Agys Consulting Ltd - Filleted accounts

Registered number

02597005

Agys Consulting Ltd

Filleted Accounts

5 April 2017

Agys Consulting Ltd
Registered number:		02597005
Balance Sheet
as at 5 April 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		1,661			-

Current assets
Cash at bank and in hand		193			163

Creditors: amounts falling due within one year	3	(2,249)			(579)

Net current liabilities			(2,056)			(416)

Net liabilities			(395)			(416)

Capital and reserves
Called up share capital			2			2
Profit and loss account			(397)			(418)

Shareholders' funds			(395)			(416)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Yvonne Anne Bates
Director
Approved by the board on 12 December 2017

Agys Consulting Ltd
Notes to the Accounts
for the year ended 5 April 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	over 3 years

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				2,491
	At 5 April 2017				2,491

	Depreciation
	Charge for the year				830
	At 5 April 2017				830

	Net book value
	At 5 April 2017				1,661


3	Creditors: amounts falling due within one year		2017		2016
£				£

	Bank loans and overdrafts		9		9
	Taxation and social security costs		108		-
	Other creditors		2,132		570
			2,249		579


4	Other information

	Agys Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	International House
	24 Holborn Viaduct
	London
	EC1A 2BN