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REGISTERED NUMBER: 13968877 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

AG TEQUILANA LTD

AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AG TEQUILANA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr A M Martinez
Mr G Cumpsty
Mr L S Dauncey



REGISTERED OFFICE: Hoad House
6 New Market Street
Ulverston
LA12 7LN



REGISTERED NUMBER: 13968877 (England and Wales)



BANKERS: Starling Bank
7th Floor
Norfolk House
31 St James's Square
London
SW1Y 4JR

AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,792 7,887
Tangible assets 5 12,579 11,829
17,371 19,716

CURRENT ASSETS
Stocks 95,821 49,421
Debtors 10,748 5,429
Cash at bank 2,117 119,858
108,686 174,708
CREDITORS
Amounts falling due within one year 145,051 91,775
NET CURRENT (LIABILITIES)/ASSETS (36,365 ) 82,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,994

)

102,649

CREDITORS
Amounts falling due after more than one
year

150,000

150,000
NET LIABILITIES (168,994 ) (47,351 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (169,094 ) (47,451 )
SHAREHOLDERS' FUNDS (168,994 ) (47,351 )

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.

AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





Mr A M Martinez - Director


AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)

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

1. STATUTORY INFORMATION

AG Tequilana Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 20% on cost
Computer equipment - 33% on cost

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 7,887
Disposals (2,562 )
At 30 June 2024 5,325
AMORTISATION
Amortisation for year 533
At 30 June 2024 533
NET BOOK VALUE

At 30 June 2024 4,792
At 30 June 2023 7,887

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 12,539
Additions 2,053
At 30 June 2024 14,592
DEPRECIATION
At 1 July 2023 710
Charge for year 1,303
At 30 June 2024 2,013
NET BOOK VALUE
At 30 June 2024 12,579
At 30 June 2023 11,829

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

At 30th June 2024 Mr A Martinez, a director of the company, had on an unsecured interest free basis advanced £247,879 (2023: £209,822) to the company.

Of this balance £96,129 is repayable on demand, the remaining £150,000 is a longer-term balance, which will not be withdrawn within 12 months following the balance sheet date.

AG TEQUILANA LTD (REGISTERED NUMBER: 13968877)

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A M Martinez.