Registered number
10046312
AGB Group (London) Ltd
Filleted Accounts
31 March 2025
AGB Group (London) Ltd
Registered number: 10046312
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 79,929 94,194
Current assets
Stocks 6,615 24,015
Debtors 4 81,550 124,548
Cash at bank and in hand 17,961 3,748
106,126 152,311
Creditors: amounts falling due within one year 5 (51,651) (45,275)
Net current assets 54,475 107,036
Total assets less current liabilities 134,404 201,230
Creditors: amounts falling due after more than one year 6 (52,199) (132,615)
Net assets 82,205 68,615
Capital and reserves
Called up share capital 100 100
Profit and loss account 82,105 68,515
Shareholders' funds 82,205 68,615
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. Angel Costinel Mogaldea
Director
Approved by the board on 8 May 2025
AGB Group (London) Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 27,883 132,452 160,335
Additions - 64,053 64,053
Disposals - (78,207) (78,207)
At 31 March 2025 27,883 118,298 146,181
Depreciation
At 1 April 2024 10,366 55,775 66,141
Charge for the year 876 3,145 4,021
On disposals - (3,910) (3,910)
At 31 March 2025 11,242 55,010 66,252
Net book value
At 31 March 2025 16,641 63,288 79,929
At 31 March 2024 17,517 76,677 94,194
4 Debtors 2025 2024
£ £
Other debtors - 23,483
Trade debtors 81,550 101,065
81,550 124,548
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - 3,066
Other taxes and social security costs 5,695 7,087
Other creditors 45,956 35,122
51,651 45,275
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 49,291
Obligations under finance lease and hire purchase contracts 52,199 83,324
52,199 132,615
7 Other information
AGB Group (London) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Grafton Way
London
W1T 5DB
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