Registered Number 04666011

AGL EQUIPMENT LIMITED

Abbreviated Accounts

30 September 2013

AGL EQUIPMENT LIMITED Registered Number 04666011

Abbreviated Balance Sheet as at 30 September 2013

Notes 30/09/2013 31/03/2012
£ £
Fixed assets
Intangible assets 2 - 8,145
Tangible assets 3 - 2,945
- 11,090
Current assets
Stocks - 200
Debtors - 7,036
Cash at bank and in hand - 25
- 7,261
Creditors: amounts falling due within one year (22,405) (30,185)
Net current assets (liabilities) (22,405) (22,924)
Total assets less current liabilities (22,405) (11,834)
Total net assets (liabilities) (22,405) (11,834)
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (22,505) (11,934)
Shareholders' funds (22,405) (11,834)
  • For the year ending 30 September 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 June 2014

And signed on their behalf by:
A Luongo, Director

AGL EQUIPMENT LIMITED Registered Number 04666011

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of trade discounts. The company's turnover is derived entirely from it's principal activity of locksmiths. Income is recognised as turnover when the services have been rendered to the customer.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery: 25% reducing balance
Motor vehicles: 25% reducing balance

Intangible assets amortisation policy
The payment to acquire the franchise is written off in equal annual installments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 April 2012 16,290
Additions -
Disposals (16,290)
Revaluations -
Transfers -
At 30 September 2013 0
Amortisation
At 1 April 2012 8,145
Charge for the year -
On disposals (8,145)
At 30 September 2013 0
Net book values
At 30 September 2013 0
At 31 March 2012 8,145
3Tangible fixed assets
£
Cost
At 1 April 2012 15,011
Additions -
Disposals (15,011)
Revaluations -
Transfers -
At 30 September 2013 0
Depreciation
At 1 April 2012 12,066
Charge for the year 1,472
On disposals (13,538)
At 30 September 2013 0
Net book values
At 30 September 2013 0
At 31 March 2012 2,945
4Called Up Share Capital
Allotted, called up and fully paid:
30/09/2013
£
31/03/2012
£
100 Ordinary shares of £1 each 100 100