Company registration number: 10747564
Annual report and unaudited financial statements
for the year ended 31 May 2025
for
AGL Airsoft Ltd
Pages for filing with the Registrar
Company registration number: 10747564
AGL Airsoft Ltd
Balance sheet
as at 31 May 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 38,797 40,063
38,797 40,063
Current assets
Stocks 12,087 26,737
Debtors 385,372 603,105
Cash at bank and in hand 151,165 13,335
548,624 643,177
Creditors: amounts falling due within one
year 		(349,960) (359,620)
Net current assets 198,664 283,557
Total assets less current liabilities 237,461 323,620
Creditors: Amounts falling due after more
than one year 		5 (166,499) (263,415)
NET ASSETS 70,962 60,205
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,862 60,105
TOTAL EQUITY 70,962 60,205
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10747564
AGL Airsoft Ltd
Balance sheet - continued
as at 31 May 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 May 2026 and signed on its behalf by:
Mrs V Fernandes, Director Mr P Fernandes, Director
29 May 2026 29 May 2026
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AGL Airsoft Ltd
Notes to the financial statements
for the year ended 31 May 2025
1 Company information
AGL Airsoft Ltd is a private company registered in England and Wales. Its registered number is 10747564. The company is limited by shares. Its registered office is C/o KP & Co, Avanta House, Harrow, Middlesex, HA1 1BD.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property -
Plant and machinery etc.:
Fixtures & fittings -
Computer equipment -
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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AGL Airsoft Ltd
Notes to the financial statements - continued
for the year ended 31 May 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 5 (2024 - 7).
4 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 June 2024 35,000 14,657 49,657
At 31 May 2025 35,000 14,657 49,657
Depreciation
At 1 June 2024 - 9,594 9,594
Charge for year - 1,266 1,266
At 31 May 2025 - 10,860 10,860
Net book value
At 31 May 2025 35,000 3,797 38,797
At 31 May 2024 35,000 5,063 40,063
5 Creditors: amounts falling due after more than five years
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable by instalments
Bank loans 146,499 243,415
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