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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
Page
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AGS DRYLINING LTD Company Information for the year ended 31 October 2024
Director
Kieran Mclennan
Company Number
12948381 (England and Wales)
Registered Office
122 TURNERS ROAD NORTH LUTON LU2 9AH ENGLAND
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AGS DRYLINING LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,337 
8,776 
Current assets
Debtors
20,409 
21,184 
Cash at bank and in hand
7,167 
3,238 
27,576 
24,422 
Creditors: amounts falling due within one year
(9,226)
(6,167)
Net current assets
18,350 
18,255 
Net assets
32,687 
27,031 
Capital and reserves
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
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AGS DRYLINING LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
£ 
Cost or valuation
At cost 
At 1 November 2023
10,970 
Additions
9,145 
At 31 October 2024
20,115 
Depreciation
At 1 November 2023
2,194 
Charge for the year
3,584 
At 31 October 2024
5,778 
Net book value
At 31 October 2024
14,337 
At 31 October 2023
8,776 
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AGS DRYLINING LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
9,226 
6,167 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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