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REGISTERED NUMBER: 02044911 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

AGC (Commodity Store) Limited

AGC (Commodity Store) Limited (Registered number: 02044911)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

AGC (Commodity Store) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C J Rogers
A J Rogers
G T Piwowarczyk





SECRETARY: C J Rogers





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





BUSINESS ADDRESS: Unit 11Eurocourt
Oliver Close
Grays
West Thurrock
Essex
RM20 3EE





REGISTERED NUMBER: 02044911 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

AGC (Commodity Store) Limited (Registered number: 02044911)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,561 24,354

CURRENT ASSETS
Debtors 5 612,508 603,075
Cash at bank 712,262 563,759
1,324,770 1,166,834
CREDITORS
Amounts falling due within one year 6 159,637 117,072
NET CURRENT ASSETS 1,165,133 1,049,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,196,694

1,074,116

PROVISIONS FOR LIABILITIES 4,268 210
NET ASSETS 1,192,426 1,073,906

CAPITAL & RESERVES
Called up share capital 8 8,000 8,000
Capital redemption reserve 9 4,000 4,000
Retained earnings 9 1,180,426 1,061,906
SHAREHOLDERS' FUNDS 1,192,426 1,073,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by:





C J Rogers - Director


AGC (Commodity Store) Limited (Registered number: 02044911)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

AGC (Commodity Store) 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 value of goods sold and services provided in the period, net of 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.
Short leasehold - over the lease term
Motor vehicles - 20% on cost
Furniture & equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

AGC (Commodity Store) Limited (Registered number: 02044911)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Short Motor Furniture
leasehold vehicles & equipment Totals
£    £    £    £   
COST
At 1 January 2024 48,871 9,500 42,065 100,436
Additions - 22,460 - 22,460
Disposals - (9,500 ) - (9,500 )
At 31 December 2024 48,871 22,460 42,065 113,396
DEPRECIATION
At 1 January 2024 25,620 8,847 41,615 76,082
Charge for year 8,760 5,615 225 14,600
Eliminated on disposal - (8,847 ) - (8,847 )
At 31 December 2024 34,380 5,615 41,840 81,835
NET BOOK VALUE
At 31 December 2024 14,491 16,845 225 31,561
At 31 December 2023 23,251 653 450 24,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 365,035 331,423
Other debtors 86,495 91,521
Prepayments & accrued income 160,978 180,131
612,508 603,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,895 59,451
Corporation tax 51,196 4,524
Social security & other taxes 34,536 16,247
Director's current account 3 3
Accrued expenses 34,007 36,847
159,637 117,072

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 408,583 483,500
Between one and five years 673,125 971,625
1,081,708 1,455,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
8,000 Ordinary £1 8,000 8,000

AGC (Commodity Store) Limited (Registered number: 02044911)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 1,061,906 4,000 1,065,906
Profit for the year 149,520 - 149,520
Dividends (31,000 ) - (31,000 )
At 31 December 2024 1,180,426 4,000 1,184,426

10. ULTIMATE CONTROLLING PARTY

The controlling party is C J Rogers.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
AGC (Commodity Store) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AGC (Commodity Store) Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of AGC (Commodity Store) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AGC (Commodity Store) Limited and state those matters that we have agreed to state to the Board of Directors of AGC (Commodity Store) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGC (Commodity Store) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that AGC (Commodity Store) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AGC (Commodity Store) Limited. You consider that AGC (Commodity Store) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AGC (Commodity Store) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


2 May 2025