AGR Reftek Limited - Period Ending 2016-06-30

AGR Reftek Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016

Alwyn Thomas Limited
Glenaub House
Old School Rd
Porthcawl
Bridgend
CF36 3AW

AGR Reftek Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AGR Reftek Limited
for the Year Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AGR Reftek Limited for the year ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of AGR Reftek Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AGR Reftek Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGR Reftek Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AGR Reftek Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AGR Reftek Limited. You consider that AGR Reftek Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AGR Reftek Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Alwyn Thomas Limited
Glenaub House
Old School Rd
Porthcawl
Bridgend
CF36 3AW

11 January 2017

Page 1

AGR Reftek Limited
(Registration number: 07331591)
Abbreviated Balance Sheet at 30 June 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		147	303
Current assets
Debtors		19	240
Cash at bank and in hand		142	2,351
		161	2,591
Creditors: Amounts falling due within one year		(8,241)	(2,295)
Net current (liabilities)/assets		(8,080)	296
Total assets less current liabilities		(7,933)	599
Creditors: Amounts falling due after more than one year		-	(11,000)
Net liabilities		(7,933)	(10,401)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(7,934)	(10,402)
Shareholders' deficit		(7,933)	(10,401)

For the year ending 30 June 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 director acknowledges his 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 director on 11 January 2017

.........................................
Mr Andrew G Roberts
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

AGR Reftek Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis, given the continued financial support of the company director.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% SL
Plant & Equiptment	20% SL

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

AGR Reftek Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 July 2015	819	819
At 30 June 2016	819	819
Depreciation
At 1 July 2015	516	516
Charge for the year	156	156
At 30 June 2016	672	672
Net book value
At 30 June 2016	147	147
At 30 June 2015	303	303

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary of £1 each		1	1		1	1

Page 4