AGI Global Logistics (WA) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10327366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

AGI GLOBAL LOGISTICS (WA) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D C Kendry

S J Sands

L Sheppard

A P Wigginton

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

10327366 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

1,736

1,753

CURRENT ASSETS

Debtors

5

293,384

229,105

CREDITORS

Amounts falling due within one year

6

270,027

215,138

NET CURRENT ASSETS

23,357

13,967

TOTAL ASSETS LESS CURRENT LIABILITIES

25,093

15,720

PROVISIONS FOR LIABILITIES

8

330

-

NET ASSETS

24,763

15,720

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

24,663

15,620

SHAREHOLDERS' FUNDS

24,763

15,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 March 2019 and were signed on its behalf by:

S J Sands - Director

A P Wigginton - Director

1.	STATUTORY INFORMATION

AGI Global Logistics (WA) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2017

3,156

Additions

1,552

At 30 November 2018

4,708

DEPRECIATION

At 1 December 2017

1,403

Charge for year

1,569

At 30 November 2018

2,972

NET BOOK VALUE

At 30 November 2018

1,736

At 30 November 2017

1,753

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

292,342

196,991

Other debtors

1,042

32,114

293,384

229,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

189,329

152,881

Taxation and social security

28,071

33,499

Other creditors

52,627

28,758

270,027

215,138

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.18

30.11.17

£

£

Within one year

3,187

-

Between one and five years

2,656

-

5,843

-

8.	PROVISIONS FOR LIABILITIES

30.11.18

30.11.17

£

£

Deferred tax

Accelerated capital allowances

330

-

Deferred

tax

£

Accelerated capital allowances

330

Balance at 30 November 2018

330

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

60

A Ordinary

£1

60

65

40

B Ordinary

£1

40

35

100

100

10.

RESERVES

Retained

earnings

£

At 1 December 2017

15,620

Profit for the year

79,336

Dividends

(70,293

)

At 30 November 2018

24,663

11.	RELATED PARTY DISCLOSURES

The directors maintain interest free loan accounts with the company. At the balance sheet

date, the company owed a director £4,218 (2017 £5,421).

At the balance sheet date the company had the following amounts outstanding to related

entities.

Entities over which the directors have significant influence or control

Amounts owed from related party

Amounts owed to related party

£

£

Toogood International Transport & Agricultural Services Limited

2017

-

1,260

2018

-

1,140

Oak International Freight Limited

2017

-

1,140

2018

-

1,788

AGI Global Logistics Limited

2017

31,191

-

2018

-

34,564

Atlantic Group International Limited

2017

-

9,750

2018

-

10,676

AGI Global Logistics (CT) Limited

2017

-

-

2018

1,500

-

12.	ULTIMATE PARENT COMPANY

The ultimate parent company is Atlantic Group International Limited.