Company Registration No. 06436514 (England and Wales)
A & G INSURANCE SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
A & G INSURANCE SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
A & G INSURANCE SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,530
6,948
Current assets
Debtors
8,569
9,745
Cash at bank and in hand
95,772
73,747
104,341
83,492
Creditors: amounts falling due within one year
(57,003)
(66,694)
Net current assets
47,338
16,798
Total assets less current liabilities
55,868
23,746
Provisions for liabilities
(1,501)
(1,197)
54,367
22,549
Capital and reserves
Called up share capital
3
8,000
8,000
Profit and loss account
46,367
14,549
Shareholders'  funds
54,367
22,549
For the financial year ended 31 May 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 September 2016
Mr Andrew Morton
Mr Gavin Martin
Director
Director
Company Registration No. 06436514
A & G INSURANCE SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
20 per cent per annum straight line.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
21,101
Additions
5,338
At 31 May 2016
26,439
Depreciation
At 1 June 2015
14,153
Charge for the year
3,756
At 31 May 2016
17,909
Net book value
At 31 May 2016
8,530
At 31 May 2015
6,948
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
8,000 Ordinary shares of £1 each
8,000
8,000
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