Registration number:
AG UK 2018 Limited
for the Year Ended 31 December 2025
AG UK 2018 Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
AG UK 2018 Limited
Company Information
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Directors |
Mr Christian Paolo Brigliadoro Federica Elide Bresciani Samuele Soletti |
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Company secretary |
Lea Secretaries Limited |
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Company number |
11654931 |
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Senior Statutory Auditor
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Tony Castagnetti |
AG UK 2018 Limited
Strategic Report for the Year Ended 31 December 2025
Principal Activity
The principal activity of the company during the year was the retail sale of clothing and accessories through its UK store network.
1. Overview of the Business
AG UK 2018 Limited operates in the UK fashion retail sector, focusing on apparel and accessories targeted at a younger, trend driven customer base. The company distributes its products through a network of physical retail stores and continues to strengthen its brand positioning in key urban locations.
The business model is based on fast fashion dynamics, supported by international sourcing and a flexible retail structure.
2. Financial Performance (2025 Actuals)
The financial year ended 31 December 2025 confirms strong commercial performance:
• Turnover increased from £14.32m to £16.16m
• Gross profit rose to £6.34m, with margin improvement to 39.2%
• Operating profit remained stable at £1.36m
Cost increases were driven by:
• Retail expansion
• Higher personnel and rent costs
• Foreign exchange losses (~£346k)
The company invested £405k in fixed assets, mainly for new store openings.
3. Key Performance Indicators (KPIs)
• Revenue growth: +12.8%
• Gross margin: 39.2% (↑ vs 33.1%)
• Operating profit: stable despite expansion costs
These metrics confirm strong top line growth and improved efficiency.
4. Principal Risks and Uncertainties
The main risks remain:
• Fashion risk: rapid changes in consumer trends
• Supply chain risk: reliance on overseas production
• FX exposure: impact on cost of goods
• Competition: strong pressure from both online and offline retailers
• Macroeconomic environment: inflation and reduced consumer spending
AG UK 2018 Limited
Strategic Report for the Year Ended 31 December 2025
5. Future Developments (2026 Operational Plan)
The company will continue expanding its retail footprint:
• Opening two new stores (Westfield Stratford and Birmingham)
• Relocation of Foubert’s Place (London) store
Focus areas include:
• Product development
• Supply chain optimisation
• Cost efficiency
6. Business Plan 2026-2028 (Forward Looking Analysis)
The approved business plan outlines a clear growth trajectory, driven by both like-for-like(LFL) preformance and new store openings.
Revenue Growth
• 2024: ~£14.3m
• 2025: ~£16,2m
• 2026-2028: continued growth with:
Strong contribution from new stores
Steady LFL growth (~5-8%)
Revenue expansion is expected to be supported by:
• Increased retail footprint
• Brand strengthening in key locations
• Improved product mix
Margin Evolution
• Gross margin remains strong and improving (~50%+ level in BP logic)
• Margin expansion driven by
Better purchasing efficiency
Pricing optimisation
Scale economies
Cost Structure
Key cost trends:
• Personnel costs: increase in line with store expansion
• Rent expenses: rising due to new locations
• Operating expenses: controlled growth with scale efficiencies
Despite expansion, cost increases are expected to remain proportionate to revenue growth.
Profitability Outlook
The business plan shows:
• EBITDA growth over the period
• Progressive improvement in operating leverage
• Strong cash generation potential
AG UK 2018 Limited
Strategic Report for the Year Ended 31 December 2025
Overall, the company is expected to:
• Maintain solid margin
• Improve profitability through scale
• Offset inflationary pressures via growth
Growth Drivers
The plan is based on three main pillars:
1. Retail Expansion
• New store openings in strategic locations
• Increased geographic coverage
2. Like for Like Growth
• Improved store productivity
• Better merchandising and customer experience
3. Operational Efficiency
• Supply chain optimisation
• Cost control and economies of scale
7. Going Concern & Outlook
Based on:
• Historical profitability
• Strong revenue growth
• Positive EBITDA projections
The Directors have a reasonable expectation that the Company will continue as a going concern.
The outlook remains positive, supported by:
• Expansion strategy
• Strong brand positioning
• Scalable business model
8. Stakeholder Engagement
The company maintains a balanced approach towards stakeholders:
• Employees: training and development to support growth
• Suppliers: long term partnerships
• Customers: focus on quality and brand experience
9. Conclusion
AG UK 2018 Limited is entering a growth phase, supported by:
• Strong historical performance
• Structured expansion plan
• Solid financial projections
Despite market challenges, the company is well positioned to deliver sustainable growth and increasing profitability over the medium term.
AG UK 2018 Limited
Strategic Report for the Year Ended 31 December 2025
Approved and authorised by the
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AG UK 2018 Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Information given in the strategic report
The Company has chosen in accordance with Section 414C(I I) of the Companies Act 2006 to include certain disclosures required under Section 416 of the Companies Act 2006 within the Strategic Report.
Going concern
The directors have reviewed the company's forecasts and projections and taking into account the parent company's continued support and are of the opinion that it is appropriate to prepare the financial statements on a going concern basis.
Review of the year
The directors consider the results for the year to be satisfactory. A full analysis of the company's performance is presented in the Strategic report.
Dividends
Dividends paid during the year totalled £2,059,537, comprising a final dividend of £1,176,767 and an interim dividend of £882,770.
Principal Risks
The principal risk facing the company include exposure to changes in consumer trends, exposure to foreign exchange movements, competitive pressure within the retails sector, and wider microeconomic factors that may effect customer spending. These risks are monitored by management throughout the year.
Future Developments
The company plans to open two new stores in 2026, located in Westfield Stratford and Birmingham, and expects to relocate the Foubert's place store as part of its retails expansion strategy.
Post Balance Sheet Events
There were no post balance sheet events requiring disclosure.
Directors of the company
The directors who held office during the year were as follows:
AG UK 2018 Limited
Directors' Report for the Year Ended 31 December 2025
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Auditors
The auditors, Belluzzo Audit Limited, will be proposed for re-appointment at the forthcoming Annual general Meeting.
This report has been prepared in accordance with the provisions applicable to companies entitled to the medium sized companies exemption.
Approved and authorised by the
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AG UK 2018 Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AG UK 2018 Limited
Independent Auditor's Report to the Members of AG UK 2018 Limited
Opinion
We have audited the financial statements of AG UK 2018 Limited (the 'company') for the year ended 31 December 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
AG UK 2018 Limited
Independent Auditor's Report to the Members of AG UK 2018 Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 8], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
AG UK 2018 Limited
Independent Auditor's Report to the Members of AG UK 2018 Limited
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.
As in all our audits, we also addressed the risk of management override of internal controls by testing journal entries and evaluating whether there was evidence of management bias which represented a risk of material misstatement due to fraud.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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For and on behalf of
London
WC2N 5NG
AG UK 2018 Limited
Profit and Loss Account for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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Turnover |
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|
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Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Other operating income |
|
- |
|
|
Operating profit |
1,361,003 |
1,414,478 |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
- |
|
|
831 |
204 |
||
|
Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
|
Profit for the financial year |
|
|
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
AG UK 2018 Limited
Statement of Comprehensive Income for the Year Ended 31 December 2025
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2025 |
2024 |
|
|
Profit for the year |
|
|
|
Total comprehensive income for the year |
|
|
AG UK 2018 Limited
(Registration number: 11654931)
Balance Sheet as at 31 December 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
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Tangible assets |
|
|
|
|
Current assets |
|||
|
Stocks |
|
|
|
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Debtors |
|
|
|
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Cash at bank and in hand |
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|
|
|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current (liabilities)/assets |
( |
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
1,000 |
1,000 |
|
|
Retained earnings |
327,055 |
1,373,450 |
|
|
Shareholders' funds |
328,055 |
1,374,450 |
Approved and authorised by the
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AG UK 2018 Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Retained earnings |
Total |
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|
At 1 January 2025 |
|
|
|
|
Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
Share capital |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
Profit for the year |
- |
|
|
|
At 31 December 2024 |
1,000 |
1,373,450 |
1,374,450 |
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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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 FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the provisions of the Companies Act 2006 applicable to medium‑sized companies.
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 presented in sterling, which is the functional currency of the company. All monetary amounts in these financial statements are rounded to the nearest pound (£).
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Revenue is recognised at the point of sale, when control of the goods passes to the customer. Turnover is measured at the fair value of the consideration received or receivable, net of VAT and discounts.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current 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.
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Tangible assets
Tangible assets are stated in the balance sheet 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:
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Asset class |
Depreciation method and rate |
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Land and buildings |
Over the remaining term of the lease |
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Furniture and fittings |
20% on straight line basis |
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Office Equipment |
20% on straight line basis |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the term of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
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2025 |
2024 |
|
|
Sale of goods |
|
|
|
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Miscellaneous other operating income |
|
- |
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Foreign exchange losses |
|
|
|
Operating lease expense - property |
|
|
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Other finance income |
|
|
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
|
- |
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
Sales, marketing and distribution |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
- |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Tangible assets |
|
Long leasehold land and buildings |
Fixtures and fittings |
Office equipment |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Additions |
|
|
|
|
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At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
At 31 December 2025 |
|
|
|
|
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Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
Included within the net book value of land and buildings above is £819,668 (2024 - £518,978) in respect of long leasehold land and buildings.
One of the company’s four stores, located at 12 Foubert’s Place, will relocate in 2026.The related leasehold improvement have a carrying amount of approximately £9,000 at 31 December 2025, which is not considered material, so no change has been made to their useful life; this will be reassessed on relocation. Additions of £359,220 relate to fit‑out works for two new stores where the leases had not completed at the year end, and these costs have been capitalised as assets under construction within leasehold improvements.
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Stocks |
|
2025 |
2024 |
|
|
Other inventories |
|
|
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
- |
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
|
|
|
Due after one year |
2025 |
2024 |
|
Rent Deposit |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals and Deferred Income |
|
|
|
|
Income tax liability |
347,911 |
378,997 |
|
|
|
|
||
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Due after one year |
|||
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Deferred Rent |
|
- |
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £8,768 (2024 - £5,320) were payable to the scheme at the end of the year and are included in creditors.
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1,000 |
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
|
Dividends |
Final dividends paid
|
2025 |
2024 |
|||
|
Final dividend of £ |
|
- |
||
Interim dividends paid
|
2025 |
2024 |
|||
|
Interim dividend of £ |
|
- |
||
AG UK 2018 Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Related party transactions |
Summary of transactions with parent
Osit Impresa S.p.a
During the company purchased goods from its parent company totalling £9,163,844 (2024: £9,453,453).
At the balance date the amount owed to the parent company was £3,179,948 (2024:£4,740,133),which includes £91,453 (2024: £93,260) accrued for costs recharged by the parent.
|
Parent and ultimate parent undertaking |
The company's immediate parent is