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Registered Number: 09622763
England and Wales

 

 

 

AGL CONSTRUCTION SERVICES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Director Albert Doda
Registered Number 09622763
Registered Office 6-7 Waterside
Harpenden
AL5 4US
Accountants Cubed Consultancy Limited
6-7 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 67,227    55,926 
67,227    55,926 
Current assets      
Debtors 4 684,055    180,639 
Cash at bank and in hand 14,515    262,353 
698,570    442,992 
Creditors: amount falling due within one year 5 (380,957)   (248,456)
Net current assets 317,613    194,536 
 
Total assets less current liabilities 384,840    250,462 
Creditors: amount falling due after more than one year 6 (57,465)   (93,537)
Provisions for liabilities 7 (5,110)  
Net assets 322,265    156,925 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 322,264    156,924 
Shareholders' funds 322,265    156,925 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 June 2025 and were signed on its behalf by:


-------------------------------
Albert Doda
Director
2
General Information
AGL Construction Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09622763, registration address 6-7 Waterside, Harpenden, AL5 4US.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Change in accounting policy
The company transitioned to FRS 102 (Section 1A) on 1 July 2023. This transition involved adopting a new policy for recognizing deferred tax. No change to comparative figures as insignificant adjustment required.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
In respect of long-term contracts and contracts for on-going services, turnover represents the total value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 July 2023 68,415    25,472    93,887 
Additions 25,000    474    25,474 
Disposals    
At 30 June 2024 93,415    25,946    119,361 
Depreciation
At 01 July 2023 24,927    13,034    37,961 
Charge for year 11,614    2,559    14,173 
On disposals    
At 30 June 2024 36,541    15,593    52,134 
Net book values
Closing balance as at 30 June 2024 56,874    10,353    67,227 
Opening balance as at 01 July 2023 43,488    12,438    55,926 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 308,815    108,535 
Other Debtors 375,240    72,104 
684,055    180,639 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 18,534    78,930 
Bank Loans & Overdrafts 26,909    26,909 
Taxation and Social Security 241,297    81,412 
Obligations under HP/Financial Leases 6,490    4,590 
Other Creditors 87,727    56,615 
380,957    248,456 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 44,849    71,758 
Obligations under HP/Financial Leases 12,616    21,779 
57,465    93,537 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 5,110   
5,110   

8.

Floating Charge

There is a floating charge over the company assets, in relation to an outstanding loan.
3