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REGISTERED NUMBER: 04624871 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

AG DECORATING & PROPERTY REPAIRS LTD.

AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


AG DECORATING & PROPERTY REPAIRS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr A Gartside





SECRETARY: Mr J Gartside





REGISTERED OFFICE: 62 Beard Crescent
New Mills
High Peak
SK22 4LJ





REGISTERED NUMBER: 04624871 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,231 1,378

CURRENT ASSETS
Debtors 5 2,194 620
Cash at bank 8,500 7,500
10,694 8,120
CREDITORS
Amounts falling due within one year 6 10,329 9,707
NET CURRENT ASSETS/(LIABILITIES) 365 (1,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,596

(209

)

PROVISIONS FOR LIABILITIES 7 234 262
NET ASSETS/(LIABILITIES) 1,362 (471 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,262 (571 )
SHAREHOLDERS' FUNDS 1,362 (471 )

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 director acknowledges his 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.

AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





Mr A Gartside - Director


AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

AG Decorating & Property Repairs Limited (company number 04624871) is a private company limited by shares, registered in England and Wales. Its registered office is at 62 Beard Crescent, New Mills, High Peak, SK22 4LJ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements for the year ended 31 December 2016 are the first that comply with FRS 102 Section 1A "Smaller Entities". The date of transition is 1 January 2015. They have also been prepared in accordance with the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The transition to FRS 102 Section 1A for smaller entities has not resulted in any material changes in accounting policies or impacted on shareholders funds.

Turnover
Turnover represents invoiced sales for work done in the period, except in respect of service contracts where turnover is recognised when the company receives the right to consideration. Value added tax has not been charged as the company is not liable to be registered for value added tax. Turnover is recognised based on when the work done was actually undertaken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 3,525
Additions 100
Disposals (80 )
At 31 December 2024 3,545
DEPRECIATION
At 1 January 2024 2,147
Charge for year 194
Eliminated on disposal (27 )
At 31 December 2024 2,314
NET BOOK VALUE
At 31 December 2024 1,231
At 31 December 2023 1,378

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 2,110 620
Other debtors 84 -
2,194 620

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 302 -
Taxation and social security 458 472
Other creditors 9,569 9,235
10,329 9,707

7. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
£    £   
Deferred tax
Capital allowances in excess of depreciation 234 262

AG DECORATING & PROPERTY REPAIRS LTD. (REGISTERED NUMBER: 04624871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 262
Credit to Statement of Income and Retained Earnings during year (28 )
To profit and loss account
Balance at 31 December 2024 234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
100 Ordinary £1 100 100