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Registered number: 04464583
Agar Hygiene Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04464583
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 119,000 138,750
Tangible Assets 5 40,500 50,625
159,500 189,375
CURRENT ASSETS
Stocks 6 90,111 96,467
Debtors 7 179,852 198,073
Cash at bank and in hand 87,373 183,113
357,336 477,653
Creditors: Amounts Falling Due Within One Year 8 (453,797 ) (449,301 )
NET CURRENT ASSETS (LIABILITIES) (96,461 ) 28,352
TOTAL ASSETS LESS CURRENT LIABILITIES 63,039 217,727
Creditors: Amounts Falling Due After More Than One Year 9 (6,638 ) (86,793 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,619 ) (9,619 )
NET ASSETS 46,782 121,315
CAPITAL AND RESERVES
Called up share capital 12 6 6
Share premium account 15,840 15,840
Profit and Loss Account 30,936 105,469
SHAREHOLDERS' FUNDS 46,782 121,315
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A G Khatri
Director
2nd May 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Agar Hygiene Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04464583 . The registered office is Unit V Castle Business Park, Hockey Close, Loughborough, Leicestershire, LE11 5GW.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of 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 value added tax, returns, rebates and discounts.
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill paid for the acquisition of business in 2019 is being amortised evenly over its estimated useful life of ten
years.
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
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.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are depreciated over their useful lives.
2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using weighted average cost method.
The cost of finished goods comprises those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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2.8. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2023: 9)
12 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 222,500
As at 30 June 2024 222,500
Amortisation
As at 1 July 2023 83,750
Provided during the period 19,750
As at 30 June 2024 103,500
Net Book Value
As at 30 June 2024 119,000
As at 1 July 2023 138,750
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5. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 118,579
As at 30 June 2024 118,579
Depreciation
As at 1 July 2023 67,954
Provided during the period 10,125
As at 30 June 2024 78,079
Net Book Value
As at 30 June 2024 40,500
As at 1 July 2023 50,625
6. Stocks
2024 2023
£ £
Stock 90,111 96,467
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 175,999 193,427
Other debtors 3,853 4,646
179,852 198,073
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,950 2,950
Trade creditors 98,367 127,494
Bank loans and overdrafts 5,484 2,037
Other creditors 306,880 266,376
Taxation and social security 40,116 50,444
453,797 449,301
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 6,638 9,588
Other creditors - 77,205
6,638 86,793
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10. Secured Creditors
Other creditors represents loan from company's pension scheme which is secured by way of fixed and floating charge against all the property or undertaking of the company.
The following secured debts are included within creditors:
2024 2023
£ £
Other Creditors - 77,205
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,950 2,950
Later than one year and not later than five years 6,638 9,588
9,588 12,538
9,588 12,538
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 6 6
13. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Philip Hunt (120,398 ) 11,730 (33,000 ) - (141,668 )
Mr Abdul Khatri (120,398 ) 11,730 (33,000 ) - (141,668 )
During the year the company paid rent of £42,000 (2023: £42,500) for the property which is owned by connected party.
All transactions were conducted on a normal commercial basis.
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