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A & S Agnew Co Limited
Registered Number:05340208
For the year ended 31 January 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2018
A & S Agnew Co Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 January 2018
A & S Agnew Co Limited
Statement of Financial Position
Registered Number :
05340208
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
501,088
501,915
2
501,088
501,915
Current assets
Trade and other receivables
28,771
10,209
3
Financial assets
10,000
10,208
4
20,417
38,771
Trade and other payables: amounts falling due within one year
(47,251)
(54,087)
5
(8,480)
(33,670)
Net current liabilities
Total assets less current liabilities
467,418
493,435
Trade and other payables: amounts falling due after more than
one year
(377,801)
(372,476)
6
(11,113)
(11,246)
Provisions for liabilities
83,829
Net assets
104,388
Capital and reserves
Called up share capital
100
100
Revaluation reserve
53,950
53,950
7
Retained earnings
29,779
50,338
83,829
104,388
Shareholders' funds
For the year ended 31 January 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Stephen Hardcastle Agnew Director
These financial statements were approved and authorised for issue by the Board on 31 October 2018 and were signed by:
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4
For the year ended 31 January 2018
A & S Agnew Co Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 January 2018
A & S Agnew Co Limited
Notes to the Financial Statements
Statutory Information
A & S Agnew Co Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
05340208.
Registered address:
The Pavillion, Tower End
Middleton
King's Lynn
Norfolk
PE32 1EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
25% Reducing balance
Motor Vehicles
25% Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 January 2018
A & S Agnew Co Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or valuation
At 01 February 2017
504,915
1,681
1,700
775
500,759
(1,700)
-
(1,700)
-
-
Additions
At 31 January 2018
775
-
1,681
503,215
500,759
Provision for depreciation and impairment
At 01 February 2017
3,000
1,274
983
743
-
Charge for year
(873)
102
(983)
8
-
At 31 January 2018
2,127
1,376
-
751
-
At 31 January 2018
Net book value
500,759
24
-
305
501,088
At 31 January 2017
500,759
32
717
407
501,915
3. Trade and other receivables
2017
2018
£
£
Trade debtors
2,075
22,099
Other debtors
8,134
6,672
28,771
10,209
4. Financial instruments at fair value
2017
2018
£
£
Other investments
10,208
10,000
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
22,410
10,651
Trade creditors
603
2,023
Taxation and social security
-
14,517
Other creditors
31,074
20,060
54,087
47,251
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7
For the year ended 31 January 2018
A & S Agnew Co Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Bank loans and overdraft
372,476
377,801
£372,476 of borrowings are secured by legal charges over the company's assets.
7. Reserves
Total
£
Revaluation reserve at 01 February 2017
53,950
53,950
Revaluation reserve at 31 January 2018
8. Average number of persons employed
During the year the average number of employees was 1 (2017 : 1)
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