IRIS Accounts Production v25.1.3.33 07956871 Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities a Recruitment agency and training centre. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079568712023-09-30079568712024-09-30079568712023-10-012024-09-30079568712022-09-30079568712022-10-012023-09-30079568712023-09-3007956871ns15:EnglandWales2023-10-012024-09-3007956871ns14:PoundSterling2023-10-012024-09-3007956871ns10:Director12023-10-012024-09-3007956871ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3007956871ns10:MediumEntities2023-10-012024-09-3007956871ns10:Audited2023-10-012024-09-3007956871ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3007956871ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3007956871ns10:FullAccounts2023-10-012024-09-3007956871ns10:OrdinaryShareClass12023-10-012024-09-3007956871ns10:Director22023-10-012024-09-3007956871ns10:Director32023-10-012024-09-3007956871ns10:CompanySecretary12023-10-012024-09-3007956871ns10:RegisteredOffice2023-10-012024-09-3007956871ns5:CurrentFinancialInstruments2024-09-3007956871ns5:CurrentFinancialInstruments2023-09-3007956871ns5:ShareCapital2024-09-3007956871ns5:ShareCapital2023-09-3007956871ns5:RetainedEarningsAccumulatedLosses2024-09-3007956871ns5:RetainedEarningsAccumulatedLosses2023-09-3007956871ns5:ShareCapital2022-09-3007956871ns5:RetainedEarningsAccumulatedLosses2022-09-3007956871ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3007956871ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3007956871ns10:OrdinaryShareClass12022-10-012023-09-3007956871ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3007956871ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3007956871ns10:OrdinaryShareClass12024-09-3007956871ns5:RetainedEarningsAccumulatedLosses2023-09-30
REGISTERED NUMBER: 07956871 (England and Wales)










STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

AGS SUPPORT SERVICES LIMITED

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


AGS SUPPORT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A I A Sim
Ms D James
J Waller





SECRETARY: Ms D James





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





REGISTERED NUMBER: 07956871 (England and Wales)





AUDITORS: Feist Hedgethorne
Preston Park House
South Road
Brighton
East Sussex

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The Directors present their Strategic Report together with audited financial statements for the year ended 30 September 2024..

Principal activities, review of business and future developments

The principal activity of the company for the year under review was that of a recruitment agency and training centre.

The Directors are pleased to report the results of the company for the year.

The Directors will continue to monitor all aspects of the business and costs within the company and will continue to review opportunities as they arise.

There are no planned changes to the company's activities in 2024/25 other than expansion of our existing services.

Key Performance Indicators
2024 2023 Method Calculation

Gross Profit (%)

8.77%

10.03%


Gross profit divided by turnover
Net Profit (%) 2.36% 4.31% Net profit before tax divided by turnover
Movement in cash (£'000) (52 ) (126 ) Net increase/(decrease) in cash
Average no. of staff 259 298 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, % fulfilment of booking requests, diversity across candidate recruitment including BAME, and reporting equality of gender pay in accordance with government statistical requirements.

REVIEW OF FINANCIAL POSITION
The company's net assets and net current assets have increased by £14,599.

The overall net cash position has decreased as a result of the company's profitability and the movement of surplus funds to the holding company by means of a dividend. The cash position is reviewed daily by management and the company continues to have a good relationship with its bankers. The company does not currently have any bank borrowings.


AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Like many businesses, the company faces operational, commercial and financial risk.

Commercial risk includes: attracting new clients, retaining existing contracts, 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.

Operational risk includes: retaining and expanding our multi-skilled workforce, developing an ethical and sustainable procurement system, delivering a quality service, 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 Cyber-essentials, RISQS 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

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
No interim dividend was paid during the year. The directors recommend a final dividend of £100,000 per share.

The total distribution of dividends for the year ended 30 September 2024 will be £ 100,000 .

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
Ms D James
J Waller

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company'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 company'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:





A I A Sim - Director


17 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AGS SUPPORT SERVICES LIMITED

Opinion
We have audited the financial statements of AGS Support Services Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 30 September 2024 and of its 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 company 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 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 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 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 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
AGS SUPPORT SERVICES LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or
- the 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 four, 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 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 company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AGS SUPPORT SERVICES 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
AGS SUPPORT SERVICES 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

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 6,680,706 7,254,818

Cost of sales 6,094,716 6,527,408
GROSS PROFIT 585,990 727,410

Administrative expenses 428,121 414,691
OPERATING PROFIT and
PROFIT BEFORE TAXATION 157,869 312,719

Tax on profit 5 43,270 71,146
PROFIT FOR THE FINANCIAL YEAR 114,599 241,573

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 114,599 241,573


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

114,599

241,573

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 7 1,122 1,081
Debtors 8 1,421,532 1,516,676
Cash at bank 73,322 125,820
1,495,976 1,643,577
CREDITORS
Amounts falling due within one year 9 855,456 1,017,656
NET CURRENT ASSETS 640,520 625,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,520

625,921

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 640,519 625,920
SHAREHOLDERS' FUNDS 14 640,520 625,921

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


AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 1 584,347 584,348

Changes in equity
Dividends - (200,000 ) (200,000 )
Total comprehensive income - 241,573 241,573
Balance at 30 September 2023 1 625,920 625,921

Changes in equity
Dividends - (100,000 ) (100,000 )
Total comprehensive income - 114,599 114,599
Balance at 30 September 2024 1 640,519 640,520

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 118,648 99,911
Tax paid (71,146 ) (25,599 )
Net cash from operating activities 47,502 74,312

Cash flows from financing activities
Equity dividends paid (100,000 ) (200,000 )
Net cash from financing activities (100,000 ) (200,000 )

Decrease in cash and cash equivalents (52,498 ) (125,688 )
Cash and cash equivalents at beginning of
year

2

125,820

251,508

Cash and cash equivalents at end of year 2 73,322 125,820

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

NOTES TO THE 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 157,869 312,719
Increase in stocks (41 ) (71 )
Decrease in trade and other debtors 95,144 19,280
Decrease in trade and other creditors (134,324 ) (232,017 )
Cash generated from operations 118,648 99,911

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 73,322 125,820
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 125,820 251,508


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 125,820 (52,498 ) 73,322
125,820 (52,498 ) 73,322
Total 125,820 (52,498 ) 73,322

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

AGS Support Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents amounts chargeable to customers for services and labour 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 or labour supplied.

Unbilled revenue is included in debtors as "Amounts recoverable on contracts" within trade debtors.

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

Stocks consist of workwear.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Holiday pay
The Company recognises its liability for holiday pay due to Temporary workers within accruals where the liability is calculated to be on average 10.77% of every standard hour worked excluding overtime less the amount actually paid for holiday pay.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 5,622,704 5,965,911
Social security costs 461,419 463,067
Other pension costs 72,354 75,830
6,156,477 6,504,808

The average number of employees during the year was as follows:
2024 2023

Temporary agency workers 251 291
Administrative staff 8 7
259 298

2024 2023
£    £   
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Auditors' remuneration 8,000 6,500
Other assurance services - 3,500

5. 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 43,270 71,146
Tax on profit 43,270 71,146

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TAXATION - continued

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 157,869 312,719
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22.008%)

39,467

68,823

Effects of:
Expenses not deductible for tax purposes 3,803 2,323
Total tax charge 43,270 71,146

6. DIVIDENDS
2024 2023
£    £   
Ordinary share of £1
Final 100,000 200,000

7. STOCKS
2024 2023
£    £   
Stocks 1,122 1,081

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 619,495 460,642
Amounts owed by group undertakings 798,820 1,052,481
Other debtors 126 72
Prepayments 3,091 3,481
1,421,532 1,516,676

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,562 3,450
Tax 43,270 71,146
Social security and other taxes 110,747 95,917
VAT 149,158 340,239
Accrued expenses 543,719 506,904
855,456 1,017,656

AGS SUPPORT SERVICES LIMITED (REGISTERED NUMBER: 07956871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Retained
earnings
£   

At 1 October 2023 625,920
Profit for the year 114,599
Dividends (100,000 )
At 30 September 2024 640,519

12. ULTIMATE PARENT COMPANY

Anti Graffiti Systems Limited is regarded by the directors as being the company's ultimate parent company.

The registered office address and trading address of this Company is Unit D Prospect House, The Hyde Business Park, The Hyde, Brighton.

13. 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.

14. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 114,599 241,573
Dividends (100,000 ) (200,000 )
Net addition to shareholders' funds 14,599 41,573
Opening shareholders' funds 625,921 584,348
Closing shareholders' funds 640,520 625,921