

			Company registration number:04019993






		AGM TELEMATICS LIMITED

			ABBREVIATED FINANCIAL STATEMENTS

			FOR THE YEAR ENDED 30 June 2016



AGM TELEMATICS LIMITED

BALANCE SHEET

AS AT 30 June 2016

		2016		2015
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	2		17,239		10,498

			17,239		10,498

CURRENT ASSETS
Stocks		23,456		18,801
Debtors		40,166		38,278
Cash at bank and in hand		92,516		54,157

		156,138		111,236

CREDITORS
Amounts falling due within one year		(52,707)		(66,338)

NET CURRENT ASSETS			103,431		44,898

TOTAL ASSETS LESS
CURRENT LIABILITIES			120,670		55,396



NET ASSETS			120,670		55,396



CAPITAL AND RESERVES
Called-up equity share capital	3		155		155
Other Reserves			10,000		10,000
Profit and loss account			110,515		45,241

SHAREHOLDERS FUNDS			120,670		55,396



For the year ending 30 June 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 the accounts.


These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.




..........................................................................
G Weston

2 September 2016
The annexed notes form part of these financial statements.

AGM TELEMATICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

Accounting policies

Basis of preparing the financial statements

The accounts 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 income receivable for goods and services provided in the period, exclusive of VAT and trade discounts.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 20% per annum straight line Computer equipment 33.3% per annum straight line

Motor vehicles 25% per annum straight line

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities arise from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.



2.	Tangible fixed assets

		Total

	Cost
	At start of period	124,885
	Additions	17,085
	Disposals	(38,655)
	At end of period	103,315

	Depreciation
	At start of period	114,387
	Provided during the period	9,294
	On disposals	(37,605)
	At end of period	86,076

	Net Book Value
	At start of period	10,498
	At end of period	17,239


3.	Share capital	Allotted, issued and fully paid
		Allotted, issued and fully paid
		2016	2015
		£	£

	'A' Ordinary shares of £1 each	150	150
	'B' Ordinary shares of £1 each	1	1
	'C' Ordinary shares of £1 each	4	4
	Total issued share capital	155	155





4.	Ultimate controlling party
	There is no ultimate controlling party.