Company Registration No. 06804957 (England and Wales)
AGUSHIA LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
AGUSHIA LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AGUSHIA LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2014
30 April 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
334,274
395,081
Current assets
Stocks
44,640
24,266
Debtors
182,655
153,703
Cash at bank and in hand
141,447
191,024
368,742
368,993
Creditors: amounts falling due within one year
(713,413)
(452,894)
Net current liabilities
(344,671)
(83,901)
Total assets less current liabilities
(10,397)
311,180
Creditors: amounts falling due after more than one year
(326,090)
(10,397)
(14,910)
Capital and reserves
Called up share capital
3
50,000
50,000
Share premium account
50,000
50,000
Profit and loss account
3
(110,397)
(114,910)
Shareholders' funds
(10,397)
(14,910)
AGUSHIA LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2014
30 April 2014
- 2 -
For the financial year ended 30 April 2014 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 18 December 2014
Jad Youssef
Director
Company Registration No. 06804957
AGUSHIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
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 April 2008).
Material uncertainty
The financial statements have been drawn up on a going concern basis, the validity of which depends
upon the continuance support of the directors and shareholders.
This basis may not be appropriate as the company's liabilities exceed its total assets by £10,397 at the
balance sheet date.
Should the company be unable to continue trading, adjustments would have to be made to reduce the
value of assets to their recoverable amount to provide for any further liabilities which might arise, and
to reclassify fixed assets as current assets and long term liabilities as current liabilities.
In the opinion of the directors the going concern basis is appropriate. In arriving at this opinion, the
directors have considered the following factors
i. The net asset position of the company
ii. The availability of finance from the directors and shareholders
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:
Land and buildings Leasehold
Over the remaining term of the lease
Improvements to property
25% reducing balance basis
Plant and machinery
25% Reducing balance basis
Computer equipment
25% Reducing balance basis
Fixtures, fittings & equipment
25% Reducing balance basis
Motor vehicles
25% Reducing balance basis
AGUSHIA LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2013
671,265
Additions
37,931
At 30 April 2014
709,196
Depreciation
At 1 May 2013
276,185
Charge for the year
98,737
At 30 April 2014
374,922
Net book value
At 30 April 2014
334,274
At 30 April 2013
395,081
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
50,000 of £1 each
50,000
50,000