| REGISTERED NUMBER: 04375020 (England and Wales) |
| GROUP STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ANTI GRAFFITI SYSTEMS LIMITED |
| REGISTERED NUMBER: 04375020 (England and Wales) |
| GROUP STRATEGIC REPORT, |
| REPORT OF THE DIRECTORS AND |
| CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ANTI GRAFFITI SYSTEMS LIMITED |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Directors | 4 |
| Report of the Independent Auditors | 6 |
| Consolidated Income Statement | 10 |
| Consolidated Other Comprehensive Income | 11 |
| Consolidated Balance Sheet | 12 |
| Company Balance Sheet | 13 |
| Consolidated Statement of Changes in Equity | 14 |
| Company Statement of Changes in Equity | 15 |
| Consolidated Cash Flow Statement | 16 |
| Notes to the Consolidated Cash Flow Statement | 17 |
| Notes to the Consolidated Financial Statements | 18 |
| ANTI GRAFFITI SYSTEMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Preston Park House |
| South Road |
| Brighton |
| East Sussex |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The Directors present their Group Strategic Report together with the audited financial statements for the year ended 30 September 2024. |
| REVIEW OF BUSINESS |
| The principal activity of the parent company for the year under review was that a specialist cleaning contractor. The principal activity of its wholly owned subsidiary, AGS Support Services Limited, was that of a recruitment agency and training centre. |
| The Directors are pleased to report the profitability of the Group for the year. |
| The Directors will continue to monitor all aspects of the business and costs within the Group and will continue to review opportunities as they arise. |
| There are no planned changes to the Group's activities in 2023/2024 other than the expansion of our existing services. |
| Key Performance Indicators |
| 2024 | 2023 | Method of Calculation |
| Gross Profit (%) | 19.29 | 18.20 | Gross profit divided by turnover |
| Net Profit (%) | 5.17 | 4.58 | Net profit before tax divided by turnover |
| Capital expenditure (£'000) | 622 | 306 | Investment in capital items in the year |
| Movement in cash (£'000) | 459 | ( 15) | Net increase/(decrease) in cash |
| Average no. of staff | 438 | 423 | Average no. taken from payroll. |
| The Board and senior management also monitor non-financial key performance indicators, which include: customer satisfaction, as measured by independent third parties, diversity of workforce and monitor and report equality of gender in pay in accordance with government statistical requirements. |
| As a result of the performance for the year, the Group's net assets have increased by £189,251 (parent company by £174,174). Net current assets for the Group have increased by £125,036 (parent company by £109,953). |
| The overall net cash position has increased as a result of the Group's performance over the year . The cash position is reviewed daily by management and the Group continues to have a good relationship with its bankers. |
| Although the Group has access to bank overdraft facilities, these have not been utilised for many years. |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| GROUP STRATEGIC REPORT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| Like many businesses, the company (and Group) faces operational, commercial and financial risk. |
| Commercial risk includes: attracting new clients, retaining existing contracts at renewal, high inflation and the ability to pass on the cost of UK taxation policies to clients. Existing client risk is managed by maintaining strong customer relationships and delivering quality services. New clients are attracted through our offering a diverse services and problem-solving solutions. |
| Operational risk includes: maintaining and exceeding Health & Safety standards, providing quality services to clients, adhering to environmental regulations, retaining and expanding our multi-skilled workforce, developing an ethical and sustainable procurement system, embedding Modern Slavery regulations within our recruitment processes, and Information Technology threats. The company manages these risks through an established control framework, our ISO and continual improvement processes, accreditations to FORS, Cyber-essentials, RISQS, CHAS and other, together with internal and external audits. |
| Financial risk includes: market risk, credit risk, and liquidity risk. These financial risks are managed under policies approved by the Board of Directors. |
| ON BEHALF OF THE BOARD: |
| Director |
| 17 June 2025 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024. |
| DIVIDENDS |
| Interim dividends of £4,000 per ordinary share and £2674.10 per "B" Ordinary share were paid during the year. |
| The total dividends paid during the year were £467,410. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
| Other changes in directors holding office are as follows: |
| DISCLOSURE IN THE STRATEGIC REPORT |
| Certain matters required by regulation to be dealt with in the annual report have been dealt with in the Strategic Report rather than the Directors Report. These include principal risks and uncertainties and future developments. |
| GOING CONCERN |
| These Financial Statements are prepared on the basis that the Group is a going concern. |
| The Directors confirm that the Group remains a going concern. |
| EMPLOYMENT OF DISABLED PERSONS |
| Applications for employment by disabled persons are given full and fair consideration for all vacancies having regard to their particular aptitudes and abilities. |
| In the event of employees becoming disabled, every effort is made to retrain them in order that their employment within the group may continue. |
| EMPLOYEE INVOLVEMENT |
| The Group has continued its practice of keeping employees informed of matters affecting them as employees and the financial and economic factors affecting the performance of the Group. |
| QUALIFYING INDEMNITY PROVISION |
| The Group has granted indemnity to all Directors against liability in respect of proceedings brought by third parties, subject to the conditions set out in section 234 of the Companies Act 2006. Such qualifying third party indemnity provision remains in force as at the date of approving the Director's report. |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| REPORT OF THE DIRECTORS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
| AUDITORS |
| The auditors, Feist Hedgethorne, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ANTI GRAFFITI SYSTEMS LIMITED |
| Opinion |
| We have audited the financial statements of Anti Graffiti Systems Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ANTI GRAFFITI SYSTEMS LIMITED |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the parent company financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ANTI GRAFFITI SYSTEMS LIMITED |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
| - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
| - we identified the laws and regulations applicable to the company through discussions with the director and other management, and from our commercial knowledge and experience of the e-learning sector; |
| - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; |
| - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and |
| - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. |
| We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
| - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and |
| - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. |
| To address the risk of fraud through management bias and override of controls, we: |
| - performed analytical procedures to identify any unusual or unexpected relationships; |
| - tested journal entries to identify unusual transactions; |
| - investigated the rationale behind significant or unusual transactions. |
| In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
| - agreeing financial statement disclosures to underlying supporting documentation; |
| - reading the minutes of meetings of those charged with governance; |
| - enquiring of management as to actual and potential litigation and claims; and |
| - reviewing correspondence with HMRC, relevant regulators including the Health and Safety Executive, and the company's legal advisors, where applicable. |
| There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. |
| Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
| ANTI GRAFFITI SYSTEMS LIMITED |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Preston Park House |
| South Road |
| Brighton |
| East Sussex |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONSOLIDATED INCOME STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| TURNOVER | 17,259,324 | 15,581,209 |
| Cost of sales | 13,930,028 | 12,746,070 |
| GROSS PROFIT | 3,329,296 | 2,835,139 |
| Administrative expenses | 2,434,177 | 2,120,634 |
| OPERATING PROFIT | 4 | 895,119 | 714,505 |
| Interest payable and similar expenses | 5 | 3,228 | 1,110 |
| PROFIT BEFORE TAXATION | 891,891 | 713,395 |
| Tax on profit | 6 | 235,230 | 169,693 |
| PROFIT FOR THE FINANCIAL YEAR |
| Profit attributable to: |
| Owners of the parent | 656,661 | 543,702 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONSOLIDATED OTHER COMPREHENSIVE INCOME |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR | 656,661 | 543,702 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
656,661 |
543,702 |
| Total comprehensive income attributable to: |
| Owners of the parent | 656,661 | 543,702 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONSOLIDATED BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 | 952,611 | 682,752 |
| Investments | 10 | - | - |
| 952,611 | 682,752 |
| CURRENT ASSETS |
| Stocks | 11 | 116,664 | 114,874 |
| Debtors | 12 | 3,667,635 | 3,922,560 |
| Cash at bank and in hand | 1,063,776 | 657,244 |
| 4,848,075 | 4,694,678 |
| CREDITORS |
| Amounts falling due within one year | 13 | 2,254,027 | 2,225,660 |
| NET CURRENT ASSETS | 2,594,048 | 2,469,018 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
3,546,659 |
3,151,770 |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
(176,588 |
) |
(43,800 |
) |
| PROVISIONS FOR LIABILITIES | 17 | (223,070 | ) | (150,220 | ) |
| NET ASSETS | 3,147,001 | 2,957,750 |
| CAPITAL AND RESERVES |
| Called up share capital | 18 | 150 | 150 |
| Capital redemption reserve | 19 | 50 | 50 |
| Retained earnings | 19 | 3,146,801 | 2,957,550 |
| SHAREHOLDERS' FUNDS | 3,147,001 | 2,957,750 |
| The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by: |
| A I A Sim - Director |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| COMPANY BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 9 |
| Investments | 10 |
| CURRENT ASSETS |
| Stocks | 11 |
| Debtors | 12 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 13 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
14 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 17 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 18 |
| Capital redemption reserve | 19 |
| Retained earnings | 19 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 641,584 | 502,129 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONSOLIDATED STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up | Capital |
| share | Retained | redemption | Total |
| capital | earnings | reserve | equity |
| £ | £ | £ | £ |
| Balance at 1 October 2022 | 150 | 2,832,518 | 50 | 2,832,718 |
| Changes in equity |
| Dividends | - | (418,670 | ) | - | (418,670 | ) |
| Total comprehensive income | - | 543,702 | - | 543,702 |
| Balance at 30 September 2023 | 150 | 2,957,550 | 50 | 2,957,750 |
| Changes in equity |
| Dividends | - | (467,410 | ) | - | (467,410 | ) |
| Total comprehensive income | - | 656,661 | - | 656,661 |
| Balance at 30 September 2024 | 150 | 3,146,801 | 50 | 3,147,001 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| COMPANY STATEMENT OF CHANGES IN EQUITY |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Called up | Capital |
| share | Retained | redemption | Total |
| capital | earnings | reserve | equity |
| £ | £ | £ | £ |
| Balance at 1 October 2022 |
| Changes in equity |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2023 |
| Changes in equity |
| Dividends | - | ( |
) | - | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2024 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 1,439,799 | 874,706 |
| Interest element of hire purchase payments paid |
(3,228 |
) |
(1,110 |
) |
| Tax paid | (141,498 | ) | (112,594 | ) |
| Net cash from operating activities | 1,295,073 | 761,002 |
| Cash flows from investing activities |
| Purchase of tangible fixed assets | (622,422 | ) | (306,337 | ) |
| Sale of tangible fixed assets | 111,541 | 20,284 |
| Net cash from investing activities | (510,881 | ) | (286,053 | ) |
| Cash flows from financing activities |
| Capital repayments in year | 192,850 | (9,290 | ) |
| Amount introduced by directors | 245,395 | 568,164 |
| Amount withdrawn by directors | (348,495 | ) | (630,334 | ) |
| Equity dividends paid | (467,410 | ) | (418,670 | ) |
| Net cash from financing activities | (377,660 | ) | (490,130 | ) |
| Increase/(decrease) in cash and cash equivalents | 406,532 | (15,181 | ) |
| Cash and cash equivalents at beginning of year |
2 |
657,244 |
672,425 |
| Cash and cash equivalents at end of year | 2 | 1,063,776 | 657,244 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 2024 | 2023 |
| £ | £ |
| Profit before taxation | 891,891 | 713,395 |
| Depreciation charges | 232,028 | 162,750 |
| Loss on disposal of fixed assets | 8,993 | 24,337 |
| Finance costs | 3,228 | 1,110 |
| 1,136,140 | 901,592 |
| Increase in stocks | (1,790 | ) | (23,252 | ) |
| Decrease in trade and other debtors | 257,804 | 122,000 |
| Increase/(decrease) in trade and other creditors | 47,645 | (125,634 | ) |
| Cash generated from operations | 1,439,799 | 874,706 |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 30 September 2024 |
| 30.9.24 | 1.10.23 |
| £ | £ |
| Cash and cash equivalents | 1,063,776 | 657,244 |
| Year ended 30 September 2023 |
| 30.9.23 | 1.10.22 |
| £ | £ |
| Cash and cash equivalents | 657,244 | 672,425 |
| 3. | ANALYSIS OF CHANGES IN NET FUNDS |
| At 1.10.23 | Cash flow | At 30.9.24 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 657,244 | 406,532 | 1,063,776 |
| 657,244 | 406,532 | 1,063,776 |
| Debt |
| Finance leases | (63,581 | ) | (192,850 | ) | (256,431 | ) |
| (63,581 | ) | (192,850 | ) | (256,431 | ) |
| Total | 593,663 | 213,682 | 807,345 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Anti Graffiti Systems Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| Monetary amounts in these financial statements are rounded to the nearest pound. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Financial Reporting Standard 102 - reduced disclosure exemptions |
| In preparing these financial statements of the Group, advantage has been taken of the following disclosure exemptions available in FRS 102: |
| No cash flow statement has been prepared for the parent company alone; and |
| No disclosure has been given for the aggregate remuneration of Employees, key management personnel and Directors as their remuneration is included in the totals for the group as a whole. |
| Basis of consolidation |
| The consolidated financial statements present the results of the company and its subsidiary ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. |
| Turnover |
| Turnover represents amounts chargeable to customers for services and materials provided during the year, inclusive of direct expenses incurred on customer assignments but excluding value added tax. |
| Turnover is recognised when a right to consideration has been obtained through performance under each contract. Consideration accrues as contract activity progresses by reference to the value of the work performed. |
| Unbilled revenue is included in debtors as "accrued income" within trade debtors. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks consist of cleaning materials, workwear and health and safety products. |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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. |
| 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 group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate. |
| Holiday pay |
| A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance Sheet Date and carried forward to future periods. |
| This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance Sheet Date. |
| 3. | EMPLOYEES AND DIRECTORS |
| 2024 | 2023 |
| £ | £ |
| Wages and salaries | 10,534,731 | 9,944,962 |
| Social security costs | 957,360 | 854,072 |
| Other pension costs | 172,024 | 161,882 |
| 11,664,115 | 10,960,916 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS - continued |
| The average number of employees during the year was as follows: |
| 2024 | 2023 |
| Direct staff | 121 | 109 |
| Temporary Agency Workers | 251 | 291 |
| Administrative Staff | 22 | 20 |
| Directors | 4 | 3 |
| 2024 | 2023 |
| £ | £ |
| Directors' remuneration | 191,425 | 112,600 |
| Directors' pension contributions to money purchase schemes | 2,860 | 2,816 |
| The number of directors to whom retirement benefits were accruing was as follows: |
| Money purchase schemes | 4 | 3 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2024 | 2023 |
| £ | £ |
| Machinery expenses & tools | 108,117 | 91,901 |
| Depreciation - owned assets | 193,985 | 143,553 |
| Depreciation - assets on hire purchase contracts | 38,044 | 19,198 |
| Loss on disposal of fixed assets | 8,993 | 24,337 |
| Auditors' remuneration | 16,500 | 14,350 |
| Auditors' remuneration for non audit work | - | 4,150 |
| Other assurance services | - | 3,500 |
| Operating lease payments - Rent | 168,440 | 227,364 |
| Operating lease payments - Hire of plant & equipment | 10,610 | 15,544 |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £ | £ |
| Hire purchase | 3,228 | 1,110 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 6. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 2024 | 2023 |
| £ | £ |
| Current tax: |
| UK corporation tax | 162,380 | 141,497 |
| Deferred tax: |
| Deferred tax | 72,850 | 24,828 |
| Increase in deferred tax due to change in rate of tax | - | 3,368 |
| Total deferred tax | 72,850 | 28,196 |
| Tax on profit | 235,230 | 169,693 |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below: |
| 2024 | 2023 |
| £ | £ |
| Profit before tax | 891,891 | 713,395 |
| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2023 - 22.008 %) |
222,973 |
157,004 |
| Effects of: |
| Expenses not deductible for tax purposes | 12,257 | 9,561 |
| Capital allowances in excess of depreciation | - | (240 | ) |
| Increase in Deferred tax due to change in rate of tax | - | 3,368 |
| Total tax charge | 235,230 | 169,693 |
| 7. | INDIVIDUAL INCOME STATEMENT |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 8. | DIVIDENDS |
| 2024 | 2023 |
| £ | £ |
| Ordinary shares of £1 each |
| Final | 200,000 | 210,000 |
| "B" Ordinary shares shares of £1 each |
| Final | 267,410 | 208,670 |
| 467,410 | 418,670 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 9. | TANGIBLE FIXED ASSETS |
| Group |
| Improvements |
| to | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2023 | 52,447 | 288,263 | 1,216,442 | 192,602 | 1,749,754 |
| Additions | - | 40,311 | 577,180 | 4,931 | 622,422 |
| Disposals | (33,202 | ) | (20,924 | ) | (226,717 | ) | - | (280,843 | ) |
| At 30 September 2024 | 19,245 | 307,650 | 1,566,905 | 197,533 | 2,091,333 |
| DEPRECIATION |
| At 1 October 2023 | 41,827 | 163,051 | 691,697 | 170,427 | 1,067,002 |
| Charge for year | 2,533 | 26,254 | 196,998 | 6,244 | 232,029 |
| Eliminated on disposal | (33,202 | ) | (11,277 | ) | (115,830 | ) | - | (160,309 | ) |
| At 30 September 2024 | 11,158 | 178,028 | 772,865 | 176,671 | 1,138,722 |
| NET BOOK VALUE |
| At 30 September 2024 | 8,087 | 129,622 | 794,040 | 20,862 | 952,611 |
| At 30 September 2023 | 10,620 | 125,212 | 524,745 | 22,175 | 682,752 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 | 24,950 | 102,611 | 127,561 |
| Additions | - | 238,362 | 238,362 |
| Transfer to ownership | (24,950 | ) | (14,305 | ) | (39,255 | ) |
| At 30 September 2024 | - | 326,668 | 326,668 |
| DEPRECIATION |
| At 1 October 2023 | 4,782 | 36,156 | 40,938 |
| Charge for year | - | 38,044 | 38,044 |
| Transfer to ownership | (4,782 | ) | (6,638 | ) | (11,420 | ) |
| At 30 September 2024 | - | 67,562 | 67,562 |
| NET BOOK VALUE |
| At 30 September 2024 | - | 259,106 | 259,106 |
| At 30 September 2023 | 20,168 | 66,455 | 86,623 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 9. | TANGIBLE FIXED ASSETS - continued |
| Company |
| Improvements |
| to | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| Transfer to ownership | (24,950 | ) | (14,305 | ) | (39,255 | ) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Transfer to ownership | (4,782 | ) | (6,638 | ) | (11,420 | ) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 10. | FIXED ASSET INVESTMENTS |
| Company |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiary |
| Registered office: Unit D Prospect House, The Hyde Business Park, The Hyde, Brighton, E Sussex. |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| 11. | STOCKS |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Stocks | 116,664 | 114,874 |
| 12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Trade debtors | 3,548,385 | 3,788,248 |
| Other debtors | 1,613 | 72 |
| Connected company | 3,533 | 3,379 | 3,533 | 3,379 |
| Directors' current accounts | 2,878 | - | 2,878 | - |
| Prepayments | 111,226 | 130,861 |
| 3,667,635 | 3,922,560 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Hire purchase contracts (see note 15) | 79,843 | 19,781 |
| Trade creditors | 100,506 | 134,400 |
| Tax | 162,380 | 141,498 |
| Social security and other taxes | 273,315 | 226,693 |
| VAT | 504,580 | 525,828 | 355,422 | 185,589 |
| Other creditors | - | 645 |
| Connected company | - | - | 798,820 | 1,052,481 |
| Directors' current accounts | 280,344 | 380,566 | 280,344 | 380,566 |
| Accrued expenses | 853,059 | 796,249 |
| 2,254,027 | 2,225,660 |
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Hire purchase contracts (see note 15) | 176,588 | 43,800 |
| 15. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Group |
| Hire purchase contracts |
| 2024 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year | 79,843 | 19,781 |
| Between one and five years | 176,588 | 43,800 |
| 256,431 | 63,581 |
| Company |
| Hire purchase contracts |
| 2024 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 15. | LEASING AGREEMENTS - continued |
| Group |
| Non-cancellable operating | leases |
| 2024 | 2023 |
| £ | £ |
| Within one year | 172,625 | 171,302 |
| Between one and five years | 607,763 | 863,305 |
| In more than five years | 388,688 | 28,504 |
| 1,169,076 | 1,063,111 |
| Company |
| Non-cancellable operating | leases |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 16. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Hire purchase contracts | 256,431 | 63,581 | 256,431 | 63,581 |
| The Hire purchase contracts are secured on the assets to which they relate. |
| 17. | PROVISIONS FOR LIABILITIES |
| Group | Company |
| 2024 | 2023 | 2024 | 2023 |
| £ | £ | £ | £ |
| Deferred tax |
| Accelerated capital allowances | 223,070 | 150,220 |
| Group |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 | 150,220 |
| Increase in provision | 72,850 |
| Balance at 30 September 2024 | 223,070 |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 17. | PROVISIONS FOR LIABILITIES - continued |
| Company |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 |
| Increase in provision for year | 72,850 |
| Balance at 30 September 2024 |
| 18. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 50 | 50 |
| "B" Ordinary shares | £1 | 100 | 100 |
| 150 | 150 |
| 19. | RESERVES |
| Group |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 October 2023 | 2,957,550 | 50 | 2,957,600 |
| Profit for the year | 656,661 | 656,661 |
| Dividends | (467,410 | ) | (467,410 | ) |
| At 30 September 2024 | 3,146,801 | 50 | 3,146,851 |
| Company |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 October 2023 | 2,331,680 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 30 September 2024 | 2,505,854 |
| 20. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Should the Company have a bank overdraft security is given by a fixed and floating charge over the assets of the Company. |
| Further security has also been given by a personal guarantee of A I A Sim. |
| ANTI GRAFFITI SYSTEMS LIMITED (REGISTERED NUMBER: 04375020) |
| NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 21. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements. |
| 22. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A I A Sim. |