Company Registration No. 9810710 (England and Wales)
A.G.S CASTINGS LTD
Unaudited accounts
for the year ended 31 December 2022
A.G.S CASTINGS LTD
Unaudited accounts
Contents
A.G.S CASTINGS LTD
Company Information
for the year ended 31 December 2022
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
21 Millhouse Lane
Winterton
Scunthorpe
North Lincolnshire
DN15 9QP
A.G.S CASTINGS LTD
Statement of financial position
as at 31 December 2022
Tangible assets
75,857
94,720
Debtors
1,589,430
1,187,738
Cash at bank and in hand
2,578
593
Creditors: amounts falling due within one year
(217,366)
(143,888)
Net current assets
1,384,878
1,054,679
Total assets less current liabilities
1,460,735
1,149,399
Creditors: amounts falling due after more than one year
-
(107,889)
Net assets
1,460,735
1,041,510
Called up share capital
1,000
1,000
Profit and loss account
1,459,735
1,040,510
Shareholders' funds
1,460,735
1,041,510
For the year ending 31 December 2022 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 24 August 2023 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 year ended 31 December 2022
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 year, and also have been consistently applied within the same accounts.
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
12.5% Reducing balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
162,544
95,369
33,463
291,376
At 31 December 2022
162,544
95,369
33,463
291,376
At 1 January 2022
124,007
47,916
24,733
196,656
Charge for the year
4,817
11,864
2,182
18,863
At 31 December 2022
128,824
59,780
26,915
215,519
At 31 December 2022
33,720
35,589
6,548
75,857
At 31 December 2021
38,537
47,453
8,730
94,720
A.G.S CASTINGS LTD
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
1,074,260
1,187,738
Accrued income and prepayments
37,333
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
56,025
143,888
Taxes and social security
326
-
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 0).