REGISTERED NUMBER: 07295311 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

A.G.S. (NW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Adlam

Mrs S Adlam

REGISTERED OFFICE:

308 London Road

Hazel Grove

Stockport

Cheshire

SK7 4RF

REGISTERED NUMBER:

07295311 (England and Wales)

ACCOUNTANTS:

Gort and March

308 London Road

Hazel Grove

Stockport

Cheshire

SK7 4RF

FIXED ASSETS

Intangible assets

4

3,000

4,000

Tangible assets

5

1,828

2,438

4,828

6,438

CURRENT ASSETS

Debtors

6

8,386

12,221

Cash at bank

36,339

20,068

44,725

32,289

CREDITORS

Amounts falling due within one year

7

21,003

17,013

NET CURRENT ASSETS

23,722

15,276

TOTAL ASSETS LESS CURRENT LIABILITIES

28,550

21,714

PROVISIONS FOR LIABILITIES

361

488

NET ASSETS

28,189

21,226

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,089

21,126

SHAREHOLDERS' FUNDS

28,189

21,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

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 on 2 November 2017 and were signed on its behalf by:

M Adlam - Director

1.	STATUTORY INFORMATION

A.G.S. (NW) 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 the provisions of Section 1A "Small Entities" 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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 year 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 year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

10,000

AMORTISATION

At 1 July 2016

6,000

Amortisation for year

1,000

At 30 June 2017

7,000

NET BOOK VALUE

At 30 June 2017

3,000

At 30 June 2016

4,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2016

and 30 June 2017

1,000

9,090

500

10,590

DEPRECIATION

At 1 July 2016

822

6,933

397

8,152

Charge for year

45

539

26

610

At 30 June 2017

867

7,472

423

8,762

NET BOOK VALUE

At 30 June 2017

133

1,618

77

1,828

At 30 June 2016

178

2,157

103

2,438

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Trade debtors

8,386

12,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Bank loans and overdrafts

-

903

Trade creditors

12,338

-

Taxation and social security

7,398

11,266

Other creditors

1,267

4,844

21,003

17,013

8.	ULTIMATE CONTROLLING PARTY

The controlling party is M Adlam.