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REGISTERED NUMBER: 12070712 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

AGLC LTD

AGLC LTD (REGISTERED NUMBER: 12070712)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGLC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: P L Alston
S P Graham





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
United Kingdom
Lancashire
PR1 6AS





REGISTERED NUMBER: 12070712 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

AGLC LTD (REGISTERED NUMBER: 12070712)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 382,275 130,403
Tangible assets 5 133,488 49,321
515,763 179,724

CURRENT ASSETS
Stocks 6 15,000 4,000
Debtors 7 55,003 32,191
Cash at bank 65,525 14,208
135,528 50,399
CREDITORS
Amounts falling due within one year 8 (254,095 ) (152,973 )
NET CURRENT LIABILITIES (118,567 ) (102,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES 397,196 77,150

CREDITORS
Amounts falling due after more than
one year

9

(366,644

)

(82,638

)

PROVISIONS FOR LIABILITIES 11 (16,908 ) (1,398 )
NET ASSETS/(LIABILITIES) 13,644 (6,886 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 13,544 (6,986 )
SHAREHOLDERS' FUNDS 13,644 (6,886 )

AGLC LTD (REGISTERED NUMBER: 12070712)

BALANCE SHEET - continued
31ST MARCH 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2025 and were signed on its behalf by:




P L Alston - Director



S P Graham - Director


AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

AGLC Ltd 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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisitions of businesses in 2019, 2022 and 2024, are being amortised evenly over an estimated useful life of twenty years.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024 156,253
Additions 262,973
At 31st March 2025 419,226
AMORTISATION
At 1st April 2024 25,850
Charge for year 11,101
At 31st March 2025 36,951
NET BOOK VALUE
At 31st March 2025 382,275
At 31st March 2024 130,403

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2024 14,284 5,021 68,985 3,251 91,541
Additions 9,759 520 90,127 6,102 106,508
At 31st March 2025 24,043 5,541 159,112 9,353 198,049
DEPRECIATION
At 1st April 2024 10,102 4,280 25,296 2,542 42,220
Charge for year 3,225 495 17,229 1,392 22,341
At 31st March 2025 13,327 4,775 42,525 3,934 64,561
NET BOOK VALUE
At 31st March 2025 10,716 766 116,587 5,419 133,488
At 31st March 2024 4,182 741 43,689 709 49,321

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
Additions 90,127
Reclassification/transfer 68,985
At 31st March 2025 159,112
DEPRECIATION
Charge for year 17,229
Reclassification/transfer 25,296
At 31st March 2025 42,525
NET BOOK VALUE
At 31st March 2025 116,587

6. STOCKS
31.3.25 31.3.24
£    £   
Stocks 15,000 4,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 35,660 20,749
Amounts owed by group undertakings 622 -
Other debtors 18,721 11,442
55,003 32,191

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 3,942 29,008
Hire purchase contracts and finance leases (see note 10)
26,731

12,242
Trade creditors 19,870 28,765
Taxation and social security 29,807 18,285
Other creditors 173,745 64,673
254,095 152,973

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,502 5,581
Hire purchase contracts and finance leases (see note 10)
96,858

34,374
Other creditors 268,284 42,683
366,644 82,638

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
31.3.25 31.3.24 31.3.25 31.3.24
£    £    £    £   
Net obligations repayable:
Within one year 6,680 - 20,051 12,242
Between one and five years 41,709 - 55,149 34,374
48,389 - 75,200 46,616

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 15,592 11,581
Between one and five years 26,100 18,143
41,692 29,724

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


11. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 16,908 1,398

Deferred
tax
£   
Balance at 1st April 2024 1,398
Charge to Statement of Income and Retained Earnings during
year

15,510
Balance at 31st March 2025 16,908

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

13. RESERVES
Retained
earnings
£   

At 1st April 2024 (6,986 )
Profit for the year 74,530
Dividends (54,000 )
At 31st March 2025 13,544

AGLC LTD (REGISTERED NUMBER: 12070712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25 31.3.24
£    £   
S P Graham
Balance outstanding at start of year 8,659 (9,094 )
Amounts advanced 36,616 33,293
Amounts repaid (34,003 ) (15,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,272 8,659

The maximum balance the Directors Loan Account was overdrawn by during the year was £24,018. At the balance sheet date, amounts due from directors was £11,272 and were repayable on demand. Interest has been charged on overdrawn balances at the official rate.