General Information
AG Pubs Ltd is a private company, limited by shares, registered in England and Wales, registration number 09247674, registration address The Bell Inn/29 High Street, Avening, Tetbury, Gloucestershire, GL8 8NF.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion and where the amount of revenue can be measured reliably.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
20 Years Straight Line |
| Fixtures and Fittings |
20% Reducing Balance
|
| Computer Equipment |
3 Years Straight Line
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 11 (2024 : 8).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 November 2024 |
14,521 |
|
23,795 |
|
1,324 |
|
39,640 |
| Additions |
3,697 |
|
- |
|
- |
|
3,697 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
18,218 |
|
23,795 |
|
1,324 |
|
43,337 |
| Depreciation |
| At 01 November 2024 |
6,279 |
|
13,616 |
|
1,324 |
|
21,219 |
| Charge for year |
1,195 |
|
2,036 |
|
- |
|
3,231 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 October 2025 |
7,474 |
|
15,652 |
|
1,324 |
|
24,450 |
| Net book values |
| Closing balance as at 31 October 2025 |
10,744 |
|
8,143 |
|
- |
|
18,887 |
| Opening balance as at 01 November 2024 |
8,242 |
|
10,179 |
|
- |
|
18,421 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
3,508 |
|
5,485 |
|
3,508 |
|
5,485 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
142 |
|
- |
| Prepayments & Accrued Income |
1,902 |
|
1,985 |
| Other Debtors |
8,459 |
|
8,459 |
|
10,503 |
|
10,444 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
5,910 |
|
7,770 |
| Bank Loans & Overdrafts |
583 |
|
1,000 |
| Corporation Tax |
2,535 |
|
3,637 |
| PAYE & Social Security |
402 |
|
174 |
| Accrued Expenses |
1,642 |
|
2,534 |
| Pension Control |
86 |
|
- |
| Directors' Current Accounts |
23 |
|
2 |
| VAT |
3,628 |
|
2,888 |
|
14,809 |
|
18,005 |
Creditors: Amounts Falling Due Within One Year
The Company took out a Bounce Back Loan of £25,000 on 8th May 2020, repayable over a six year term with a fixed interest rate of 2.5%.
The Company took an additional amount of £15,000 on 17th March 2021, however repaid the amount of £35,000 on the 23rd April 2021. This is automatically one year with no repayments or interest and the Business Interruption payment of£365, is payable by the government. Included within creditors due within 1 year is an amount of £583. Repayments of £83.33 commenced in June 2021.
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
- |
|
583 |
|
- |
|
583 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
1,679 |
|
1,917 |
|
1,679 |
|
1,917 |
|
| 9. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1
Preference share of £1.00 each |
1 |
|
1 |
|
2 |
|
2 |
|
| 10. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
|
3
|