ALG Luxury Transfers Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 07433877

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	7		23,723		23,723
Tangible Assets	8		18,372		24,106

			42,095		47,829
CURRENT ASSETS
Debtors	9	18,523		55,025
Cash at bank and in hand		-		1

		18,523		55,026
Creditors: Amounts Falling Due Within One Year	10	(46,229 )		(49,390 )

NET CURRENT ASSETS (LIABILITIES)			(27,706 )		5,636

TOTAL ASSETS LESS CURRENT LIABILITIES			14,389		53,465

Creditors: Amounts Falling Due After More Than One Year	11		(15,836 )		(60,866 )

NET ASSETS			(1,447 )		(7,401 )

CAPITAL AND RESERVES
Called up share capital	13		1		1
Profit and loss account			(1,448 )		(7,402 )

SHAREHOLDERS' FUNDS			(1,447)		(7,401)

Page 1

Balance Sheet (continued)

As at 30 November 2017

For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Andrew Green

9 February 2018

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 December 2015	1	14,363	14,364
Loss for the year and total comprehensive income	-	(21,765 )	(21,765)

As at 30 November 2016 and 1 December 2016	1	(7,402 )	(7,401)


Profit for the year and total comprehensive income	-	5,954	5,954

As at 30 November 2017	1	(1,448 )	(1,447)

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%

1.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

1.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	3	-

	3	-

Page 4

ALG Luxury Transfers Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 November 2017

7. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2016	23,723

As at 30 November 2017	23,723

Net Book Value
As at 30 November 2017	23,723

As at 1 December 2016	23,723

8. Tangible Assets


	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 December 2016	1,945	46,471	48,416
Additions	391	-	391

As at 30 November 2017	2,336	46,471	48,807

Depreciation
As at 1 December 2016	1,442	22,868	24,310
Provided during the period	224	5,901	6,125

As at 30 November 2017	1,666	28,769	30,435

Net Book Value
As at 30 November 2017	670	17,702	18,372

As at 1 December 2016	503	23,603	24,106

9. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	18,523	35,638
Prepayments and accrued income	-	4,608
Other debtors	-	14,779

	18,523	55,025

Page 5

ALG Luxury Transfers Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 November 2017

10. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	-	8,059
Bank loans and overdrafts	15,065	19,314
Corporation tax	992	-
Other taxes and social security	435	-
VAT	6,780	8,063
Net wages	-	1,010
Other creditors	2,522	3,800
Director's loan account	20,435	9,144

	46,229	49,390

11. Creditors: Amounts Falling Due After More Than One Year

	2017	2016
	£	£
Net obligations under finance lease and hire purchase contracts	9,073	17,063
Loan - Private credit cards	-	4,520
Other creditors (2)	-	32,818
Nat West Business card	6,763	6,465

	15,836	60,866

12. Obligations Under Finance Leases and Hire Purchase

	2017	2016
	£	£
The maturity of these amounts is as follows:
Amounts Payable:
after more than five years	9,073	17,063

	9,073	17,063

	9,073	17,063

13. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1	1	1

Page 6

ALG Luxury Transfers Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 November 2017

14. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

15. General Information

ALG Luxury Transfers Limited Registered number 07433877 is a limited by shares company incorporated in England & Wales. The Registered Office is Wood Marsh Farm Cottage, 18 Wood Marsh, North Bradley, Wiltshire, BA14 0SB.