Registered Number 04179678

AGL LTD

Abbreviated Accounts

31 March 2016

AGL LTD Registered Number 04179678

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 167,195 180,056
Tangible assets 3 18,229 21,950
185,424 202,006
Current assets
Stocks 2,500 2,500
Cash at bank and in hand 116,196 198,102
118,696 200,602
Creditors: amounts falling due within one year (180,966) (341,184)
Net current assets (liabilities) (62,270) (140,582)
Total assets less current liabilities 123,154 61,424
Total net assets (liabilities) 123,154 61,424
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 123,152 61,422
Shareholders' funds 123,154 61,424
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2016

And signed on their behalf by:
MRS. A. LEUNG, Director

AGL LTD Registered Number 04179678

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% pa on cost
Fixtures & Fittings - 15% pa on cost
Motor Vehicles - 25% pa on cost

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - Over life of lease (18 years)

2Intangible fixed assets
£
Cost
At 1 April 2015 231,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 231,500
Amortisation
At 1 April 2015 51,444
Charge for the year 12,861
On disposals -
At 31 March 2016 64,305
Net book values
At 31 March 2016 167,195
At 31 March 2015 180,056
3Tangible fixed assets
£
Cost
At 1 April 2015 89,769
Additions 2,075
Disposals -
Revaluations -
Transfers -
At 31 March 2016 91,844
Depreciation
At 1 April 2015 67,819
Charge for the year 5,796
On disposals -
At 31 March 2016 73,615
Net book values
At 31 March 2016 18,229
At 31 March 2015 21,950
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2

5Transactions with directors

Name of director receiving advance or credit: MRS. A. LEUNG
Description of the transaction: Loan to company
Balance at 1 April 2015: £ 217,749
Advances or credits made: -
Advances or credits repaid: £ 156,337
Balance at 31 March 2016: £ 61,412

All transactions with the director are shown in the director's current account. The balance at the year end is shown as part of creditors in the notes to the accounts.