REGISTERED NUMBER: 05584374 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2016

for

A & GT Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Taylor

G M Taylor

SECRETARY:

G M Taylor

REGISTERED OFFICE:

Penmore House

Hasland

Chesterfield

Derbyshire

S41 0SJ

REGISTERED NUMBER:

05584374 (England and Wales)

ACCOUNTANTS:

Allround Accountancy Services Limited

Penmore House

Hasland Road

Hasland

Chesterfield

Derbyshire

S41 0SJ

FIXED ASSETS

Tangible assets

2

6,389

8,250

CURRENT ASSETS

Stocks

50

50

Debtors

3

2,594

5,703

Cash at bank and in hand

1,344

51

3,988

5,804

CREDITORS

Amounts falling due within one year

4

9,483

14,747

NET CURRENT LIABILITIES

(5,495

)

(8,943

)

TOTAL ASSETS LESS CURRENT LIABILITIES

894

(693

)

CREDITORS

Amounts falling due after more than one year

5

7,500

6,721

NET LIABILITIES

(6,606

)

(7,414

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Profit and loss account

9

(6,706

)

(7,514

)

SHAREHOLDERS' FUNDS

(6,606

)

(7,414

)

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

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

The directors acknowledge their 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 Board of Directors on 20 March 2017 and were signed on its behalf by:

A P Taylor - Director

1.	ACCOUNTING POLICIES

Accounting convention

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). The company continues to have the

full support of its directors.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2015

25,541

Additions

314

At 31 October 2016

25,855

DEPRECIATION

At 1 November 2015

17,291

Charge for year

2,175

At 31 October 2016

19,466

NET BOOK VALUE

At 31 October 2016

6,389

At 31 October 2015

8,250

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 November 2015

10,365

Transfer to ownership

(10,365

)

At 31 October 2016

-

DEPRECIATION

At 1 November 2015

4,535

Transfer to ownership

(4,535

)

At 31 October 2016

-

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

5,830

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,594

5,703

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

2,801

Hire purchase contracts

-

2,691

Trade creditors

1

1

Taxation and social security

1,523

2,137

Other creditors

7,959

7,117

9,483

14,747

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

1,721

Other creditors

7,500

5,000

7,500

6,721

6.

LOANS

An analysis of the maturity of loans is given below:

2016

2015

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

2,801

7.	OPERATING LEASE COMMITMENTS

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Profit

and loss

account

£

At 1 November 2015

(7,514

)

Profit for the year

808

At 31 October 2016

(6,706

)

10.	RELATED PARTY DISCLOSURES

The amount due on loans made by the directors to the company at the balance sheet date was £14,891

(2015:£11,786) of which £7,500 (2015:£5,000) is payable after one year.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors..