Company Registration No. 02958558 (England and Wales)
AGY CONSULTANTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
AGY CONSULTANTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AGY CONSULTANTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
55
74
Current assets
Debtors
29,167
28,715
Cash at bank and in hand
102,958
70,417
132,125
99,132
Creditors: amounts falling due within one year
(34,257)
(22,320)
Net current assets
97,868
76,812
Total assets less current liabilities
97,923
76,886
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
97,919
76,882
Shareholders' funds
97,923
76,886
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 May 2017
Mr A G Wishart
Director
Company Registration No. 02958558
AGY CONSULTANTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
2,200
Depreciation
At 1 September 2015
2,126
Charge for the year
19
At 31 August 2016
2,145
Net book value
At 31 August 2016
55
At 31 August 2015
74
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2
2 "A" Ordinary shares of £1 each
2
2
4
4