AGS Electrical Services (UK) Ltd 09422974 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is is that of an electrician. Digita Accounts Production Advanced 6.30.9574.0 true true 09422974 2024-04-01 2025-03-31 09422974 2025-03-31 09422974 bus:OrdinaryShareClass1 2025-03-31 09422974 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 09422974 core:CurrentFinancialInstruments 2025-03-31 09422974 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09422974 core:FurnitureFittingsToolsEquipment 2025-03-31 09422974 core:MotorVehicles 2025-03-31 09422974 core:OtherPropertyPlantEquipment 2025-03-31 09422974 bus:SmallEntities 2024-04-01 2025-03-31 09422974 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09422974 bus:FilletedAccounts 2024-04-01 2025-03-31 09422974 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09422974 bus:RegisteredOffice 2024-04-01 2025-03-31 09422974 bus:Director1 2024-04-01 2025-03-31 09422974 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09422974 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09422974 bus:Agent1 2024-04-01 2025-03-31 09422974 core:ComputerEquipment 2024-04-01 2025-03-31 09422974 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09422974 core:MotorVehicles 2024-04-01 2025-03-31 09422974 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 09422974 core:PlantMachinery 2024-04-01 2025-03-31 09422974 countries:EnglandWales 2024-04-01 2025-03-31 09422974 2024-03-31 09422974 core:FurnitureFittingsToolsEquipment 2024-03-31 09422974 core:MotorVehicles 2024-03-31 09422974 core:OtherPropertyPlantEquipment 2024-03-31 09422974 2023-04-01 2024-03-31 09422974 2024-03-31 09422974 bus:OrdinaryShareClass1 2024-03-31 09422974 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 09422974 core:CurrentFinancialInstruments 2024-03-31 09422974 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09422974 core:FurnitureFittingsToolsEquipment 2024-03-31 09422974 core:MotorVehicles 2024-03-31 09422974 core:OtherPropertyPlantEquipment 2024-03-31 09422974 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company Registration Number: 09422974 (England and Wales)

AGS Electrical Services (UK) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

AGS Electrical Services (UK) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

AGS Electrical Services (UK) Ltd

Company Information

Director

Mr A K Bagga

Registered office

18 Hewens Road
Hayes
Middlesex
UB4 8JR

Accountants

Russell Phillips Limited
Chartered Accountants23 Station Road
Gerrards Cross
Buckinghamshire
SL9 8ES

 

AGS Electrical Services (UK) Ltd

(Registration number: 09422974)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

25,290

33,720

Current assets

 

Debtors

5

1,548

2,508

Cash at bank and in hand

 

85,038

78,544

 

86,586

81,052

Creditors: Amounts falling due within one year

6

(11,112)

(26,822)

Net current assets

 

75,474

54,230

Total assets less current liabilities

 

100,764

87,950

Provisions for liabilities

(4,805)

(6,407)

Net assets

 

95,959

81,543

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

95,958

81,542

Shareholders' funds

 

95,959

81,543

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mr A K Bagga
Director

 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Hewens Road
Hayes
Middlesex
UB4 8JR

These financial statements were authorised for issue by the director on 22 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% on cost

Computer Equipment

50% on cost

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

4,983

36,785

1,120

42,888

At 31 March 2025

4,983

36,785

1,120

42,888

Depreciation

At 1 April 2024

4,983

3,065

1,120

9,168

Charge for the year

-

8,430

-

8,430

At 31 March 2025

4,983

11,495

1,120

17,598

Carrying amount

At 31 March 2025

-

25,290

-

25,290

At 31 March 2024

-

33,720

-

33,720

5

Debtors

Current

2025
£

2024
£

Trade debtors

-

900

Prepayments

1,548

1,608

 

1,548

2,508

 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

-

2,833

Trade creditors

 

180

156

Taxation and social security

 

6,166

4,868

Accruals and deferred income

 

932

1,064

Other creditors

 

3,834

17,901

 

11,112

26,822

Creditors: amounts falling due after more than one year

2025
£

2024
£

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

8

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

-

2,833

9

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £1.00 per each Ordinary share

3,000

1,000

 

 
 

AGS Electrical Services (UK) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

12,570

12,500