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REGISTERED NUMBER: 07422703 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2024

for

Aggrecom Limited

Aggrecom Limited (Registered number: 07422703)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aggrecom Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R L Fox
M Scott
Mrs K Fox





SECRETARY: Mrs K Fox





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





BUSINESS ADDRESS: Plot 2 Foundry Park
Crompton Road
Ilkeston
Derbyshire
DE7 4BG





REGISTERED NUMBER: 07422703 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Aggrecom Limited (Registered number: 07422703)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,981,457 1,787,556

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 2,363,614 1,649,108
Cash at bank 327,334 524,412
2,695,948 2,178,520
CREDITORS
Amounts falling due within one year 6 2,701,445 1,977,277
NET CURRENT (LIABILITIES)/ASSETS (5,497 ) 201,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,975,960

1,988,799

CREDITORS
Amounts falling due after more than one
year

7

(660,494

)

(580,772

)

PROVISIONS FOR LIABILITIES (495,000 ) (433,000 )
NET ASSETS 820,466 975,027

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 819,466 974,027
SHAREHOLDERS' FUNDS 820,466 975,027

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

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

Aggrecom Limited (Registered number: 07422703)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





R L Fox - Director


Aggrecom Limited (Registered number: 07422703)

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

1. STATUTORY INFORMATION

Aggrecom 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 amounts (excluding value added tax) derived from the provision of services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:

Plant and machinery15% on reducing balance
Motor vehicles 25% on reducing balance
Office equipment33% straight line
Fixtures and fittings15% on reducing balance
Leasehold propertyover 10 years
Improvements to propertyover 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 36 (2023 - 36 ) .

Aggrecom Limited (Registered number: 07422703)

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

4. TANGIBLE FIXED ASSETS
Improvements
Leasehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 7,718 213,200 1,576,890
Additions - 5,622 766,674
Disposals - - (399,485 )
At 31 October 2024 7,718 218,822 1,944,079
DEPRECIATION
At 1 November 2023 3,087 23,549 413,188
Charge for year 772 21,479 245,357
Eliminated on disposal - - (178,130 )
At 31 October 2024 3,859 45,028 480,415
NET BOOK VALUE
At 31 October 2024 3,859 173,794 1,463,664
At 31 October 2023 4,631 189,651 1,163,702

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 57,609 748,572 12,634 2,616,623
Additions - 83,031 187 855,514
Disposals - (261,556 ) - (661,041 )
At 31 October 2024 57,609 570,047 12,821 2,811,096
DEPRECIATION
At 1 November 2023 21,949 355,730 11,564 829,067
Charge for year 5,349 80,114 965 354,036
Eliminated on disposal - (175,334 ) - (353,464 )
At 31 October 2024 27,298 260,510 12,529 829,639
NET BOOK VALUE
At 31 October 2024 30,311 309,537 292 1,981,457
At 31 October 2023 35,660 392,842 1,070 1,787,556


Aggrecom Limited (Registered number: 07422703)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,181,637 1,458,613
Other debtors 1,657 1,144
Owed by related parties 56,662 55,801
Directors' loan account - 30,082
Prepayments 123,658 103,468
2,363,614 1,649,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 555,869 509,986
Trade creditors 1,290,090 670,391
Amounts owed to group undertakings 345,961 378,646
Tax 73,864 87,765
Social security and other taxes 163,869 94,023
Other creditors 67,761 77,504
Accrued expenses 194,031 148,962
Bank loans 10,000 10,000
2,701,445 1,977,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-5 years 8,334 18,333
Hire purchase contracts (see note 8) 652,160 562,439
660,494 580,772

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 555,869 509,986
Between one and five years 652,160 562,439
1,208,029 1,072,425

Aggrecom Limited (Registered number: 07422703)

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

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 80,000 80,000
Between one and five years 320,000 320,000
In more than five years 66,667 146,667
466,667 546,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,208,029 1,072,425

Hire purchase creditors are secured on the related asset.