AGM PLASTICS LIMITED

Company Registration Number:
06119876 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 30 April 2015

End date: 29 April 2016

AGM PLASTICS LIMITED

Abbreviated Balance sheet

As at 29 April 2016


Notes

2016
£

2015
£
Fixed assets
Intangible assets: 2 20
Tangible assets: 3 14,620 19,135
Total fixed assets: 14,620 19,155
Current assets
Stocks: 12,000 10,000
Debtors: 25,991 38,746
Cash at bank and in hand: 28 125
Total current assets: 38,019 48,871
Creditors: amounts falling due within one year: ( 52,036 ) ( 67,608 )
Net current assets (liabilities): ( 14,017 ) ( 18,737 )
Total assets less current liabilities: 603 418
Total net assets (liabilities): 603 418

The notes form part of these financial statements

AGM PLASTICS LIMITED

Balance sheet continued

As at 29 April 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 4 12 12
Profit and loss account: 591 406
Shareholders funds: 603 418

For the year ending 29 April 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.

The financial statements were approved by the Board of Directors on 25 August 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Anthony Walton
Status: Director

The notes form part of these financial statements

AGM PLASTICS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 April 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention

    Turnover policy

    Turnover represents net invoiced sales of goods and services, excluding VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
    Motor vehicles 25% per annum reducing balance
    Plant and Machinery 20% per annum reducing balance
    Office Equipment 20% per annum reducing balance

AGM PLASTICS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 April 2016

  • 2. Intangible assets

    Total
    Cost £
    30 April 2015: 350
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    29 April 2016: 350
    Amortisation
    30 April 2015: 330
    Provided during the period: 20
    On disposals: 0
    Other Adjustments: 0
    29 April 2016: 350
    Net book value
    29 April 2016: 0
    29 April 2015: 20

AGM PLASTICS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 April 2016

  • 3. Tangible assets

    Total
    Cost £
    30 April 2015: 50,204
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    29 April 2016: 50,204
    Depreciation
    30 April 2015: 31,069
    Charge for year: 4,515
    On disposals: 0
    Other adjustments: 0
    29 April 2016: 35,584
    Net book value
    29 April 2016: 14,620
    29 April 2015: 19,135

AGM PLASTICS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 29 April 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 12 1.00 12
    Preference shares: 0
    Total share capital (£): 12
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 12 1.00 12
    Preference shares: 0
    Total share capital (£): 12