AAG Solutions Ltd

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		3,105		3,652

			3,105		3,652
CURRENT ASSETS
Debtors		14,819		48,067
Investments	3	1,000		-
Cash at bank and in hand		142		27,451

		15,961		75,518
Creditors: Amounts Falling Due Within One Year		(103,661)		(124,831)

NET CURRENT ASSETS (LIABILITIES)			(87,700)		(49,313)

TOTAL ASSETS LESS CURRENT LIABILITIES			(84,595)		(45,661)

PROVISIONS FOR LIABILITIES
Deferred Taxation			(621)		(731)

NET ASSETS			(85,216)		(46,392)

CAPITAL AND RESERVES
Called up share capital	4		201		201
Profit and Loss Account			(85,417)		(46,594)

SHAREHOLDERS' FUNDS			(85,216)		(46,393)

Page 1

AAG Solutions Ltd

Company No. 07397721

Abbreviated Balance Sheet (continued) 31 December 2015

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Nigel Howarth

11/07/2016

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing balance
Fixtures & Fittings	15% Reducing balance

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Tangible Assets


	Total
Cost	£
As at 1 January 2015	5,859

As at 31 December 2015	5,859

Depreciation
As at 1 January 2015	2,207
Provided during the period	547

As at 31 December 2015	2,754

Net Book Value
As at 31 December 2015	3,105

As at 1 January 2015	3,652

Current Asset Investments

	2015		2014
	£		£
Unlisted investments	1,000		-

Page 3

AAG Solutions Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2015

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	201	201	201

Transactions With and Loans to Directors

Dividends paid to directors

Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.