REGISTERED NUMBER: 04684529 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

A G OPERATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A Garrattley

SECRETARY:

Miss M A Garrattley

REGISTERED OFFICE:

141 Sunderton Road

Kings Heath

Birmingham

West Midlands

B14 6JJ

REGISTERED NUMBER:

04684529 (England and Wales)

ACCOUNTANTS:

Financial Accounting Services Limited

Virginia House

56 Warwick Road

Solihull

United Kingdom

West Midlands

B92 7HX

FIXED ASSETS

Tangible assets

4

24,718

11,489

CURRENT ASSETS

Stocks

510

825

Debtors

5

4,011

2,294

Cash at bank

10,275

48

14,796

3,167

CREDITORS

Amounts falling due within one year

6

29,242

9,704

NET CURRENT LIABILITIES

(14,446

)

(6,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,272

4,952

PROVISIONS FOR LIABILITIES

4,506

1,060

NET ASSETS

5,766

3,892

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

5,764

3,890

SHAREHOLDERS' FUNDS

5,766

3,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 24 November 2017 and were signed by:

Mrs A Garrattley - Director

1.	STATUTORY INFORMATION

A G Operations 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.

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 equipment

-

20% on cost

Office equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

equipment

equipment

Totals

£

£

£

COST

At 1 April 2016

40,150

2,595

42,745

Additions

20,845

1,335

22,180

At 31 March 2017

60,995

3,930

64,925

DEPRECIATION

At 1 April 2016

29,133

2,123

31,256

Charge for year

8,446

505

8,951

At 31 March 2017

37,579

2,628

40,207

NET BOOK VALUE

At 31 March 2017

23,416

1,302

24,718

At 31 March 2016

11,017

472

11,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

4,011

2,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,716

6,250

Taxation and social security

1,730

1,443

Other creditors

25,796

2,011

29,242

9,704

7.

RESERVES

Retained

earnings

£

At 1 April 2016

3,890

Profit for the year

16,874

Dividends

(15,000

)

At 31 March 2017

5,764

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,500 (2016 - £3,000) were paid to the director .

During the year, total dividends of £7,500 (2016 - £3.000) were paid to the directors spouse Mr Brian Garrattley

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the director, Mrs Anne Garrattley, and Mr Brian Garrattley, by virtue of

their ability to act in concert in respect of the financial and operating policies of the company.