2 2 Pro AGA Services Limited 09804360 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is boiler servicing Digita Accounts Production Advanced 6.30.9574.0 true 09804360 2023-10-01 2024-09-30 09804360 2024-09-30 09804360 bus:OrdinaryShareClass1 2024-09-30 09804360 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 09804360 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 09804360 core:CurrentFinancialInstruments 2024-09-30 09804360 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09804360 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 09804360 core:MotorVehicles 2024-09-30 09804360 bus:SmallEntities 2023-10-01 2024-09-30 09804360 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09804360 bus:FilletedAccounts 2023-10-01 2024-09-30 09804360 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09804360 bus:RegisteredOffice 2023-10-01 2024-09-30 09804360 bus:Director1 2023-10-01 2024-09-30 09804360 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 09804360 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09804360 core:MotorVehicles 2023-10-01 2024-09-30 09804360 countries:England 2023-10-01 2024-09-30 09804360 2023-09-30 09804360 core:MotorVehicles 2023-09-30 09804360 2022-10-01 2023-09-30 09804360 2023-09-30 09804360 bus:OrdinaryShareClass1 2023-09-30 09804360 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 09804360 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 09804360 core:CurrentFinancialInstruments 2023-09-30 09804360 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09804360 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 09804360 core:MotorVehicles 2023-09-30 xbrli:pure iso4217:GBP xbrli:shares

Pro AGA Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

Registration number: 09804360

 

Pro AGA Services Limited

Contents

Statement of financial position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Pro AGA Services Limited

(Registration number: 09804360)
Statement of financial position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

20,771

27,695

Current assets

 

Debtors

5

6,674

6,206

Cash at bank and in hand

 

426,908

343,035

 

433,582

349,241

Creditors: Amounts falling due within one year

6

(50,021)

(39,701)

Net current assets

 

383,561

309,540

Total assets less current liabilities

 

404,332

337,235

Creditors: Amounts falling due after more than one year

6

(6,537)

(13,668)

Net assets

 

397,795

323,567

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

397,695

323,467

Shareholders' funds

 

397,795

323,567

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

Approved and authorised by the Board on 9 March 2025 and signed on its behalf by:
 

.........................................
T Hatchard
Director

 

Pro AGA Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the Board on 9 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Pro AGA Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Pro AGA Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

50,350

50,350

At 30 September 2024

50,350

50,350

Depreciation

At 1 October 2023

22,655

22,655

Charge for the year

6,924

6,924

At 30 September 2024

29,579

29,579

Carrying amount

At 30 September 2024

20,771

20,771

At 30 September 2023

27,695

27,695

5

Debtors

Current

2024
£

2023
£

Trade debtors

2,966

6,206

Prepayments

3,708

-

 

6,674

6,206

 

Pro AGA Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,131

7,131

Taxation and social security

 

31,756

27,847

Accruals and deferred income

 

2,934

1,417

Other creditors

 

8,200

3,306

 

50,021

39,701

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

6,537

13,668

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Pro AGA Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

6,537

13,668

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

7,131

7,131