AGL Productions Ltd - Accounts to registrar

REGISTERED NUMBER: 05350056 (England and Wales)

AGL PRODUCTIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A G Longden

REGISTERED OFFICE:

Flat 2 Eastgate Court

Stanhope Avenue

Finchley

London

N3 3LX

REGISTERED NUMBER:

05350056 (England and Wales)

ACCOUNTANTS:

Joseph Kahan Associates LLP

Chartered Accountants

923 Finchley Road

London

NW11 7PE

FIXED ASSETS

Tangible assets

4

175

-

CURRENT ASSETS

Debtors

5

2,477

2,000

Cash at bank

4,803

5,419

7,280

7,419

CREDITORS

Amounts falling due within one year

6

4,387

7,236

NET CURRENT ASSETS

2,893

183

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,068

183

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

2,968

83

SHAREHOLDERS' FUNDS

3,068

183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 May 2017 and were signed by:

A G Longden - Director

1.	STATUTORY INFORMATION

AGL Productions Ltd 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 the gross invoiced value of services rendered.

Tangible fixed assets

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

Equipment

-

50% on cost

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 that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 March 2016

1,687

Additions

350

At 28 February 2017

2,037

DEPRECIATION

At 1 March 2016

1,687

Charge for year

175

At 28 February 2017

1,862

NET BOOK VALUE

At 28 February 2017

175

At 29 February 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

2,477

2,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Corporation tax

3,866

4,507

Director's current account

21

2,229

Accrued expenses

500

4,387

7,236

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

100

Ordinary

£1

100

8.

RESERVES

Retained

earnings

£

At 1 March 2016

83

Profit for the year

15,535

Dividends

(12,650

)

At 28 February 2017

2,968

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Longden.