Registered number
04874289
A & G Home Improvements Limited
Report and Accounts
31 March 2025
A & G Home Improvements Limited
Registered number: 04874289
Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be the installation of windows and conservatories and other home improvements.
Directors
The following persons served as directors during the year:
G Whitfield
J Beasley
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 29 June 2025 and signed on its behalf.
Geoffrey Whitfield
Director
A & G Home Improvements Limited
Accountants' Report
Accountants' report to the directors of
A & G Home Improvements Limited
You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
S V H Bransby-Zachary FCA for B Z Alexander Ltd
Chartered Accountants
The Old Post Cottage
Denston
Newmarket
Suffolk
CB8 8PW
29 June 2025
A & G Home Improvements Limited
Profit and Loss Account
for the year ended 31 March 2025
2025 2024
£ £
Turnover 999,314 940,386
Cost of sales (706,430) (632,450)
Gross profit 292,884 307,936
Administrative expenses (204,377) (175,926)
Operating profit 88,507 132,010
Loss on the disposal of tangible fixed assets - (111)
Interest receivable 115 -
Interest payable (1,059) (1,059)
Profit before taxation 87,563 130,840
Tax on profit (22,997) (29,402)
Profit for the financial year 64,566 101,438
A & G Home Improvements Limited
Registered number: 04874289
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 23,099 30,797
Current assets
Stocks 26,587 32,640
Debtors 4 57,584 38,625
Cash at bank and in hand 47,340 37,636
131,511 108,901
Creditors: amounts falling due within one year 5 (129,543) (109,797)
Net current assets/(liabilities) 1,968 (896)
Net assets 25,067 29,901
Capital and reserves
Called up share capital 750 750
Revaluation reserve 6 250 250
Profit and loss account 24,067 28,901
Shareholders' funds 25,067 29,901
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.
Geoffrey Whitfield
Director
Approved by the board on 29 June 2025
A & G Home Improvements Limited
Statement of Changes in Equity
for the year ended 31 March 2025
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2023 750 - 250 63,463 64,463
Profit for the financial year 101,438 101,438
Dividends (136,000) (136,000)
At 31 March 2024 750 - 250 28,901 29,901
At 1 April 2024 750 - 250 28,901 29,901
Profit for the financial year 64,566 64,566
Dividends (69,400) (69,400)
At 31 March 2025 750 - 250 24,067 25,067
A & G Home Improvements Limited
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 At 25% reducing balance
Fixtures, fittings, tools and equipment At 25% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 15,450 99,849 115,299
At 31 March 2025 15,450 99,849 115,299
Depreciation
At 1 April 2024 13,444 71,058 84,502
Charge for the year 501 7,197 7,698
At 31 March 2025 13,945 78,255 92,200
Net book value
At 31 March 2025 1,505 21,594 23,099
At 31 March 2024 2,006 28,791 30,797
4 Debtors 2025 2024
£ £
Trade debtors 56,824 38,514
Other debtors 760 111
57,584 38,625
5 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts - 7,592
Trade creditors 79,434 47,302
Directors' accounts 2,629 4,356
Taxation and social security costs 39,772 46,641
Other creditors 7,708 3,906
129,543 109,797
6 Revaluation reserve 2025 2024
£ £
At 1 April 2024 250 250
At 31 March 2025 250 250
7 Other information
A & G Home Improvements Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Old Post Cottage
Denston
Newmarket
Suffolk
CB8 8PW
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