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63377062015-09-012016-08-31falsetruehttp://www.companieshouse.gov.uk/2015-08-31http://www.companieshouse.gov.uk/cd:Director12015-09-012016-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-09-012016-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-08-31http://www.companieshouse.gov.uk/2014-09-012015-08-31http://www.companieshouse.gov.uk/2015-09-012016-08-31http://www.companieshouse.gov.uk/2015-08-31http://www.companieshouse.gov.uk/2016-08-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 6337706






AGS SHIPPING LTD.


ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31/08/2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/08/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 6337706


Registered Number: 6337706

BALANCE SHEET AT 31/08/2016

			2016		2015
	Notes		£		£


CURRENT ASSETS
Debtors (amounts falling due within one year)	2	542,668		405,193
Cash at bank and in hand		117,804		698
		660,472		405,891
CREDITORS: Amounts falling due within one year		678,097		534,327
NET CURRENT LIABILITIES			(17,625)		(128,436)
TOTAL ASSETS LESS CURRENT LIABILITIES			(17,625)		(128,436)

CAPITAL AND RESERVES

Called up share capital	3		1		1
Profit and loss account			(17,626)		(128,437)
SHAREHOLDERS' FUNDS			(17,625)		(128,436)

For the year ending 31/08/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 01/05/2017 and signed on their behalf by




Hema Noronha
Director




2. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	542,668	405,193
	542,668	405,193




3. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each	1	1
	1	1




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).




1c. Foreign Currency
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.




1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.