IRIS Accounts Production v25.1.3.33 04375020 Board of Directors 30.9.24 1.10.23 30.9.24 30.9.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. 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. true true true false true true false false false true false Ordinary 0 "B" Ordinary shares 0 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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: A I A Sim
J Waller
Ms D James





SECRETARY: Ms D James





REGISTERED OFFICE: Unit D, Prospect House
The Hyde Business Park
Brighton
East Sussex
BN2 4JE





REGISTERED NUMBER: 04375020 (England and Wales)





AUDITORS: Feist Hedgethorne
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.

A I A Sim
J Waller
Ms D James

Other changes in directors holding office are as follows:

R J Turk - appointed 1 October 2023

R J Turk ceased to be a director after 30 September 2024 but prior to the date of this report.

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:





Ms D James - Director


17 June 2025

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.




Chris Morey (Senior Statutory Auditor)
for and on behalf of Feist Hedgethorne
Preston Park House
South Road
Brighton
East Sussex

18 June 2025

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 656,661 543,702
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 9 952,611 682,752
Investments 10 1 1
952,612 682,753

CURRENT ASSETS
Stocks 11 115,542 113,793
Debtors 12 3,044,923 3,458,365
Cash at bank and in hand 990,454 531,424
4,150,919 4,103,582
CREDITORS
Amounts falling due within one year 13 2,197,869 2,260,485
NET CURRENT ASSETS 1,953,050 1,843,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,905,662

2,525,850

CREDITORS
Amounts falling due after more than one
year

14

(176,588

)

(43,800

)

PROVISIONS FOR LIABILITIES 17 (223,070 ) (150,220 )
NET ASSETS 2,506,004 2,331,830

CAPITAL AND RESERVES
Called up share capital 18 150 150
Capital redemption reserve 19 50 50
Retained earnings 19 2,505,804 2,331,630
SHAREHOLDERS' FUNDS 2,506,004 2,331,830

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 17 June 2025 and were signed on its behalf by:





A I A Sim - Director


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 150 2,248,171 50 2,248,371

Changes in equity
Dividends - (418,670 ) - (418,670 )
Total comprehensive income - 502,129 - 502,129
Balance at 30 September 2023 150 2,331,630 50 2,331,830

Changes in equity
Dividends - (467,410 ) - (467,410 )
Total comprehensive income - 641,584 - 641,584
Balance at 30 September 2024 150 2,505,804 50 2,506,004

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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

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
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
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.
Improvements to property - 20% on cost and 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% on cost

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
398 423

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 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

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

AGS Support Services Limited
Registered office: Unit D Prospect House, The Hyde Business Park, The Hyde, Brighton, E Sussex.
Nature of business: Provision of Temporary staff
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 640,520 625,921
Profit for the year 114,599 241,573


11. STOCKS

Group Company
2024 2023 2024 2023
£    £    £    £   
Stocks 116,664 114,874 115,542 113,793

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 3,548,385 3,788,248 2,928,890 3,327,606
Other debtors 1,613 72 1,487 -
Connected company 3,533 3,379 3,533 3,379
Directors' current accounts 2,878 - 2,878 -
Prepayments 111,226 130,861 108,135 127,380
3,667,635 3,922,560 3,044,923 3,458,365

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 79,843 19,781
Trade creditors 100,506 134,400 91,944 130,950
Tax 162,380 141,498 119,110 70,352
Social security and other taxes 273,315 226,693 162,568 130,776
VAT 504,580 525,828 355,422 185,589
Other creditors - 645 - 645
Connected company - - 798,820 1,052,481
Directors' current accounts 280,344 380,566 280,344 380,566
Accrued expenses 853,059 796,249 309,818 289,345
2,254,027 2,225,660 2,197,869 2,260,485

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Hire purchase contracts (see note 15) 176,588 43,800 176,588 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 79,843 19,781
Between one and five years 176,588 43,800
256,431 63,581

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 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

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 223,070 150,220 223,070 150,220

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 150,220
Increase in provision for year 72,850
Balance at 30 September 2024 223,070

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50
100 "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 2,331,630 50 2,331,680
Profit for the year 641,584 641,584
Dividends (467,410 ) (467,410 )
At 30 September 2024 2,505,804 50 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.