Agt Electrics Limited

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

Registered number: 04763833

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,169		911

			1,169		911
CURRENT ASSETS
Debtors	5	22,814		12,165
Cash at bank and in hand		-		470

		22,814		12,635
Creditors: Amounts Falling Due Within One Year	6	(47,815 )		(49,130 )

NET CURRENT ASSETS (LIABILITIES)			(25,001 )		(36,495 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,832 )		(35,584 )

NET LIABILITIES			(23,832 )		(35,584 )

CAPITAL AND RESERVES
Called up share capital	7		4		4
Profit and Loss Account			(23,836 )		(35,588 )

SHAREHOLDERS' FUNDS			(23,832)		(35,584)

For the 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.

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

The director acknowledges his 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 Gary Manzi

Director

03/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Agt Electrics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04763833 . The registered office is 21 Baldock Street, Ware, Hertfordshire, SG12 9DH.

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 directors recognises that the company has an insolvent balance sheet and confirm that they will continue to support the company personally until it is in a solvent position again.

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.

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.

2.4. 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	4 years writte down
Motor Vehicles	4 years written down

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	4,536	12,676	17,212
Additions	486	-	486

As at 31 March 2025	5,022	12,676	17,698

Depreciation
As at 1 April 2024	4,409	11,892	16,301
Provided during the period	32	196	228

As at 31 March 2025	4,441	12,088	16,529

Net Book Value
As at 31 March 2025	581	588	1,169

As at 1 April 2024	127	784	911

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Agt Electrics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	9,323	5,936
Other debtors	13,491	6,229

	22,814	12,165

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,181	2,581
Bank loans and overdrafts	392	-
Other loans	3,235	-
Other creditors	41,007	46,549

	47,815	49,130

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

8. Related Party Transactions

During the year the director, Mr Manzi, loaned the company money with no set repayment date or interest payable and is shown within Other Creditors.

9. Ultimate Controlling Party

During the year, the company was controlled by Mr & Mrs Manzi (director and company secretary) by virtue of each holding 50% of the issued ordinary share capital.

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