Registered Number 05430431

A G RACING LIMITED

Abbreviated Accounts

28 February 2016

A G RACING LIMITED Registered Number 05430431

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,912 7,760
6,912 7,760
Current assets
Stocks 187,395 206,715
Debtors 105,361 -
Cash at bank and in hand 19,680 2,091
312,436 208,806
Creditors: amounts falling due within one year (399,458) (281,918)
Net current assets (liabilities) (87,022) (73,112)
Total assets less current liabilities (80,110) (65,352)
Total net assets (liabilities) (80,110) (65,352)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (81,110) (66,352)
Shareholders' funds (80,110) (65,352)
  • For the year ending 28 February 2016 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 24 November 2016

And signed on their behalf by:
Omraj Atwal, Director

A G RACING LIMITED Registered Number 05430431

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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.

2Tangible fixed assets
£
Cost
At 1 March 2015 15,547
Additions 295
Disposals -
Revaluations -
Transfers -
At 28 February 2016 15,842
Depreciation
At 1 March 2015 7,787
Charge for the year 1,143
On disposals -
At 28 February 2016 8,930
Net book values
At 28 February 2016 6,912
At 28 February 2015 7,760