AGI Global Logistics (WA) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10327366 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

AGI GLOBAL LOGISTICS (WA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Sands

L Sheppard

A P Wigginton

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

10327366 (England and Wales)

AUDITORS:

Lawes & Co UK Limited (Statutory Auditors)

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

4,735

732

CURRENT ASSETS

Debtors

5

319,081

242,063

Cash at bank

68,591

78,258

387,672

320,321

CREDITORS

Amounts falling due within one year

6

385,743

317,440

NET CURRENT ASSETS

1,929

2,881

TOTAL ASSETS LESS CURRENT LIABILITIES

6,664

3,613

PROVISIONS FOR LIABILITIES

8

-

139

NET ASSETS

6,664

3,474

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

6,564

3,374

SHAREHOLDERS' FUNDS

6,664

3,474

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2022 and were signed on its behalf by:

S J Sands - Director

A P Wigginton - Director

1.	STATUTORY INFORMATION

AGI Global Logistics (WA) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2020

6,904

Additions

7,101

At 30 November 2021

14,005

DEPRECIATION

At 1 December 2020

6,172

Charge for year

3,098

At 30 November 2021

9,270

NET BOOK VALUE

At 30 November 2021

4,735

At 30 November 2020

732

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade debtors

256,574

215,881

Other debtors

62,507

26,182

319,081

242,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Trade creditors

282,671

158,000

Taxation and social security

11,227

43,724

Other creditors

91,845

115,716

385,743

317,440

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.21

30.11.20

£

£

Within one year

2,242

3,843

Between one and five years

-

2,242

2,242

6,085

8.	PROVISIONS FOR LIABILITIES

30.11.20

£

Deferred tax

Accelerated capital allowances

139

Deferred

tax

£

Balance at 1 December 2020

139

Other timing differences

(346

)

Balance at 30 November 2021

(207

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

60

A Ordinary

£1

60

60

40

B Ordinary

£1

40

40

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Freeman ACA ACCA BA (Senior Statutory Auditor)

for and on behalf of Lawes & Co UK Limited (Statutory Auditors)

11.	PENSION COMMITMENTS

Included in other creditors are pension commitments paid after the balance sheet date of £576 (2020 £256).

12.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed a director £26 (2020 £16,570).

Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.

At the balance sheet date the company had the following amounts outstanding to related entities.

Entities over which the directors have significant influence or control

Amounts owed from related party

Amounts owed to related party

£

£

AGI Global Logistics Limited

2020

-

83,941

2021

-

84,366

Atlantic Group International Limited

2020

23,472

-

2021

50,531

-

AGI Global Logistics (CT) Limited

2020

-

5,886

2021

-

-

AGI Global Logistics (DN) Limited

2020

-

2,981

2021

-

-

AGI Global Logistics (BHX) Limited

2020

42

-

2021

-

-

13.	ULTIMATE PARENT COMPANY

The ultimate parent company is Atlantic Group International Limited.

14.	ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.