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REGISTERED NUMBER: 10398879 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

AGB Energy Limited

AGB Energy Limited (Registered number: 10398879)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGB Energy Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: S Revin
Mrs M Revina





SECRETARY:





REGISTERED OFFICE: 1 Robin Close
London
NW7 3AF





REGISTERED NUMBER: 10398879 (England and Wales)





ACCOUNTANTS: Clearword Limited
1 Wrexham Road
Laindon
Basildon
Essex
SS15 6PX

AGB Energy Limited (Registered number: 10398879)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,849 54,435

CURRENT ASSETS
Debtors 5 1,610,615 3,107,613
Cash at bank 67,173 122,174
1,677,788 3,229,787
CREDITORS
Amounts falling due within one year 6 843,649 814,281
NET CURRENT ASSETS 834,139 2,415,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

874,988

2,469,941

CREDITORS
Amounts falling due after more than one
year

7

765,395

2,383,040
NET ASSETS 109,593 86,901

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 108,593 85,901
SHAREHOLDERS' FUNDS 109,593 86,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AGB Energy Limited (Registered number: 10398879)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:




S Revin - Director



Mrs M Revina - Director


AGB Energy Limited (Registered number: 10398879)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

AGB Energy 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AGB Energy Limited (Registered number: 10398879)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 66,325 10,791 77,116
Additions 30 - 30
At 30 September 2024 66,355 10,791 77,146
DEPRECIATION
At 1 October 2023 16,589 6,092 22,681
Charge for year 12,441 1,175 13,616
At 30 September 2024 29,030 7,267 36,297
NET BOOK VALUE
At 30 September 2024 37,325 3,524 40,849
At 30 September 2023 49,736 4,699 54,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 480,856 648,882
Amounts owed by group undertakings 522,971 1,907,567
VAT - 1,908
Prepayments and accrued income 606,788 549,256
1,610,615 3,107,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 5,732
Trade creditors 795,869 772,758
Tax 15,752 11,982
Social security and other taxes 127 -
VAT 1,698 -
Other creditors 740 -
Directors' current accounts 29,463 20,763
Accrued expenses - 3,046
843,649 814,281

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans more 5 yr by instal 49,511 90,351
Other loans - 1-2 years 715,884 2,292,689
765,395 2,383,040

AGB Energy Limited (Registered number: 10398879)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 49,511 90,351

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Revin.