Company Registration No. 04827160 (England and Wales)
AGT INTERNATIONAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
AGT INTERNATIONAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AGT INTERNATIONAL LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,259
100
Current assets
Debtors
338,907
194,923
Cash at bank and in hand
85,501
232,091
424,408
427,014
Creditors: amounts falling due within one year
(106,719)
(138,712)
Net current assets
317,689
288,302
Total assets less current liabilities
318,948
288,402
Capital and reserves
Called up share capital
3
4
4
Profit and loss account
318,944
288,398
Shareholders' funds
318,948
288,402
For the financial year ended 31 July 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 24 April 2017
G Lacourt
Director
Company Registration No. 04827160
AGT INTERNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 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:
Plant and machinery
33% straight line
1.5
Revenue recognition
Revenue is recognised when the rights and obligations have been passed to the customer.
2
Fixed assets
Tangible assets
£
Cost
At 1 August 2015
4,277
Additions
1,332
At 31 July 2016
5,609
Depreciation
At 1 August 2015
4,177
Charge for the year
173
At 31 July 2016
4,350
Net book value
At 31 July 2016
1,259
At 31 July 2015
100
AGT INTERNATIONAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4 Ordinary of £1 each
4
4