REGISTERED NUMBER: 02632239 (England and Wales)

A.G. PLATEWARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Geffin

SECRETARY:

Mrs W Geffin

REGISTERED OFFICE:

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

02632239 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Tangible assets

4

312

417

CURRENT ASSETS

Stocks

5

10,220

15,000

Debtors

6

6,953

11,135

Cash at bank and in hand

39,069

56,044

56,242

82,179

CREDITORS

Amounts falling due within one year

7

47,906

79,459

NET CURRENT ASSETS

8,336

2,720

TOTAL ASSETS LESS CURRENT LIABILITIES

8,648

3,137

PROVISIONS FOR LIABILITIES

8

62

-

NET ASSETS

8,586

3,137

CAPITAL AND RESERVES

Called up share capital

9

150

150

Share premium

10

850

850

Retained earnings

10

7,586

2,137

SHAREHOLDERS' FUNDS

8,586

3,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 April 2018 and were signed by:

Mr A Geffin - Director

1.	STATUTORY INFORMATION

A.G. Plateware Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised on the

earlier receipt of the invoice or the receipt of the funds relating thereto.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the director considers that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are

expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2016

16,249

8,290

24,539

Additions

-

416

416

At 30 September 2017

16,249

8,706

24,955

DEPRECIATION

At 1 October 2016

15,843

8,279

24,122

Charge for year

406

115

521

At 30 September 2017

16,249

8,394

24,643

NET BOOK VALUE

At 30 September 2017

-

312

312

At 30 September 2016

406

11

417

5.

STOCKS

2017

2016

£

£

Finished goods

10,220

15,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

6,599

8,535

Prepayments

354

2,600

6,953

11,135

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,340

10,848

Corporation tax

6,220

1,723

Social security and other taxes

429

229

VAT

4,580

4,681

Other creditors

-

10,494

Directors' current accounts

25,737

29,083

Accrued expenses

1,600

22,401

47,906

79,459

8.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

62

-

Deferred

tax

£

Provided during year

62

Balance at 30 September 2017

62

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

150

Ordinary

£1

150

150

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 October 2016

2,137

850

2,987

Profit for the year

25,449

25,449

Dividends

(20,000

)

(20,000

)

At 30 September 2017

7,586

850

8,436

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,667 were paid to the director .

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Geffin.