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
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
A.G.S CASTINGS LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
287
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)
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
A.G.S CASTINGS LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2023
3,220
3,239
1,148
7,607
A.G.S CASTINGS LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Accrued income and prepayments
42,014
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
381,821
Loans from directors
273,819
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.