Registered number
04698119
AGS DRAINAGE LIMITED
Abbreviated Accounts
31 March 2016
AGS DRAINAGE LIMITED
Registered number: 04698119
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 3,065 6,132
Tangible assets 3 72,232 76,388
75,297 82,520
Current assets
Debtors 53,876 43,683
Cash at bank and in hand 75,276 72,419
129,152 116,102
Creditors: amounts falling due within one year (85,994) (77,370)
Net current assets 43,158 38,732
Total assets less current liabilities 118,455 121,252
Creditors: amounts falling due after more than one year (17,300) (31,176)
Net assets 101,155 90,076
Capital and reserves
Called up share capital 4 200 200
Profit and loss account 100,955 89,876
Shareholders' funds 101,155 90,076
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A D Gilroy-Smith
Director
Approved by the board on 19 October 2016
AGS DRAINAGE LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Intangible fixed assets £
Cost
At 1 April 2015 100,333
At 31 March 2016 100,333
Amortisation
At 1 April 2015 94,201
Provided during the year 3,067
At 31 March 2016 97,268
Net book value
At 31 March 2016 3,065
At 31 March 2015 6,132
3 Tangible fixed assets £
Cost
At 1 April 2015 201,172
Additions 13,933
At 31 March 2016 215,105
Depreciation
At 1 April 2015 124,784
Charge for the year 18,089
At 31 March 2016 142,873
Net book value
At 31 March 2016 72,232
At 31 March 2015 76,388
4 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 200 200 200
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