Caseware UK (AP4) 2016.0.181 2016.0.181 2017-08-312017-08-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueTechnical testing and analysisfalse2016-09-01 05546522 2016-09-01 2017-08-31 05546522 2015-09-01 2016-08-31 05546522 2017-08-31 05546522 2016-08-31 05546522 c:Director1 2016-09-01 2017-08-31 05546522 d:PlantMachinery 2016-09-01 2017-08-31 05546522 d:OtherPropertyPlantEquipment 2016-09-01 2017-08-31 05546522 d:OtherPropertyPlantEquipment 2017-08-31 05546522 d:OtherPropertyPlantEquipment 2016-08-31 05546522 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2016-09-01 2017-08-31 05546522 d:CurrentFinancialInstruments 2017-08-31 05546522 d:CurrentFinancialInstruments 2016-08-31 05546522 d:CurrentFinancialInstruments d:WithinOneYear 2017-08-31 05546522 d:CurrentFinancialInstruments d:WithinOneYear 2016-08-31 05546522 d:UKTax 2016-09-01 2017-08-31 05546522 d:UKTax 2015-09-01 2016-08-31 05546522 d:ShareCapital 2017-08-31 05546522 d:ShareCapital 2016-08-31 05546522 d:RetainedEarningsAccumulatedLosses 2017-08-31 05546522 d:RetainedEarningsAccumulatedLosses 2016-08-31 05546522 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2017-08-31 05546522 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2016-08-31 05546522 d:AcceleratedTaxDepreciationDeferredTax 2017-08-31 05546522 d:AcceleratedTaxDepreciationDeferredTax 2016-08-31 05546522 c:FRS102 2016-09-01 2017-08-31 05546522 c:AuditExempt-NoAccountantsReport 2016-09-01 2017-08-31 05546522 c:FullAccounts 2016-09-01 2017-08-31 05546522 c:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31 iso4217:GBP xbrli:pure
Registered number: 05546522






A G SAFETY SERVICES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017










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A G SAFETY SERVICES LIMITED
REGISTERED NUMBER:05546522

BALANCE SHEET
AS AT 31 AUGUST 2017

2017
2016
Note
£
£

Fixed assets
  

Tangible assets
 5 
3,758
1,910

  
3,758
1,910

Current assets
  

Debtors: amounts falling due within one year
 6 
16,880
24,326

Cash at bank and in hand
 7 
38,790
46,934

  
55,670
71,260

Creditors: amounts falling due within one year
 8 
(13,212)
(21,276)

Net current assets
  
 
 
42,458
 
 
49,984

Total assets less current liabilities
  
46,216
51,894

Provisions for liabilities
  

Deferred tax
 10 
(752)
(382)

  
 
 
(752)
 
 
(382)

Net assets
  
45,464
51,512


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
45,364
51,412

  
45,464
51,512


Page 1

 
A G SAFETY SERVICES LIMITED
REGISTERED NUMBER:05546522
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2017

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A Gymer
Director

Date: 28 May 2018
Page 2

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

1.


General information

A G Safety Services Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is The Old Tannery, Oakdene road, Redhill, Surrey, RH1 6BT. 
The principal activity of the company continued to be that of technical testing and analysis.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

2.Accounting policies (continued)

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

2.Accounting policies (continued)

 
2.10

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2016 -2).

Page 5

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

4.


Taxation


2017
2016
£
£

Corporation tax


Current tax on profits for the year
6,952
12,064


Deferred tax


Origination and reversal of timing differences
370
(73)


Taxation on profit on ordinary activities
7,322
11,991





5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 September 2016
6,544


Additions
2,437



At 31 August 2017

8,981



Depreciation


At 1 September 2016
4,634


Charge for the year on owned assets
589



At 31 August 2017

5,223



Net book value



At 31 August 2017
3,758



At 31 August 2016
1,910

Page 6

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

6.


Debtors

2017
2016
£
£


Trade debtors
16,740
24,276

Other debtors
140
50

16,880
24,326



7.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
38,790
46,934

38,790
46,934



8.


Creditors: Amounts falling due within one year

2017
2016
£
£

Corporation tax
6,952
12,064

Other taxation and social security
2,946
5,482

Other creditors
1,371
1,920

Accruals and deferred income
1,943
1,810

13,212
21,276



9.


Financial instruments

2017
2016
£
£

Financial assets


Financial assets measured at fair value through profit or loss
38,790
46,934

38,790
46,934




Page 7

 
A G SAFETY SERVICES LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2017

10.


Deferred taxation




2017


£






At beginning of year
(382)


Charged to profit or loss
(370)



At end of year
(752)

The provision for deferred taxation is made up as follows:

2017
2016
£
£


Accelerated capital allowances
(752)
(382)

(752)
(382)


11.


Pension commitments

The company operates a defined contributions pension scheme. The assests of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £3,600 (2016: £300).


12.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 8