| Registered Number:06132052 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
A G O'Malley Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
A G O'Malley Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
5,434
5,222
3
5,434
5,222
640,349
623,726
| Trade and other receivables |
19,698
11,762
4
969,662
| Cash and cash equivalents |
1,109,458
1,744,946
1,629,709
| Trade and other payables: amounts falling due within one |
| year |
(314,802)
(306,340)
5
1,314,907
1,438,606
Net current assets
| Total assets less current liabilities |
1,444,040
1,320,129
| Trade and other payables: amounts falling due after more |
| than one year |
(25,030)
(15,920)
6
1,428,120
Net assets
1,295,099
100
100
1,428,020
1,294,999
1,428,120
1,295,099
Shareholders' funds
| For the year ended 31 March 2017 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 of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of |
| each financial year and of its profit or loss for each financial year in accordance with the requirements of Section |
| 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial |
| statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 05 December 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
A G O'Malley Limited
Notes to the Financial Statements
Statutory Information
| A G O'Malley Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 06132052. |
6 The Avenue
West Wickham
Kent
BR4 0DY
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2017
A G O'Malley Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
410,676
410,676
410,676
410,676
-
-
| 3. Property, plant and equipment |
Motor vehicles
20,814
13,395
7,419
2,023
-
2,023
9,442
13,395
22,837
| Provision for depreciation and impairment |
15,592
10,216
5,376
Charge for year
1,811
795
1,016
17,403
11,011
6,392
3,050
2,384
5,434
2,043
3,179
5,222
| 4. Trade and other receivables |
2016
2017
11,762
19,698
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For the year ended 31 March 2017
A G O'Malley Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
134,451
169,136
| Taxation and social security |
167,461
138,947
4,428
6,719
306,340
314,802
| 6. Trade and other payables: amounts falling due after more than one year |
2016
2017
15,920
25,030
| 7. Related party transactions |
| During the year the company paid £3,000 to the directors in respect of use of home as office (£3,000 2016). |
| As at 31st March 2017, the company owed directors A G O'Malley and C O'Malley £7,960 each (£12,515 each 2016) |
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