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Company Registration No. 9810710 (England and Wales)
A.G.S CASTINGS LTD Unaudited accounts for the year ended 31 December 2023
A.G.S CASTINGS LTD Unaudited accounts Contents
Page
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A.G.S CASTINGS LTD Company Information for the year ended 31 December 2023
Director
Mohamed Yassin Baboo
Company Number
9810710 (England and Wales)
Registered Office
32-38 LEMAN STREET LONDON E1 8EW UK
Accountants
Pendragon Business Consultants Llp 21 Millhouse Lane Winterton Scunthorpe North Lincolnshire DN15 9QP
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A.G.S CASTINGS LTD Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
7,607 
Current assets
Inventories
2,127 
Debtors
1,604,022 
Cash at bank and in hand
287 
1,606,436 
Creditors: amounts falling due within one year
(877,422)
Net current assets
729,014 
Total assets less current liabilities
736,621 
Creditors: amounts falling due after more than one year
(500,000)
Net assets
236,621 
Capital and reserves
Called up share capital
1,000 
Profit and loss account
235,621 
Shareholders' funds
236,621 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 28 February 2025 and were signed on its behalf by
Mohamed Yassin Baboo Director Company Registration No. 9810710
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A.G.S CASTINGS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
A.G.S CASTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 9810710. The registered office is 32-38 LEMAN STREET, LONDON, E1 8EW, UK.
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.
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:
Plant & machinery
12.5% Reducing balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
162,544 
95,369 
33,463 
291,376 
Revaluations
(30,000)
- 
- 
(30,000)
At 31 December 2023
132,544 
95,369 
33,463 
261,376 
Depreciation
At 1 January 2023
128,824 
59,780 
26,915 
215,519 
Charge for the year
500 
(650)
400 
250 
Surplus on revaluation
- 
33,000 
5,000 
38,000 
At 31 December 2023
129,324 
92,130 
32,315 
253,769 
Net book value
At 31 December 2023
3,220 
3,239 
1,148 
7,607 
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A.G.S CASTINGS LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
935,276 
Accrued income and prepayments
42,014 
Other debtors
209,667 
1,186,957 
Amounts falling due after more than one year
Trade debtors
417,065 
6
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
381,821 
VAT
58,140 
Trade creditors
163,642 
Loans from directors
273,819 
877,422 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Loans from directors
500,000 
8
Average number of employees
During the year the average number of employees was 2.
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