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A.G.T. Electrical (Exeter) Limited

Unaudited financial statements for the year ended 31 December 2024


Company information

A.G.T. Electrical (Exeter) Limited is a private company limited by shares, registered in England and Wales, registered number 01176584.

The company's registered office is: Francis Close, Wardrew Road, Exeter, Devon, EX4 1HD, United Kingdom.

Balance Sheet

as at 31 December 2024

2024 2023
£ £
Fixed assets 109,572.70 121,530.70
Current assets 110,817.46 149,837.85
Creditors: amounts falling due within one year (33,949.02) (51,921.46)
Net current assets / (liabilities) 76,868.44 97,916.39
Total assets less current liabilities 186,441.14 219,447.09
Creditors: amounts falling due after more than one year (70,000.00) (70,000.00)
Accruals and deferred income (900.00) (1,081.00)
Net assets 115,541.14 148,366.09
Capital and reserves 115,541.14 148,366.09

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Directors' responsibilities:

Approved by the board of directors and signed on behalf of the board,

Martyn Hodge
18 June 2025

Notes to the accounts

  1. Average number of employees

    During the year the average number of employees was 5 (2023: 5).

  2. Director Advances Credits Note

    Director Related Transactions & Prior Year Adjustment note in compliance with FRS105. The Director, Michael Ireland: 1. Guaranteed the continuance of the business by paying the non returnable amount of £41968.00 (1/9/24 £20,000, 9/9/24 £20,000 and 10/9/24 £1968.)to AGT Electrical (EXETER) Limited due in relation to Corporation Tax due for the previous year where he had been the sole director for 8 months of the year. The amount due was calculated after HMRC had updated their tax information for the following year, online, this was after the 6th April 2024. This amount was adjusted through the Goodwill (balance after the sale of the company, as the amount was part of the sale). The corresponding amount was entered as a Debtor as due to be paid in the following year by Michael Ireland. 2. Michael Ireland, the Nominal Shareholding Director, guaranteed the continuance of the business by giving a loan of £75,000 to AGT Electrical (EXETER) Limited on in September 2023, £5000 was repaid during the year on 14th December 2023, leaving a balance of £70,000 as at 31st December 2023, and 31st December 2024. The Loan will be repaid within 10 years of the receipt of the loan.

  3. Director Guarantees Note

    Director Related Transactions & Prior Year Adjustment note in compliance with FRS105. The Director, Michael Ireland: 1. Guaranteed the continuance of the business by paying the non returnable amount of £41968.00 (1/9/24 £20,000, 9/9/24 £20,000 and 10/9/24 £1968.)to AGT Electrical (EXETER) Limited due in relation to Corporation Tax due for the previous year where he had been the sole director for 8 months of the year. The amount due was calculated after HMRC had updated their tax information for the following year, online, this was after the 6th April 2024. This amount was adjusted through the Goodwill (balance after the sale of the company, as the amount was part of the sale). 2. Michael Ireland, the Nominal Shareholding Director, guaranteed the continuance of the business by giving a loan of £75,000 to AGT Electrical (EXETER) Limited on 1st September 2023, £5000 was repaid during the year on 14th December 2023, leaving a balance of £70,000 as at 31st December 2023, and 31st December 2024. The Loan will be repaid within 10 years of 1st September 2023.

  4. Financial Commitments Note

    Grants & Levies An Apprenticeship Grant was received from Exeter University for £500 on 30th January 2024.