A G Mortgage Services Limited - Period Ending 2016-04-30

A G Mortgage Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016

The MHH Partnership Limited
Chartered Certified Accountants
30 Hasse Road
Soham
Ely
Cambs
CB7 5UW

A G Mortgage Services Limited
(Registration number: 06566454)
Abbreviated Balance Sheet at 30 April 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		609	256
Current assets
Debtors		21,056	26,195
Cash at bank and in hand		7	7
		21,063	26,202
Creditors: Amounts falling due within one year		(17,995)	(24,907)
Net current assets		3,068	1,295
Net assets		3,677	1,551
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		3,577	1,451
Shareholders' funds		3,677	1,551

For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 26 January 2017 and signed on its behalf by:

.........................................
A N Greer
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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A G Mortgage Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight Line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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A G Mortgage Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 May 2015	1,859	1,859
Additions	584	584
At 30 April 2016	2,443	2,443
Depreciation
At 1 May 2015	1,603	1,603
Charge for the year	231	231
At 30 April 2016	1,834	1,834
Net book value
At 30 April 2016	609	609
At 30 April 2015	256	256

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

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