AAGY LIMITED - Filleted accounts

Registered number

06733212

AAGY LIMITED

Unaudited Filleted Accounts

31 October 2017

AAGY LIMITED
Registered number:		06733212
Balance Sheet
as at 31 October 2017

Notes			2017			2016
£				£
Current assets
Debtors	2	170			194
Cash at bank and in hand		17,947			7,311
		18,117			7,505

Creditors: amounts falling due within one year	3	(24,566)			(14,353)

Net current liabilities			(6,449)			(6,848)

Net liabilities			(6,449)			(6,848)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(6,549)			(6,948)

Shareholder's funds			(6,449)			(6,848)

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 member has 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.




Salvatore Balivo
Director
Approved by the board on 16 February 2018

AAGY LIMITED
Notes to the Accounts
for the year ended 31 October 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


2	Debtors	2017		2016
£			£

	VAT	170		194


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

	Loans Payable	8,500		-
	Trade creditors	1,798		1,170
	Directors Loan	14,268		13,183
		24,566		14,353


4	Controlling party

	The company was controlled throughout the year by a director Salvatore Balivo by virtue of the fact that he owns all of the share capital.


5	Other information

	AAGY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: