REGISTERED NUMBER: 06886231 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2017

for

AGT Environmental Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

H C R Crook

G W Feather

D Eagland

REGISTERED OFFICE:

Peveril

Rotherfield Road

Henley on Thames

Oxfordshire

RG9 1NR

REGISTERED NUMBER:

06886231 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 30 April 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2016 to the date of this report.

H C R Crook

G W Feather

D Eagland

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

G W Feather - Director

22 January 2018

TURNOVER

3,240

3,420

Administrative expenses

6,174

6,652

OPERATING LOSS

4

(2,934

)

(3,232

)

Interest payable and similar expenses

-

3

LOSS BEFORE TAXATION

(2,934

)

(3,235

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(2,934

)

(3,235

)

FIXED ASSETS

Intangible assets

5

558,497

558,497

Tangible assets

6

7,238

8,145

565,735

566,642

CURRENT ASSETS

Debtors

7

7,778

7,000

Cash at bank

-

637

7,778

7,637

CREDITORS

Amounts falling due within one year

8

550,193

548,025

NET CURRENT LIABILITIES

(542,415

)

(540,388

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,320

26,254

CAPITAL AND RESERVES

Called up share capital

53,497

53,497

Retained earnings

(30,177

)

(27,243

)

SHAREHOLDERS' FUNDS

23,320

26,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 22 January 2018 and were signed on its behalf by:

G W Feather - Director

1.	STATUTORY INFORMATION

AGT Environmental Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill and intangible intellectual property

In the opinion of the directors, goodwill and intangible intellectual property assets should be amortised over the

duration of the period for which licences are granted to customers. The directors expect that the first licence will

be granted shortly. The useful life is not expected to exceed twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	OPERATING LOSS

The operating loss is stated after charging:

2017

2016

£

£

Depreciation - owned assets

907

908

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

53,496

505,001

558,497

NET BOOK VALUE

At 30 April 2017

53,496

505,001

558,497

At 30 April 2016

53,496

505,001

558,497

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

9,053

DEPRECIATION

At 1 May 2016

908

Charge for year

907

At 30 April 2017

1,815

NET BOOK VALUE

At 30 April 2017

7,238

At 30 April 2016

8,145

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

7,778

7,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

894

-

Trade creditors

697

1,357

Taxation and social security

160

684

Other creditors

548,442

545,984

550,193

548,025