Company Registration No. 9810710 (England and Wales)
A.G.S CASTINGS LTD
Unaudited accounts
for the period from 1 November 2020 to 31 December 2021
A.G.S CASTINGS LTD
Unaudited accounts
Contents
A.G.S CASTINGS LTD
Company Information
for the period from 1 November 2020 to 31 December 2021
Directors
Mohamed Yassin Baboo
David Serlui
Company Number
9810710 (England and Wales)
Registered Office
32-38 LEMAN STREET
LONDON
E1 8EW
UK
Accountants
Pendragon Business Consultants Llp
Twigworh Lawn
Twigworth
Gloucester
Gloucestershire
GL2 9PQ
A.G.S CASTINGS LTD
Statement of financial position
as at
31 December 2021
Tangible assets
94,720
174,507
Inventories
10,236
10,236
Debtors
1,187,738
1,371,716
Cash at bank and in hand
593
20,042
Creditors: amounts falling due within one year
(143,888)
(343,815)
Net current assets
1,054,679
1,058,179
Total assets less current liabilities
1,149,399
1,232,686
Creditors: amounts falling due after more than one year
(107,889)
-
Net assets
1,041,510
1,232,686
Called up share capital
1,000
1,000
Profit and loss account
1,040,510
1,231,686
Shareholders' funds
1,041,510
1,232,686
For the period ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2022 and were signed on its behalf by
Mohamed Yassin Baboo
Director
Company Registration No. 9810710
A.G.S CASTINGS LTD
Notes to the Accounts
for the period from 1 November 2020 to 31 December 2021
A.G.S CASTINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 9810710. The registered office is 32-38 LEMAN STREET, LONDON, E1 8EW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Depreciation at 12.5% reducing Balance
Fixtures & fittings
Depreciation at 25% reducing Balance
Computer equipment
Depreciation at 25% reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At valuation
At cost
At 1 November 2020
252,544
55,891
38,463
346,898
Revaluations
(90,000)
39,478
(5,000)
(55,522)
At 31 December 2021
162,544
95,369
33,463
291,376
At 1 November 2020
117,841
32,313
22,237
172,391
Charge for the period
6,166
15,603
2,496
24,265
At 31 December 2021
124,007
47,916
24,733
196,656
At 31 December 2021
38,537
47,453
8,730
94,720
At 31 October 2020
134,703
23,578
16,226
174,507
A.G.S CASTINGS LTD
Notes to the Accounts
for the period from 1 November 2020 to 31 December 2021
Amounts falling due within one year
Other debtors
1,187,738
1,210,960
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
74,873
109,059
Loans from directors
-
25,469
7
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
107,889
-
8
Average number of employees
During the period the average number of employees was 2 (2020: 0).