AG Tempered Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11079749 (England and Wales)

AG TEMPERED LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A Worgan

C R Franklin

D J Lewis

REGISTERED OFFICE:

Unit 3 Ynyshir Industrial Estate

Porth

CF39 0HU

REGISTERED NUMBER:

11079749 (England and Wales)

ACCOUNTANTS:

Carston Chartered Accountants

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

2,246

2,776

CURRENT ASSETS

Debtors

5

7,546

12,956

Cash at bank

76,327

97,099

83,873

110,055

CREDITORS

Amounts falling due within one year

6

23,489

46,937

NET CURRENT ASSETS

60,384

63,118

TOTAL ASSETS LESS CURRENT LIABILITIES

62,630

65,894

CREDITORS

Amounts falling due after more than one year

7

21,380

27,083

NET ASSETS

41,250

38,811

CAPITAL AND RESERVES

Called up share capital

8

110

110

Retained earnings

41,140

38,701

SHAREHOLDERS' FUNDS

41,250

38,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th May 2022 and were signed on its behalf by:

A Worgan - Director

1.	STATUTORY INFORMATION

AG Tempered 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 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.

Fixtures and fittings

-

20% straight line on cost

Equipment

-

20% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

Equipment

Totals

£

£

£

COST

At 1st December 2020

4,391

1,500

5,891

Additions

-

707

707

At 30th November 2021

4,391

2,207

6,598

DEPRECIATION

At 1st December 2020

2,415

700

3,115

Charge for year

878

359

1,237

At 30th November 2021

3,293

1,059

4,352

NET BOOK VALUE

At 30th November 2021

1,098

1,148

2,246

At 30th November 2020

1,976

800

2,776

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

4,498

4,646

Other debtors

3,048

8,310

7,546

12,956

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

5,789

2,917

Trade creditors

355

232

Taxation and social security

15,694

25,140

Other creditors

1,651

18,648

23,489

46,937

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

21,380

27,083

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

110

Ordinary

£1

110

110