AG_INFOCONNECT_LIMITED - Accounts


Company Registration Number 11001597 (England and Wales)
AG INFOCONNECT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019
PAGES FOR FILING WITH REGISTRAR
AG INFOCONNECT LIMITED
COMPANY INFORMATION
Directors
Mr G Ayyandurai
Mrs A Gopinath
Company number
11001597
Registered office
Saracens House
Business Centre
25 St. Margaret's Green
Ipswich
Suffolk
IP4 2BN
Accountants
Scrutton Bland LLP
Fitzroy House
Crown Street
Ipswich
Suffolk
IP1 3LG
AG INFOCONNECT LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2019
31 October 2019
- 1 -
2019
2018
£
£
£
£
Called up share capital not paid
-
100
Fixed assets
1,152
2,045
Current assets
77,683
59,999
Creditors: amounts falling due within one year
(21,733)
(25,351)
Net current assets
55,950
34,648
Total assets less current liabilities
57,102
36,793
Net assets
57,102
36,793
Capital and reserves
57,102
36,793
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

Included within Current Assets is an interest free loan to the director from the Company with a balance as at 31 October 2019 of £5,618 (2018 £Nil) Amounts advanced for the year are £10,378 and amounts repaid for the year are £4,760. This was repaid in full on 6 April 2020.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2019
2018
Number
Number
Employees
2
2
3
Going concern

At the time of signing the Accounts the UK is in the process of dealing with the COVID-19 outbreak. It is impossible to predict at this stage the impact that the pandemic will have on the business.

AG INFOCONNECT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2019
31 October 2019
- 2 -

AG Infoconnect Limited is a private company limited by shares incorporated in England and Wales. The registered office is Saracens House, Business Centre, 25 St. Margaret's Green, Ipswich, Suffolk, IP4 2BN.

For the year ended 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 July 2020 and are signed on its behalf by:
Mr G Ayyandurai
Director
Company Registration Number 11001597
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