REGISTERED NUMBER: 01048973 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Agercon Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

P A Chaplin

R A Chaplin

SECRETARY:

Ms N Taylor

REGISTERED OFFICE:

The Gables

Molescroft Road

Beverley

HU17 7DU

REGISTERED NUMBER:

01048973 (England and Wales)

ACCOUNTANTS:

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

BANKERS:

The Royal Bank of Scotland

5 Church Street

Sheffield

S1 1HF

FIXED ASSETS

Tangible assets

4

5,430,369

5,285,295

CURRENT ASSETS

Debtors

5

311,758

520,235

Cash at bank

413,686

333,029

725,444

853,264

CREDITORS

Amounts falling due within one year

6

349,104

365,277

NET CURRENT ASSETS

376,340

487,987

TOTAL ASSETS LESS CURRENT LIABILITIES

5,806,709

5,773,282

CREDITORS

Amounts falling due after more than one year

7

(1,837,768

)

(1,854,343

)

PROVISIONS FOR LIABILITIES

(607,209

)

(608,642

)

NET ASSETS

3,361,732

3,310,297

CAPITAL AND RESERVES

Called up share capital

9

100

100

Non-distributable reserve

10

1,805,138

1,805,138

Retained earnings

1,556,494

1,505,059

SHAREHOLDERS' FUNDS

3,361,732

3,310,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

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

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 29th September 2025 and were signed on its behalf by:

P A Chaplin - Director

1.	STATUTORY INFORMATION

Agercon 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Related party exemption

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, 15% on reducing balance and Straight line over 2 years

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2023 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1st January 2024

5,278,134

99,549

5,377,683

Additions

146,828

-

146,828

At 31st December 2024

5,424,962

99,549

5,524,511

DEPRECIATION

At 1st January 2024

-

92,388

92,388

Charge for year

-

1,754

1,754

At 31st December 2024

-

94,142

94,142

NET BOOK VALUE

At 31st December 2024

5,424,962

5,407

5,430,369

At 31st December 2023

5,278,134

7,161

5,285,295

Cost or valuation at 31st December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2000

101,348

-

101,348

Valuation in 2018

2,309,886

-

2,309,886

Cost

3,013,728

99,549

3,113,277

5,424,962

99,549

5,524,511

Land and Buildings were revalued during 2018 by Knight Frank LLP and company director P.A.Chaplin and he believes that there has been no material change since.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

12,374

11,367

Other debtors

145,000

-

Inter company accounts

149,198

506,627

Prepayments

5,186

2,241

311,758

520,235

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,650

9,650

Trade creditors

24,769

31,369

Taxation

7,572

-

Social security and other taxes

4,601

3,096

Other creditors

2,295

2,066

Directors' current accounts

293,317

312,496

Accrued expenses

6,900

6,600

349,104

365,277

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

114,850

114,850

Bounce back loan > 1 Year

5,896

15,546

Bank loans - 2-5 years

701,182

701,182

Bank loans more 5 yrs non-inst

1,015,840

1,022,765

1,837,768

1,854,343

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,015,840

1,022,765

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,847,418

1,863,993

Bank loans are secured on the fixed assets of the company

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Non-distributable

reserve

£

At 1st January 2024

and 31st December 2024

1,805,138

11.

CONTROL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agercon Limited for the year ended 31st December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Agercon Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agercon Limited and state those matters that we have agreed to state to the Board of Directors of Agercon Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agercon Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agercon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agercon Limited. You consider that Agercon Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Agercon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

29th September 2025