REGISTERED NUMBER: 05251047

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

A.G.S. Gas Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Airlie

Mrs A L Airlie

SECRETARY:

Mrs A L Airlie

REGISTERED OFFICE:

Unit 24 Arden Business Centre

Arden Road

Alcester

Warwickshire

B49 6HW

REGISTERED NUMBER:

05251047

ACCOUNTANTS:

Derek Young & Co Accountants LLP

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

65,312

67,867

65,312

67,867

CURRENT ASSETS

Stocks

9,920

57,945

Debtors

75,806

74,391

Cash at bank

29,806

38,557

115,532

170,893

CREDITORS

Amounts falling due within one year

99,739

142,879

NET CURRENT ASSETS

15,793

28,014

TOTAL ASSETS LESS CURRENT LIABILITIES

81,105

95,881

CREDITORS

Amounts falling due after more than one year

(26,942

)

(16,998

)

PROVISIONS FOR LIABILITIES

(8,437

)

(8,546

)

NET ASSETS

45,726

70,337

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

45,724

70,335

SHAREHOLDERS' FUNDS

45,726

70,337

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 February 2017 and were signed on its behalf by:

P J Airlie - 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).

Turnover

Turnover represents amounts derived from the provision of goods and services falling within the company's

ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so

derived.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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.

Motor vehicles

-

25% on reducing balance

Equipment

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

65,000

AMORTISATION

At 1 November 2015

and 31 October 2016

65,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

202,953

Additions

17,838

At 31 October 2016

220,791

DEPRECIATION

At 1 November 2015

135,086

Charge for year

20,393

At 31 October 2016

155,479

NET BOOK VALUE

At 31 October 2016

65,312

At 31 October 2015

67,867

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Share capital 1

£1

2

2