AGM Telecommunications Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03730221

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		6,891		6,015

			6,891		6,015
CURRENT ASSETS
Debtors		664,107		56,649
Cash at bank and in hand		328,243		35,212

		992,350		91,861
Creditors: Amounts Falling Due Within One Year		(334,415 )		(66,058 )

NET CURRENT ASSETS (LIABILITIES)			657,935		25,803

TOTAL ASSETS LESS CURRENT LIABILITIES			664,826		31,818

NET ASSETS			664,826		31,818

CAPITAL AND RESERVES
Called up share capital			120		120
Profit and loss account			664,706		31,698

SHAREHOLDERS' FUNDS			664,826		31,818

Page 1

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 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 accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Paul Green

15 December 2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

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

1.3. 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:

Computer Equipment

33% reducing balance

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	1	1

	1	1

Page 3

AGM Telecommunications Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Tangible Assets


	Computer Equipment
	£
Cost
As at 1 April 2016	21,110
Additions	4,271

As at 31 March 2017	25,381

Depreciation
As at 1 April 2016	15,095
Provided during the period	3,395

As at 31 March 2017	18,490

Net Book Value
As at 31 March 2017	6,891

As at 1 April 2016	6,015

6. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 April 2016	Amounts advanced	Amounts repaid	As at 31 March 2017
	£	£	£	£
Mr Paul Green	-	174,168	-	174,618
Mrs Anne Green	-	174,168	-	174,168
Miss Carrie Green	-	-	-	-
Mr James Green	-	-	-	-
Mr Nicholas Green	-	-	-	-
Mrs Samantha Costello	-	-	-	-

The above loans are unsecured and repayable on demand. Interest was charged ( at HMRC prescribed rates ).

In the normal course of business the following took place

1 Services were provided by James Green ( trading as QuickTelecoms) amounting to £22,847 ( 2016 : £1,418 ). At the balance sheet date the balance due to him in respect of invoiced amounts was NIL ( 2016 : NIL ).

2 Services were provided by Samantha Costello ( trading as Little Green Studio ) amounting to £2,733 ( 2016 : £2,626 ). At the balance sheet date the balance due to her in respect of invoiced amounts was NIL ( 2016 : NIL ).

Page 4

AGM Telecommunications Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

7. General Information

AGM Telecommunications Limited Registered number 03730221 is a limited by shares company incorporated in England & Wales. The Registered Office is Mellor House, St Petersgate, Stockport, SK1 1DS.

The financial statements are presented in Sterling, which is the functional currency of the company.