| Registered Number:05340208 |
For the year ended 31 January 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2017
A & S Agnew Co Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
A & S Agnew Co Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
501,915
497,542
2
501,915
497,542
| Trade and other receivables |
10,229
28,771
3
-
10,000
4
38,771
10,229
| Trade and other payables: amounts falling due within one year |
(46,637)
(47,251)
5
(36,408)
(8,480)
Net current liabilities
| Total assets less current liabilities |
493,435
461,134
| Trade and other payables: amounts falling due after more than |
| one year |
(382,601)
(377,801)
6
(11,246)
(308)
| Provisions for liabilities |
104,388
Net assets
78,225
100
100
53,950
65,000
7
50,338
13,125
104,388
78,225
Shareholders' funds
| For the year ended 31 January 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| Mr Stephen Hardcastle Agnew Director |
| These financial statements were approved and authorised for issue by the Board on 13 October 2017 and were signed by: |
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For the year ended 31 January 2017
A & S Agnew Co Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
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For the year ended 31 January 2017
A & S Agnew Co Limited
Notes to the Financial Statements
Statutory Information
| A & S Agnew Co Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 05340208. |
The Pavillion, Tower End
Middleton
King's Lynn
Norfolk
PE32 1EE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as modified by the revaluation of certain |
| assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
Furniture and Fittings
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 January 2017
A & S Agnew Co Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
500,156
1,681
1,700
775
496,000
4,759
-
-
-
4,759
775
1,700
1,681
504,915
500,759
| Provision for depreciation and impairment |
2,614
1,138
744
732
-
Charge for year
386
136
239
11
-
3,000
1,274
983
743
-
500,759
32
717
407
501,915
496,000
43
956
543
497,542
| 3. Trade and other receivables |
2016
2017
22,099
10,229
6,672
-
10,229
28,771
| 4. Financial instruments at fair value |
2016
2017
10,000
-
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
10,651
16,337
2,023
-
| Taxation and social security |
14,517
11,324
20,060
18,976
47,251
46,637
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For the year ended 31 January 2017
A & S Agnew Co Limited
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due after more than one year |
2016
2017
377,801
382,601
-
-
377,801
382,601
| Revaluation reserve at 01 February 2016 |
65,000
| Deferred tax provided on revaluation |
(11,050)
53,950
| Revaluation reserve at 31 January 2017 |
| 8. Related party transactions |
| Related Party Transactions |
| The debit movement of £10,304 is represented by drawings. |
| During the year, the company paid £41,600 to Mr S Agnew for the lease of properties held in his name. |
| The company also leased properties jointly owned by Mr S Agnew and his sister-in-law. |
| 9. Average number of persons employed |
During the year the average number of employees was 1 (2016 : 1)
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