AG Blue (Cheshire) Limited - Accounts to registrar (filleted) - small 18.2

AG Blue (Cheshire) Limited - Accounts to registrar (filleted) - small 18.2

AG BLUE (CHESHIRE) LIMITED - Company Information

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REGISTERED NUMBER: 13230778 (England and Wales)















Audited Financial Statements

for the Period 26 February 2021 to 31 July 2022

for

AG Blue (Cheshire) Limited
AG Blue (Cheshire) Limited (Registered number: 13230778)

Contents of the Financial Statements
for the Period 26 February 2021 to 31 July 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AG Blue (Cheshire) Limited

Company Information
for the Period 26 February 2021 to 31 July 2022







DIRECTOR: Mr Girish Kumar Grover





REGISTERED OFFICE: C/O Turnit Capital
33, Cavendish Square
London
W1G 0PW





REGISTERED NUMBER: 13230778 (England and Wales)





AUDITORS: PKF Francis Clark
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA
Page 1
AG Blue (Cheshire) Limited (Registered number: 13230778)

Balance Sheet
31 July 2022

Notes £   
FIXED ASSETS
Tangible assets 4 782,605

CURRENT ASSETS
Stocks 8,000
Debtors 5 32,543
Cash at bank and in hand 151,221
191,764
CREDITORS
Amounts falling due within one year 6 (189,897 )
NET CURRENT ASSETS 1,867
TOTAL ASSETS LESS CURRENT
LIABILITIES
784,472

CREDITORS
Amounts falling due after more than
one year
7
(493,381
)

PROVISIONS FOR LIABILITIES (18,365 )
NET ASSETS 272,726

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 272,626
SHAREHOLDERS' FUNDS 272,726

The notes form part of these financial statements

Page 2 continued...
AG Blue (Cheshire) Limited (Registered number: 13230778)

Balance Sheet - continued
31 July 2022


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 director and authorised for issue on 24 February 2023 and were signed by:





Mr Girish Kumar Grover - Director


The notes form part of these financial statements

Page 3
AG Blue (Cheshire) Limited (Registered number: 13230778)

Notes to the Financial Statements
for the Period 26 February 2021 to 31 July 2022


1. STATUTORY INFORMATION

AG Blue (Cheshire) 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued in the books of accounts based on FIFO.

Taxation
Taxation for the period 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.


Page 4 continued...
AG Blue (Cheshire) Limited (Registered number: 13230778)

Notes to the Financial Statements - continued
for the Period 26 February 2021 to 31 July 2022


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 6 .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
Additions 716,309 103,076 1,280 820,665
At 31 July 2022 716,309 103,076 1,280 820,665
DEPRECIATION
Charge for period 7,163 30,550 347 38,060
At 31 July 2022 7,163 30,550 347 38,060
NET BOOK VALUE
At 31 July 2022 709,146 72,526 933 782,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 30,850
Other debtors 1,693
32,543

Page 5 continued...
AG Blue (Cheshire) Limited (Registered number: 13230778)

Notes to the Financial Statements - continued
for the Period 26 February 2021 to 31 July 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 22,435
Amounts owed to group undertakings 83,157
Taxation and social security 59,788
Other creditors 24,517
189,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Other creditors 493,381

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

The Report of the Auditors was unqualified.

Thomas Roach BSc FCA (Senior Statutory Auditor)
for and on behalf of PKF Francis Clark

9. RELATED PARTY DISCLOSURES

Turnit Capital Ltd

As of 31 July 2022, the company owed £290.11 to Turnit Capital Ltd. Mr Girish Grover is a director of Turnit Capital Ltd. The loan is interest free and is repayable on demand.

AG Propinvest Ltd

As of 31 July 2022, the company owed £1,831.28 to AG Propinvest Ltd. Mr Girish Grover is a director of AG Propinvest Ltd. The loan is interest free and is repayable on demand.

AG Force Ltd

As of 31 July 2022, the company owed £6,896.57 to AG Force Ltd. Mr Girish Grover is a director of AG Force Ltd. The loan is interest free and is repayable on demand.

AG Hospitality Ltd

As of 31 July 2022, the company owed £8,158.10 to AG Hospitality Ltd. Mr Girish Grover is a director of AG Hospitality Ltd. The loan is interest free and is repayable on demand.


The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Page 6