AGM Telecommunications Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		6,015		6,120

			6,015		6,120
CURRENT ASSETS
Debtors		56,649		32,449
Cash at bank and in hand		35,212		40,732

		91,861		73,181
Creditors: Amounts Falling Due Within One Year		(66,058 )		(61,745 )

NET CURRENT ASSETS (LIABILITIES)			25,803		11,436

TOTAL ASSETS LESS CURRENT LIABILITIES			31,818		17,556

NET ASSETS			31,818		17,556

CAPITAL AND RESERVES
Called up share capital	3		120		120
Profit and Loss Account			31,698		17,436

SHAREHOLDERS' FUNDS			31,818		17,556

Company No. 03730221

Abbreviated Balance Sheet (continued) 31 March 2016

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated 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 2015).

On behalf of the board

Mr Paul Green

22 December 2016

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 Financial Reporting Standard for Smaller Entities (effective January 2015).

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. 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:

Computer Equipment

33% reducing balance

2. Tangible Assets


	Total
Cost	£
As at 1 April 2015	18,253
Additions	2,857

As at 31 March 2016	21,110

Depreciation
As at 1 April 2015	12,133
Provided during the period	2,962

As at 31 March 2016	15,095

Net Book Value
As at 31 March 2016	6,015

As at 1 April 2015	6,120

3. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	120	120	120

4. Transactions With and Loans to Directors

In the normal course of business the following took place

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AGM Telecommunications Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2016

1 Services were provided by James Green ( trading as QuickTelecoms) amounting to £1,418 ( 2015 : £1,999 ). At the balance sheet date the balance due to him in respect of invoiced amounts was NIL ( 2015 : NIL ).

2 Services were provided by Samantha Costello ( trading as Little Green Studio ) amounting to £2,626 ( 2015 : £2,936 ). At the balance sheet date the balance due to her in respect of invoiced amounts was NIL ( 2015 : £1,200 ).

5. Ultimate Controlling Party

In the opinion of the directors there is no single controlling party.