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 |
|
|
|
|
|
|
|
|
|