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REGISTERED NUMBER: 01115627 (England and Wales)













A G PRECISION (HUNTINGDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


A G PRECISION (HUNTINGDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D S Galpin
P C Galpin





SECRETARY: P C Galpin





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 01115627 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,484 61,055

CURRENT ASSETS
Stocks 1,650 1,580
Debtors 5 42,142 34,723
Cash at bank and in hand 22,565 59,642
66,357 95,945
CREDITORS
Amounts falling due within one year 6 44,978 53,379
NET CURRENT ASSETS 21,379 42,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,863

103,621

CREDITORS
Amounts falling due after more than one year 7 (13,933 ) (21,533 )

PROVISIONS FOR LIABILITIES 9 (9,537 ) (11,533 )
NET ASSETS 48,393 70,555

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,293 70,455
SHAREHOLDERS' FUNDS 48,393 70,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:




D S Galpin - Director



P C Galpin - Director


A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

A G Precision (Huntingdon) 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 represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 pays premiums to approved personal pension schemes in respect of the employees. Premiums are charged to the profit and loss account as they arise.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 245,804 31,212 26,495 303,511
DEPRECIATION
At 1 July 2023 208,608 21,480 12,368 242,456
Charge for year 5,579 1,460 3,532 10,571
At 30 June 2024 214,187 22,940 15,900 253,027
NET BOOK VALUE
At 30 June 2024 31,617 8,272 10,595 50,484
At 30 June 2023 37,196 9,732 14,127 61,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,078 30,706
Amounts recoverable on contract 1,486 1,473
Other debtors 2,578 2,544
42,142 34,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,600 7,600
Trade creditors 10,662 16,730
Taxation and social security 14,943 12,929
Other creditors 11,773 16,120
44,978 53,379

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,933 21,533

A G PRECISION (HUNTINGDON) LIMITED (REGISTERED NUMBER: 01115627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,000 16,400
Between one and five years 59,500 65,600
In more than five years - 8,200
76,500 90,200

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,537 11,533

Deferred
tax
£   
Balance at 1 July 2023 11,533
Accelerated capital allowances (1,996 )
Balance at 30 June 2024 9,537

10. RELATED PARTY DISCLOSURES

The controlling party is D S Galpin.