Registration number:
A&G Interior Specialists Limited
for the Year Ended 31 December 2017
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
A&G Interior Specialists Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
A&G Interior Specialists Limited
Company Information
Director |
Mr D Jones |
Registration number |
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Registered office |
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Accountants |
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Page 1 |
A&G Interior Specialists Limited
(Registration number: 08221152)
Balance Sheet as at 31 December 2017
Note |
2017 |
2016 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors report has been taken.
Approved and authorised by the
Page 2 |
A&G Interior Specialists Limited
(Registration number: 08221152)
Balance Sheet as at 31 December 2017
Mr D Jones
Director
Page 3 |
A&G Interior Specialists Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by share capital incorporated in Other.
The address of its registered office is:
UK
The principal place of business is:
262 Grindley Lane
Blythe Bridge
Stoke-on-Trent
Staffordshire
ST11 9LW
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% on reducing balance |
Computer equipment |
33% on reducing balance |
Page 4 |
A&G Interior Specialists Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Motor vehicles |
15% on reducing balance |
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
The amount paid in connection with the acquisition of the business in 2013 is being amortised evenly over its estimated useful life of five years. |
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 5 |
A&G Interior Specialists Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Intangible assets |
Goodwill |
Total |
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Cost or valuation |
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At 1 January 2017 |
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At 31 December 2017 |
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Amortisation |
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At 1 January 2017 |
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Amortisation charge |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 January 2017 |
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At 31 December 2017 |
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Depreciation |
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At 1 January 2017 |
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Charge for the year |
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At 31 December 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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Stocks |
2017 |
2016 |
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Other inventories |
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Page 6 |
A&G Interior Specialists Limited
Notes to the Financial Statements for the Year Ended 31 December 2017
Debtors |
2017 |
2016 |
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Other debtors |
- |
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Total current trade and other debtors |
- |
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Creditors |
Note |
2017 |
2016 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2017 |
2016 |
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Non-current loans and borrowings |
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Finance lease liabilities |
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2017 |
2016 |
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Current loans and borrowings |
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Finance lease liabilities |
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