Registered Number 01176584

A.G.T. ELECTRICAL (EXETER) LIMITED

Abbreviated Accounts

31 December 2015

A.G.T. ELECTRICAL (EXETER) LIMITED Registered Number 01176584

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,106 1,349
1,106 1,349
Current assets
Stocks 19,045 86,600
Debtors 804 2,986
Investments 450 450
Cash at bank and in hand 439,177 375,394
459,476 465,430
Creditors: amounts falling due within one year (32,732) (55,906)
Net current assets (liabilities) 426,744 409,524
Total assets less current liabilities 427,850 410,873
Total net assets (liabilities) 427,850 410,873
Capital and reserves
Called up share capital 81 81
Other reserves 19 19
Profit and loss account 427,750 410,773
Shareholders' funds 427,850 410,873
  • For the year ending 31 December 2015 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 17 March 2016

And signed on their behalf by:
MICHAEL JAMES IRELAND, Director

A.G.T. ELECTRICAL (EXETER) LIMITED Registered Number 01176584

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value
Added Tax and trade discounts.

Tangible assets depreciation policy
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 18 % Reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 40,951
Additions 2,700
Disposals -
Revaluations -
Transfers -
At 31 December 2015 43,651
Depreciation
At 1 January 2015 39,602
Charge for the year 2,943
On disposals -
At 31 December 2015 42,545
Net book values
At 31 December 2015 1,106
At 31 December 2014 1,349