AGM RCM Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13915111

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	4,935,822		4,224,927
Debtors	5	904		254,488
Cash at bank and in hand		64		880

		4,936,790		4,480,295
Creditors: Amounts Falling Due Within One Year	6	(2,801,323 )		(185,680 )

NET CURRENT ASSETS (LIABILITIES)			2,135,467		4,294,615

TOTAL ASSETS LESS CURRENT LIABILITIES			2,135,467		4,294,615

Creditors: Amounts Falling Due After More Than One Year	7		(2,575,919 )		(4,716,615 )

PROVISIONS FOR LIABILITIES
Provisions For Charges			(150,000 )		(150,000 )

NET LIABILITIES			(590,452 )		(572,000 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(590,453 )		(572,001 )

SHAREHOLDERS' FUNDS			(590,452)		(572,000)

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AGM RCM Limited

Balance Sheet (continued)

As At 30 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

D Gray Director	M Michael Director
23/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

AGM RCM Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13915111 . The registered office is Office Number 1 Number One Bristol, Lewins Mead, Bristol, BS1 2NJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees during the year was: NIL (2023: NIL)

4. Stocks

	2024	2023
	£	£
Work in progress	4,935,822	4,224,927

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	904	254,488

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	166,183	183,680
Other loans	2,631,540	-
Accruals and deferred income	3,600	2,000

	2,801,323	185,680

The other loan facility is secured by a fixed charge over the company's property known as Redcross Mews, Redcross Street, Bristol, BS2 0BB. The loan carries interest at the rate of 2% above the Bank of England base rate subject to a minimum rate of 6%. The final instalment is due in July 2025.

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AGM RCM Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 December 2024

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	2,575,919	2,359,170
Other loans	-	2,357,445

	2,575,919	4,716,615

The bank loan facility is secured by a fixed and floating charge over the company's assets and a personal guarantee from the directors S Gaiger and D Gray, limited to £250,000 plus interest costs and fees. The loan carries interest at the rate of 5.5% plus the Bank of England base rate subject to a minimum rate of 5.5%. The final instalment is due in August 2026.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Post Balance Sheet Events

In June 2025 AGM Holdings Limited acquired the entire share capital of the company from DG Consult (Galashiels) Limited thus becoming the controlling party.

In April 2025 the company agreed new loan terms in relation to its bank loan included in creditors due less than one year. The note included in other creditors due less than one year setting out the terms of the bank loan reflect the new terms.

10. Related Party Transactions

During the year the company repaid a loan of £239,250 to a company under common control. The loan is included in other debtors due less than one year. Within the year, the company was subject to a winding-up order and the directors have concluded it is unlikely the remaining loan balance will be repaid. The remaining balance of £10,000 is considered impaired and adjusted to the profit and loss.

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