REGISTERED NUMBER: 06127323

A G S Architectural Services Limited

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A G Soady

Mrs S C J Soady

SECRETARY:

Mr A G Soady

REGISTERED OFFICE:

12 Southgate Street

Launceston

Cornwall

PL15 9DP

REGISTERED NUMBER:

06127323

ACCOUNTANTS:

Hodgsons

Chartered Accountants

12 Southgate Street

LAUNCESTON

Cornwall

PL15 9DP

FIXED ASSETS

Intangible assets

2

3,000

6,000

Tangible assets

3

12,340

16,486

15,340

22,486

CURRENT ASSETS

Debtors

40,131

40,851

Cash at bank

7,067

1,064

47,198

41,915

CREDITORS

Amounts falling due within one year

4

64,195

60,516

NET CURRENT LIABILITIES

(16,997

)

(18,601

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,657

)

3,885

CREDITORS

Amounts falling due after more than one year

4

-

15,237

NET LIABILITIES

(1,657

)

(11,352

)

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

(2,657

)

(12,352

)

SHAREHOLDERS' FUNDS

(1,657

)

(11,352

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9th December 2016 and were signed on its behalf by:

Mrs S C J Soady - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Depreciation has been applied and pro-rated from the month in which the acquisition took place. This

represents a change in the accounting policy.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

30,000

AMORTISATION

At 1st April 2015

24,000

Amortisation for year

3,000

At 31st March 2016

27,000

NET BOOK VALUE

At 31st March 2016

3,000

At 31st March 2015

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

41,867

Additions

329

Disposals

(6,120

)

At 31st March 2016

36,076

DEPRECIATION

At 1st April 2015

25,381

Charge for year

4,163

Eliminated on disposal

(5,808

)

At 31st March 2016

23,736

NET BOOK VALUE

At 31st March 2016

12,340

At 31st March 2015

16,486

4.

CREDITORS

Creditors include an amount of £ 36,287 (2015 - £ 43,958 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2016 and

31st March 2015:

2016

2015

£

£

Mr A G Soady and Mrs S C J Soady

Balance outstanding at start of year

29,791

12,046

Amounts advanced

53,822

42,342

Amounts repaid

(53,210

)

(24,597

)

Balance outstanding at end of year

30,403

29,791

Interest has been charged on the overdrawn balance in accordance with the rates recommended by HM

Revenue and Customs. The additional overdrawn balance was repaid within 9 months of the year end.

7.	GOING CONCERN

The company is reliant on the support of the directors.