3 01/03/2024 28/02/2025 2025-02-28 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2024-03-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 05355622 2024-03-01 2025-02-28 05355622 2025-02-28 05355622 2024-02-29 05355622 2023-03-01 2024-02-29 05355622 2024-02-29 05355622 2023-02-28 05355622 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 05355622 core:MotorVehicles 2024-03-01 2025-02-28 05355622 bus:RegisteredOffice 2024-03-01 2025-02-28 05355622 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 05355622 bus:Director1 2024-03-01 2025-02-28 05355622 bus:Director2 2024-03-01 2025-02-28 05355622 core:FurnitureFittingsToolsEquipment 2024-02-29 05355622 core:MotorVehicles 2024-02-29 05355622 core:FurnitureFittingsToolsEquipment 2025-02-28 05355622 core:MotorVehicles 2025-02-28 05355622 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 05355622 core:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 05355622 core:WithinOneYear 2025-02-28 05355622 core:WithinOneYear 2024-02-29 05355622 core:AfterOneYear 2025-02-28 05355622 core:AfterOneYear 2024-02-29 05355622 core:ShareCapital 2025-02-28 05355622 core:ShareCapital 2024-02-29 05355622 core:RetainedEarningsAccumulatedLosses 2025-02-28 05355622 core:RetainedEarningsAccumulatedLosses 2024-02-29 05355622 core:ShareCapital 2023-02-28 05355622 core:RetainedEarningsAccumulatedLosses 2023-02-28 05355622 core:PreviouslyStatedAmount core:ShareCapital 2025-02-28 05355622 core:FurnitureFittingsToolsEquipment 2024-02-29 05355622 bus:Director1 2024-02-29 05355622 bus:Director1 2025-02-28 05355622 bus:Director2 2024-02-29 05355622 bus:Director2 2025-02-28 05355622 bus:Director1 2023-02-28 05355622 bus:Director1 2024-02-29 05355622 bus:Director2 2023-02-28 05355622 bus:Director2 2024-02-29 05355622 bus:Director1 2023-03-01 2024-02-29 05355622 bus:Director2 2023-03-01 2024-02-29 05355622 bus:SmallEntities 2024-03-01 2025-02-28 05355622 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 05355622 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05355622 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05355622 bus:FullAccounts 2024-03-01 2025-02-28
Company registration number: 05355622
A G & Sons (UK) Ltd
Unaudited filleted financial statements
28 February 2025
A G & Sons (UK) Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
A G & Sons (UK) Ltd
Directors and other information
Directors Mr Jaimin Soni
Mr Ankitkumar Soni
Company number 05355622
Registered office Pentax House South Hill Avenue
South Harrow
Harrow
England
HA2 0DU
Business address Pentax House South Hill Avenue
South Harrow
Harrow
England
HA2 0DU
Accountants ACE Accounts & Tax Limited
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
Bankers HSBC Bank Plc
544 Kingsbury Road
Kingsbury
London
NW9 9EE
A G & Sons (UK) Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of A G & Sons (UK) Ltd
Year ended 28 February 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 28 February 2025 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
ACE Accounts & Tax Limited
Chartered Certified Accountants
2 Whittle Court
Knowlhill
Milton Keynes
MK5 8FT
A G & Sons (UK) Ltd
Statement of financial position
28 February 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 4,549 2,514
_______ _______
4,549 2,514
Current assets
Stocks 471,965 448,350
Debtors 6 118,344 69,353
Cash at bank and in hand 753 22,361
_______ _______
591,062 540,064
Creditors: amounts falling due
within one year 7 ( 475,161) ( 423,707)
_______ _______
Net current assets 115,901 116,357
_______ _______
Total assets less current liabilities 120,450 118,871
Creditors: amounts falling due
after more than one year 8 ( 62,500) ( 88,500)
_______ _______
Net assets 57,950 30,371
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,850 30,271
_______ _______
Shareholders funds 57,950 30,371
_______ _______
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 12 May 2025 , and are signed on behalf of the board by:
Mr Jaimin Soni Mr Ankitkumar Soni
Director Director
Company registration number: 05355622
A G & Sons (UK) Ltd
Statement of changes in equity
Year ended 28 February 2025
Called up share capital Profit and loss account Total
£ £ £
At 1 March 2023 100 11,973 12,073
Profit for the year 76,298 76,298
_______ _______ _______
Total comprehensive income for the year - 76,298 76,298
Dividends paid and payable ( 58,000) ( 58,000)
_______ _______ _______
Total investments by and distributions to owners - ( 58,000) ( 58,000)
_______ _______ _______
At 28 February 2024 and 1 March 2024 100 30,271 30,371
Profit for the year 85,579 85,579
_______ _______ _______
Total comprehensive income for the year - 85,579 85,579
Dividends paid and payable ( 58,000) ( 58,000)
_______ _______ _______
Total investments by and distributions to owners - ( 58,000) ( 58,000)
_______ _______ _______
At 28 February 2025 100 57,850 57,950
_______ _______ _______
A G & Sons (UK) Ltd
Notes to the financial statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A G & Sons (UK) Ltd, Pentax House South Hill Avenue, South Harrow, Harrow, England, HA2 0DU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment - 25 % straight line
Motor vehicle - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 March 2024 17,695 10,255 27,950
Additions 3,292 - 3,292
_______ _______ _______
At 28 February 2025 20,987 10,255 31,242
_______ _______ _______
Depreciation
At 1 March 2024 15,180 10,255 25,435
Charge for the year 1,258 - 1,258
_______ _______ _______
At 28 February 2025 16,438 10,255 26,693
_______ _______ _______
Carrying amount
At 28 February 2025 4,549 - 4,549
_______ _______ _______
At 28 February 2024 2,515 - 2,515
_______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 78,780 50,684
Other debtors 39,564 18,669
_______ _______
118,344 69,353
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 359,756 251,607
Corporation tax 25,020 21,658
Social security and other taxes 49,650 55,143
Other creditors 40,735 95,299
_______ _______
475,161 423,707
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 62,500 88,500
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Jaimin Soni ( 1,329) 78,290 ( 38,787) 38,174
Mr Ankitkumar Soni ( 96,305) 68,972 ( 33,683) ( 61,016)
_______ _______ _______ _______
( 97,634) 147,262 ( 72,470) ( 22,842)
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Jaimin Soni ( 16,217) 72,289 ( 57,401) ( 1,329)
Mr Ankitkumar Soni ( 111,282) 50,477 ( 35,500) ( 96,305)
_______ _______ _______ _______
( 127,499) 122,766 ( 92,901) ( 97,634)
_______ _______ _______ _______