Accounts filed on 31-12-2018

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			Company registration number:			00731979
A G DOWN LIMITED
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2018

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A G DOWN LIMITED
BALANCE SHEET
AS AT 31 December 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Intangible assets				2			52,118				78,177
Tangible assets				3			1,542,152				1,586,606
Financial assets				4			90				90
							1,594,360				1,664,873
CURRENT ASSETS
Stocks					33,277				29,743
Debtors					283,121				280,404
Cash at bank and in hand					110,616				129,054
					427,014				439,201
CREDITORS
Amounts falling due within one year					(249,805)				(217,048)
NET CURRENT ASSETS							177,209				222,153
TOTAL ASSETS LESS
CURRENT LIABILITIES							1,771,569				1,887,026
Creditors falling due after one year							(477,239)				(609,373)
PROVISIONS FOR LIABILITIES							(35,299)				(37,736)
NET ASSETS							1,259,031				1,239,917
CAPITAL AND RESERVES
Called-up equity share capital							6,200				6,200
Other Reserves							2				2
Profit and loss account							1,252,829				1,233,715
SHAREHOLDERS FUNDS							1,259,031				1,239,917
For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
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. Approved by the board of directors on 9 September 2019 and signed on its behalf.
..........................................................................
Mr E J Dunford
9 September 2019
The annexed notes form part of these financial statements.

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A G DOWN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

1.

Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover

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

Intangible Assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It was being written off in equal annual instalments over its estimated economic life of 20 years, but in the opinion of the Directors, amortisation was no longer applicable as from 1 January 2002 and no further provision has been included since that date. Since 1 January 2016, the remaining balance of goodwill is being written off over 5 years in accordance with FRS102a.

Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and Machinery 20% per annum reducing balance basi

Office Equipment 20% per annum reducing balance basi

Motor Vehicles 25% per annum reducing balance basi

Stocks and Work In Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			232,712
	At end of period			232,712
	Amortisation
	At start of period			154,535
	Provided during the period			26,059
	At end of period			180,594
	Net Book Values
	At start of period			78,177
	At end of period			52,118

3.	Tangible fixed assets
				Total
	Cost
	At start of period			2,141,671
	Additions			102,006
	Disposals			(51,201)
	At end of period			2,192,476
	Depreciation
	At start of period			555,065
	Provided during the period			115,150
	On disposals			(19,891)
	At end of period			650,324
	Net Book Value
	At start of period			1,586,606
	At end of period			1,542,152

4.	Fixed asset investments
				Total
	Cost
	At start of period			90
	At end of period			90
	Carrying amount:
	At start of period			90
	At end of period			90

5.

Related Party Transactions

The Company occupies various business premises owned by the three Directors Mr E J Dunford, Mrs J I Dunford and Mr J T Hussey. A commercial rent is paid on two of the properties. The Company owns a property which is let to Matthew Lucas Funeral Directors Ltd, a company which A G Down Ltd has the majority shareholding. A market rent is charged for the property. Other debtors includes £93,909 owed to A G Down Ltd by Matthew Lucas Funeral Directors Ltd.