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Company No: 04111357 (England and Wales)

# A G S BUILDING SERVICES (TAUNTON) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

A G S BUILDING SERVICES (TAUNTON) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

A G S BUILDING SERVICES (TAUNTON) LIMITED

## BALANCE SHEET

As at 31 May 2025
A G S BUILDING SERVICES (TAUNTON) LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 37,150 |  | 41,208
|  | 37,150 |  | 41,208
Current assets |  |  |  |
Debtors | 4 | 233,682 |  | 30,152
Cash at bank and in hand |  | 81,862 |  | 269,284
|  | 315,544 |  | 299,436
Creditors: amounts falling due within one year | 5 | ( 50,734) |  | ( 62,806)
Net current assets |  | 264,810 |  | 236,630
Total assets less current liabilities |  | 301,960 |  | 277,838
Provision for liabilities |  | ( 2,634) |  | ( 3,510)
Net assets |  | 299,326 |  | 274,328
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | 299,226 |  | 274,228
Total shareholders' funds |  | 299,326 |  | 274,328

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of A G S Building Services (Taunton) Limited (registered number: 04111357) were approved and authorised for issue by the Director on 19 January 2026. They were signed on its behalf by:

Mr A G Sweet Director |

A G S BUILDING SERVICES (TAUNTON) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
A G S BUILDING SERVICES (TAUNTON) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

A G S Building Services (Taunton) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom. The principal place of business is 14 Manor Road, Taunton, TA1 5BD.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Turnover is recognised when services have been provided.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 4 |  | 4

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 June 2024 | 28,980 |  | 2,545 |  | 52,492 |  | 1,379 |  | 85,396
At 31 May 2025 | 28,980 |  | 2,545 |  | 52,492 |  | 1,379 |  | 85,396
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 June 2024 | 1,787 |  | 2,283 |  | 38,913 |  | 1,205 |  | 44,188
Charge for the financial year | 579 |  | 40 |  | 3,395 |  | 44 |  | 4,058
At 31 May 2025 | 2,366 |  | 2,323 |  | 42,308 |  | 1,249 |  | 48,246
Net book value |  |  |  |  |  |  |  |  |
At 31 May 2025 | 26,614 |  | 222 |  | 10,184 |  | 130 |  | 37,150
At 31 May 2024 | 27,193 |  | 262 |  | 13,579 |  | 174 |  | 41,208

Included within the net book value of land and buildings above is £26,614 (2024: £27,193) in respect of freehold land and building.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 13,501 |  | 26,905
Amounts owed by Group undertakings | 203,600 |  | 0
Prepayments and accrued income | 16,308 |  | 2,663
Other debtors | 273 |  | 584
| 233,682 |  | 30,152

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 17,910 |  | 23,569
Taxation and social security | 29,162 |  | 34,824
Other creditors | 3,662 |  | 4,413
| 50,734 |  | 62,806

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100