AGX Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03867582

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,270		4,663

			7,270		4,663
CURRENT ASSETS
Stocks	5	8,763		8,472
Debtors	6	77,310		85,848
Cash at bank and in hand		628,160		591,049

		714,233		685,369
Creditors: Amounts Falling Due Within One Year	7	(350,718 )		(297,154 )

NET CURRENT ASSETS (LIABILITIES)			363,515		388,215

TOTAL ASSETS LESS CURRENT LIABILITIES			370,785		392,878

NET ASSETS			370,785		392,878

CAPITAL AND RESERVES
Called up share capital	8		40,000		40,000
Profit and Loss Account			330,785		352,878

SHAREHOLDERS' FUNDS			370,785		392,878

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AGX Holdings Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 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

Mr Alan Nobbs

Director

09/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AGX Holdings Limited Registered number 03867582 is a limited by shares company incorporated in England & Wales. The Registered Office is 46 Murrell Green Bus. Park, London Rd, Hook, Hampshire, RG27 9GR.

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. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Cost
Motor Vehicles	20% Cost

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.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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AGX Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	2	2
Sales, marketing and distribution	8	7

	10	9

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	14,713	14,000	28,713
Additions	4,321	-	4,321
Disposals	-	(14,000 )	(14,000 )

As at 31 August 2025	19,034	-	19,034

Depreciation
As at 1 September 2024	10,050	14,000	24,050
Provided during the period	1,714	-	1,714
Disposals	-	(14,000 )	(14,000 )

As at 31 August 2025	11,764	-	11,764

Net Book Value
As at 31 August 2025	7,270	-	7,270

As at 1 September 2024	4,663	-	4,663

5. Stocks

	2025	2024
	£	£
Stock	8,763	8,472

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	56,829	81,117
Prepayments and accrued income	5,183	4,731
VAT	15,298	-

	77,310	85,848

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AGX Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	330,364	247,614
Corporation tax	14,505	31,045
VAT	-	10,753
Other creditors	1,282	1,282
Accruals and deferred income	4,567	6,460

	350,718	297,154

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	40,000	40,000

9. Other Commitments

The total of future annual minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Later than one year and not later than five years	32,250	32,250

	32,250	32,250

Lease renewal with provisional 10% annual rental increase later than two years but not later than three years.

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