REGISTERED NUMBER: 05584374 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

A & GT Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Taylor

G M Taylor

SECRETARY:

G M Taylor

REGISTERED OFFICE:

Penmore House

Hasland

Chesterfield

Derbyshire

S41 0SJ

REGISTERED NUMBER:

05584374 (England and Wales)

ACCOUNTANTS:

Allround Accountancy Services Limited

Penmore House

Hasland Road

Hasland

Chesterfield

Derbyshire

S41 0SJ

FIXED ASSETS

Tangible assets

4

-

6,389

CURRENT ASSETS

Stocks

-

50

Debtors

5

524

2,594

Cash at bank and in hand

-

1,344

524

3,988

CREDITORS

Amounts falling due within one year

6

9,101

9,483

NET CURRENT LIABILITIES

(8,577

)

(5,495

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,577

)

894

CREDITORS

Amounts falling due after more than one year

7

-

7,500

NET LIABILITIES

(8,577

)

(6,606

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(8,677

)

(6,706

)

SHAREHOLDERS' FUNDS

(8,577

)

(6,606

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 31 January 2018 and were signed on its behalf by:

A P Taylor - Director

1.	STATUTORY INFORMATION

A & GT Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance and 15% on reducing balance

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

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

sheet 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

25,855

Disposals

(25,855

)

At 31 October 2017

-

DEPRECIATION

At 1 November 2016

19,466

Charge for year

1,620

Eliminated on disposal

(21,086

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

6,389

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

524

2,594

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,231

-

Trade creditors

-

1

Taxation and social security

923

1,523

Other creditors

6,947

7,959

9,101

9,483

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

-

7,500

8.	RELATED PARTY DISCLOSURES

The amount due on loans made by the directors to the company at the balance sheet date was £6,444

(2016:£14,891).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors..