REGISTERED NUMBER: 04666361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

A & G Flooring Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Wells

SECRETARY:

REGISTERED OFFICE:

First Floor Office

Westerham Garage

190 London Road

Westerham

Kent

TN16 2DJ

REGISTERED NUMBER:

04666361 (England and Wales)

ACCOUNTANTS:

AFS Accountants

First Floor Office

Westerham Garage

190 London Road

Westerham

Kent

TN16 2DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,292

4,390

3,292

4,390

CURRENT ASSETS

Stocks

6,500

6,525

Debtors

6

18,475

11,715

Cash at bank

37

37

25,012

18,277

CREDITORS

Amounts falling due within one year

7

28,124

19,783

NET CURRENT LIABILITIES

(3,112

)

(1,506

)

TOTAL ASSETS LESS CURRENT LIABILITIES

180

2,884

CREDITORS

Amounts falling due after more than one year

8

-

2,858

NET ASSETS

180

26

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

178

24

SHAREHOLDERS' FUNDS

180

26

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 14 December 2018 and were signed by:

A Wells - Director

1.	STATUTORY INFORMATION

A & G Flooring Services 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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.

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

Stocks

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

moving items.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

10,000

AMORTISATION

At 1 April 2017

and 31 March 2018

10,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

20,180

DEPRECIATION

At 1 April 2017

15,790

Charge for year

1,098

At 31 March 2018

16,888

NET BOOK VALUE

At 31 March 2018

3,292

At 31 March 2017

4,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

5,136

2,296

Other debtors

13,339

9,419

18,475

11,715

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

8,364

12,648

Trade creditors

8,620

4,419

Taxation and social security

9,726

1,623

Other creditors

1,414

1,093

28,124

19,783

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

-

2,858