AGI Global Logstics (EMA) Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 14047463 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 14 APRIL 2022 TO 30 NOVEMBER 2022

FOR

AGI GLOBAL LOGSTICS (EMA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Sands

A P Wigginton

D A Cross

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

14047463 (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

19,889

CURRENT ASSETS

Debtors

5

525,581

Cash at bank and in hand

200,322

725,903

CREDITORS

Amounts falling due within one year

6

715,648

NET CURRENT ASSETS

10,255

TOTAL ASSETS LESS CURRENT LIABILITIES

30,144

PROVISIONS FOR LIABILITIES

28

NET ASSETS

30,116

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

30,016

SHAREHOLDERS' FUNDS

30,116

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 18 August 2023 and were signed on its behalf by:

S J Sands - Director

A P Wigginton - Director

1.	STATUTORY INFORMATION

AGI Global Logstics (EMA) 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 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.

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.

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 period was 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

21,992

At 30 November 2022

21,992

DEPRECIATION

Charge for period

2,103

At 30 November 2022

2,103

NET BOOK VALUE

At 30 November 2022

19,889

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

363,262

Other debtors

162,319

525,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

228,113

Taxation and social security

13,533

Other creditors

474,002

715,648

7.	SECURED DEBTS

The company's bankers, HSBC UK Bank PLC, and eCapital Commercial Finance (North) Limited hold fixed and floating charges over all of the company's assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

80

A Ordinary

£1.00

80

20

B Ordinary

£1.00

20

100

The following shares were allotted and fully paid for cash at par during the period:

80 A Ordinary shares of £1.00 each

20 B Ordinary shares of £1.00 each

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

The Report of the Auditors was unqualified.

Paul Freeman BA FCA FCCA (Senior Statutory Auditor)

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

10.	PENSION COMMITMENTS

Included in other creditors are pension commitments paid after the balance sheet date of £492.

11.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet date, the company owed the directors £139.

The company maintains loan balances with other group members, which are repayable on demand. The amounts owed to the company by other group members not wholly owned is £866 and the amounts owed by the company to other group members not wholly owned is £76,426.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

13.	ULTIMATE PARENT COMPANY

The ultimate parent company is Atlantic Group International Limited, which prepares group financial statements. The registered office of the ultimate parent company is Boyces Building, 40-42 Regent Street, Clifton, Bristol, United Kingdom, BS8 4HU.