Company Number
14122629 (England and Wales)
Registered Office
29 REGENTS VIEW BLACKBURN BB1 8QQ ENGLAND
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AGS Mechanics Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,124 
4,859 
Current assets
Cash at bank and in hand
5,893 
10,817 
Creditors: amounts falling due within one year
(15,282)
(15,380)
Net current liabilities
(9,389)
(4,563)
Net (liabilities)/assets
(5,265)
296 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(5,365)
196 
Shareholders' funds
(5,265)
296 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Andrew Iain Simpson Director Company Registration No. 14122629
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AGS Mechanics Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
AGS Mechanics Ltd is a private company, limited by shares, registered in England and Wales, registration number 14122629. The registered office is 29 REGENTS VIEW, BLACKBURN, BB1 8QQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,074 
Additions
296 
At 31 May 2024
6,370 
Depreciation
At 1 June 2023
1,215 
Charge for the year
1,031 
At 31 May 2024
2,246 
Net book value
At 31 May 2024
4,124 
At 31 May 2023
4,859 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
576 
449 
Trade creditors
417 
2,468 
Taxes and social security
106 
- 
Loans from directors
14,183 
11,938 
Accruals
- 
525 
15,282 
15,380 
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AGS Mechanics Ltd Notes to the Accounts for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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