Agnew Services Limited - Period Ending 2016-05-31

Agnew Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

Agnew Services Limited
(Registration number: 06901362)
Abbreviated Balance Sheet at 31 May 2016

	Note	2016 £	2015 £
Current assets
Debtors		1,594	1,115
Cash at bank and in hand		21,836	22,454
		23,430	23,569
Creditors: Amounts falling due within one year		(17,787)	(21,616)
Net assets		5,643	1,953
Capital and reserves
Called up share capital	3	500	500
Profit and loss account		5,143	1,453
Shareholders' funds		5,643	1,953

The notes on pages 3 to 4 form an integral part of these financial statements.
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Agnew Services Limited
(Registration number: 06901362)
Abbreviated Balance Sheet at 31 May 2016
......... continued

For the year ending 31 May 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 3 August 2016

.........................................
Mr B Agnew
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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Agnew Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. It includes the relevant proportion of contract values where work is partially performed in the year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 June 2015	750	750
At 31 May 2016	750	750
Depreciation
At 1 June 2015	750	750
At 31 May 2016	750	750
Net book value
At 31 May 2016	-	-
At 31 May 2015	-	-

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Agnew Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		500	500		500	500

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