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Registration number: 06745159

AGC Solutions Limited
Unaudited Financial Statements - Companies house filing
for the Year Ended 10 November 2024

AGC Solutions Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 6

AGC Solutions Limited

(Registration number: 06745159)
Statement of Financial Position as at 10 November 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | - | 13
Current assets |  |  |
Debtors | 5 | 35,504 | 42,999
Cash at bank and in hand |  | 19 | 27,345
|  | 35,523 | 70,344
Creditors: Amounts falling due within one year | 6 | (30,934) | (63,077)
Net current assets |  | 4,589 | 7,267
Total assets less current liabilities |  | 4,589 | 7,280
Creditors: Amounts falling due after more than one year | 6 | (2,333) | (6,333)
Net assets |  | 2,256 | 947
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 2,156 | 847
Shareholders' funds |  | 2,256 | 947

For the financial year ending 10 November 2024 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 12 March 2026

......................................... Mr A G Crocker Director |  |

AGC Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 10 November 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax and discounts.
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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

AGC Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 10 November 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% straight line
Computer equipment | 25% straight line

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

AGC Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 10 November 2024

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Tangible assets

| Plant and machinery £ | Computer equipment £ | Total £
Cost or valuation
At 11 November 2023 | 2,371 | 7,195 | 9,566
At 10 November 2024 | 2,371 | 7,195 | 9,566
Depreciation
At 11 November 2023 | 2,366 | 7,187 | 9,553
Charge for the year | 5 | 8 | 13
At 10 November 2024 | 2,371 | 7,195 | 9,566
Carrying amount
At 10 November 2024 | - | - | -
At 10 November 2023 | 5 | 8 | 13

5 | Debtors

| 2024 £ | 2023 £
Other debtors | 35,504 | 42,999
| 35,504 | 42,999

AGC Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 10 November 2024

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Bank loans and overdrafts | 7 | 11,545 | 4,000
Trade creditors |  | 2,540 | 1,916
Taxation and social security |  | 14,883 | 25,686
Accruals and deferred income |  | 1,966 | 11,782
Other creditors |  | - | 19,693
|  | 30,934 | 63,077

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Loans and borrowings | 7 | 2,333 | 6,333

7 | Loans and borrowings

Non-current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 2,333 | 6,333

Current loans and borrowings

| 2024 £ | 2023 £
Bank borrowings | 4,000 | 4,000
Bank overdrafts | 7,545 | -
| 11,545 | 4,000

AGC Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 10 November 2024

8 | Related party transactions

The following amounts were advanced to the director during the year. Interest was charged on the overdrawn balance at the beneficial loan interest rate at an average of 2.25% (2023: 2.10%) resulting in an interest charge of £855 (2023: £859). The balance is unsecured and repayable on demand.

Transactions with the director

2024 | At 11 November 2023 £ | Advances to director £ | Repayments by director £ | At 10 November 2024 £
Mr A G Crocker
Amounts advanced | 38,699 | 32,276 | (39,472) | 31,503

2023 | At 11 November 2022 £ | Advances to director £ | Repayments by director £ | At 10 November 2023 £
Mr A G Crocker
Amounts advanced | 37,161 | 28,886 | (27,348) | 38,699