Registered number
07028634
AGK Building Services Limited
Unaudited Abbreviated Accounts
30 September 2016
AGK Building Services Limited
Registered number: 07028634
Abbreviated Balance Sheet
as at 30 September 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 24,859 33,146
Current assets
Debtors 69,409 28,022
Cash at bank and in hand 49,664 73,943
119,073 101,965
Creditors: amounts falling due within one year (104,446) (104,484)
Net current assets/(liabilities) 14,627 (2,519)
Total assets less current liabilities 39,486 30,627
Creditors: amounts falling due after more than one year (20,864) (24,482)
Net assets 18,622 6,145
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 18,620 6,143
Shareholders' funds 18,622 6,145
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2016 and of its profit for the period in accordance with the requirements of sections 395 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
G Constantinou
Director
Approved by the board on 6 March 2017
AGK Building Services Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of services provided to customers and work carried out in respect of services provided to customers. The following criteria must also be met before revenue is recognised;

Rendering of services
Revenue from a contract to provide services is recognised in th eperiod in which the services are provided in accordance with the stage of completion of the contract when al lthe following conditions are satisfied;
- the amount of revenue can be measured reliably,
- it is probable that the company will receive this consideration under the contract,
- the stage of completion o fthe contract at the end of the reporting period can be measured reliably,
- the costs incurred and the costs to complete the contract can be measured reliably.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% reducing balance
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
2 Tangible fixed assets £
Cost
At 1 October 2015 40,398
At 30 September 2016 40,398
Depreciation
At 1 October 2015 7,252
Charge for the year 8,287
At 30 September 2016 15,539
Net book value
At 30 September 2016 24,859
At 30 September 2015 33,146
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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