Agesco London Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09042116

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Agesco London Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Carman

Mrs K M Carman

Ms M Cano

A Wigglesworth

SECRETARY:

C Carman

REGISTERED OFFICE:

Deep Hollow

Golden Ball Lane

Maidenhead

SL6 6NW

REGISTERED NUMBER:

09042116

ACCOUNTANTS:

Elver Consultancy Limited

Chartered Accountant

Suite 312

Atlas House

Caxton Lane

Wigan

Greater Manchester

WN3 6XU

FIXED ASSETS

Tangible assets

4

12,241

3,672

CURRENT ASSETS

Debtors

5

46,571

169,761

Cash at bank and in hand

20,957

16,178

67,528

185,939

CREDITORS

Amounts falling due within one year

6

48,072

60,771

NET CURRENT ASSETS

19,456

125,168

TOTAL ASSETS LESS CURRENT LIABILITIES

31,697

128,840

CREDITORS

Amounts falling due after more than one year

7

-

16,607

NET ASSETS

31,697

112,233

CAPITAL AND RESERVES

Called up share capital

8

80

80

Retained earnings

31,617

112,153

SHAREHOLDERS' FUNDS

31,697

112,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 28 February 2020 and were signed on its behalf by:

C Carman - Director

1.	STATUTORY INFORMATION

Agesco London Ltd is a private company, limited by shares , registered in Not

specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 June 2018

7,257

Additions

11,372

At 31 May 2019

18,629

DEPRECIATION

At 1 June 2018

3,585

Charge for year

2,803

At 31 May 2019

6,388

NET BOOK VALUE

At 31 May 2019

12,241

At 31 May 2018

3,672

5.

DEBTORS

31.5.19

31.5.18

£

£

Amounts falling due within one year:

Other debtors

40,969

169,761

Amounts falling due after more than one year:

Other debtors

5,602

-

Aggregate amounts

46,571

169,761

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

733

170

Taxation and social security

17,578

37,145

Other creditors

29,761

23,456

48,072

60,771

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.19

31.5.18

£

£

Other creditors

-

16,607

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

20

"A" Ordinary

£1

20

20

20

"B" Ordinary

£1

20

20

20

"C" Ordinary

£1

20

20

20

"D" Ordinary

£1

20

20

80

80

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 May 2019 and 31 May 2018:

31.5.19

31.5.18

£

£

Mrs K M Carman

Balance outstanding at start of year

(3,532

)

984

Amounts advanced

34,510

6,984

Amounts repaid

(41,000

)

(11,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(10,022

)

(3,532

)

C Carman

Balance outstanding at start of year

31,976

26,956

Amounts advanced

78,585

65,500

Amounts repaid

(99,500

)

(60,480

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,061

31,976

Ms M Cano

Balance outstanding at start of year

(7,209

)

(17,388

)

Amounts advanced

77,020

16,458

Amounts repaid

(44,003

)

(6,279

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,808

(7,209

)

A Wigglesworth

Balance outstanding at start of year

29,101

(3,466

)

Amounts advanced

68,565

91,817

Amounts repaid

(114,852

)

(59,250

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17,186

)

29,101