Company Registration No. 09845041 (England and Wales)
AGT INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
AGT INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AGT INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
1,036
Current assets
Debtors
108,309
Cash at bank and in hand
42,173
150,482
Creditors: amounts falling due within one year
(66,424)
Net current assets
84,058
Total assets less current liabilities
85,094
Provisions for liabilities
(207)
84,887
Capital and reserves
Called up share capital
3
100
Profit and loss account
84,787
Shareholders' funds
84,887
For the financial period ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 15 March 2017
Mr A J Green
Director
Company Registration No. 09845041
AGT INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
1.3
Turnover
Turnover represents amounts receivable for services net of VAT.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
AGT INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 28 October 2015
-
Additions
1,546
At 31 October 2016
1,546
Depreciation
At 28 October 2015
-
Charge for the period
510
At 31 October 2016
510
Net book value
At 31 October 2016
1,036
3
Share capital
2016
£
Allotted, called up and fully paid
50 Ordinary 'A' shares of £1 each
50
50 Ordinary 'B' shares of £1 each
50
100
During the period, 50 ordinary 'A' shares and 50 ordinary 'B' shares of £1 each were allotted at par.
Both classes of shares rank pari passu in all respects save that the directors are empowered to vote and declare dividends to any one or more of the share categories separately.