Unaudited Financial Statements for the Year Ended 31 March 2016

for

AGM Groundwork Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Ducker

SECRETARY:

Ms D Clements

REGISTERED OFFICE:

Torwood

Tintagel Road

Finchampstead

Wokingham

Berkshire

RG40 3JJ

REGISTERED NUMBER:

04675208

ACCOUNTANTS:

Peter Upton

Bridge House

2 Bridge Avenue

Maidenhead

Berkshire

SL6 1RR

FIXED ASSETS

Tangible assets

2

23,066

30,755

CURRENT ASSETS

Debtors

3

2,606

8,136

Cash at bank

15,524

5,449

18,130

13,585

CREDITORS

Amounts falling due within one year

4

36,803

38,502

NET CURRENT LIABILITIES

(18,673

)

(24,917

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,393

5,838

CREDITORS

Amounts falling due after more than one year

5

(222

)

(5,272

)

PROVISIONS FOR LIABILITIES

7

(399

)

(1,547

)

NET ASSETS/(LIABILITIES)

3,772

(981

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

3,672

(1,081

)

SHAREHOLDERS' FUNDS

3,772

(981

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements were approved by the director on 6 June 2016 and were signed by:

G Ducker - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with 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.

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial

statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and

Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax assets and liabilities are recognised in the balance sheet in respect of all timing

differences that have originated but not reversed at the balance sheet date where transactions or events

that result in an obligation to pay more or a right to pay less tax in the future have occurred by the

balance sheet date.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse. Any movements in the year are

recognised in the profit and loss account.

Hire purchase and leasing commitments

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

of the lease.

2.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2015

and 31 March 2016

68,187

28,400

1,455

98,042

DEPRECIATION

At 1 April 2015

53,091

12,948

1,248

67,287

Charge for year

3,774

3,863

52

7,689

At 31 March 2016

56,865

16,811

1,300

74,976

NET BOOK VALUE

At 31 March 2016

11,322

11,589

155

23,066

At 31 March 2015

15,096

15,452

207

30,755

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Trade debtors

2,606

8,136

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Other loans (see note 6)

15,050

18,050

Trade creditors

-

15

Tax

2,595

-

Social security and other taxes

339

438

VAT

4,160

3,786

Net wages

1,031

935

Directors' current accounts

12,018

11,498

Accrued expenses

1,610

3,780

36,803

38,502

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.16

31.3.15

£

£

Other loans (see note 6)

222

5,272

6.

LOANS

An analysis of the maturity of loans is given below:

31.3.16

31.3.15

£

£

Amounts falling due within one year or on demand:

Other loans

15,050

18,050

Amounts falling due between two and five years:

Other loans - 2-5 years

222

5,272

7.	PROVISIONS FOR LIABILITIES

31.3.16

31.3.15

£

£

Deferred tax

399

1,547

Deferred

tax

£

Balance at 1 April 2015

1,547

Provided during year

(1,148

)

Balance at 31 March 2016

399

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2015

(1,081

)

Profit for the year

8,753

Dividends

(4,000

)

At 31 March 2016

3,672

10.	RELATED PARTY DISCLOSURES

G Ducker

A director of the company

During the year the director made payments on behalf of the company amounting to £520.

31.3.16

31.3.15

£

£

Amount due to related party at the balance sheet date

11,498

11,498

11.	ULTIMATE CONTROLLING PARTY

The controlling party is G Ducker.