Company Registration No. 12948381 (England and Wales)
AGS DRYLINING LTD
Unaudited accounts
for the year ended 31 October 2024
AGS DRYLINING LTD
Unaudited accounts
Contents
AGS DRYLINING LTD
Company Information
for the year ended 31 October 2024
Company Number
12948381 (England and Wales)
Registered Office
122 TURNERS ROAD NORTH
LUTON
LU2 9AH
ENGLAND
AGS DRYLINING LTD
Statement of financial position
as at 31 October 2024
Tangible assets
14,337
8,776
Cash at bank and in hand
7,167
3,238
Creditors: amounts falling due within one year
(9,226)
(6,167)
Net current assets
18,350
18,255
Called up share capital
1
1
Profit and loss account
32,686
27,030
Shareholders' funds
32,687
27,031
For the year ending 31 October 2024 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 April 2025 and were signed on its behalf by
Kieran Mclennan
Director
Company Registration No. 12948381
AGS DRYLINING LTD
Notes to the Accounts
for the year ended 31 October 2024
AGS DRYLINING LTD is a private company, limited by shares, registered in England and Wales, registration number 12948381. The registered office is 122 TURNERS ROAD NORTH, LUTON, LU2 9AH, ENGLAND.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
AGS DRYLINING LTD
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
20,409
21,184
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,227
5,168
Loans from directors
999
999
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).