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AG/CAD LIMITED - Company Information

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AG/CAD Limited

Registered Number:02125890

For the year ended 31 March 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

AG/CAD Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

02125890

As at 31 March 2021

AG/CAD Limited

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

80,841

92,261

80,841

92,261

Current assets

Inventories

97,139

78,394

Trade and other receivables

63,639

130,767

1,807,351

Cash and cash equivalents

2,264,074

2,473,235

1,968,129

Trade and other payables: amounts falling due within one

year

(214,957)

(596,284)

1,753,172

1,876,951

Net current assets

Total assets less current liabilities

1,957,792

1,845,433

1,957,792

Net assets

1,845,433

Capital and reserves

Called up share capital

Retained earnings

1,957,692

1,845,333

Other reserves

1,957,792

1,845,433

Shareholders' funds

For the year ended 31 March 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

A B Boulton Director

These financial statements were approved and authorised for issue by the Board on 13 October 2021 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2021

AG/CAD Limited

Notes to the Financial Statements

Statutory Information

AG/CAD Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number

02125890.

Principal place of business:

Kasemake House

Barlow Drive

Woodford Park Industrial Estate

Winsford

CW7 2JZ

Registered address:

19 Chorley Old Road

Bolton

BL1 3AD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

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

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Property improvements

15% Reducing balance

Equipment

25% Reducing balance

Motor vehicles

15% Reducing balance

Fixtures and fittings

Inventories

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

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2021

AG/CAD Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 April 2020

224,945

29,942

28,653

155,197

11,153

17,495

Additions

(18,798)

Disposals

(18,798)

At 31 March 2021

153,894

28,653

29,942

223,642

11,153

Provision for depreciation and impairment

At 01 April 2020

132,684

29,542

28,186

71,557

3,399

Charge for year

24,453

24,168

155

(14,336)

On disposal

At 31 March 2021

142,801

29,602

28,256

81,389

3,554

At 31 March 2021

Net book value

7,599

72,505

397

340

80,841

At 31 March 2020

7,754

83,640

467

400

92,261

3. Inventories

2020

2021

Stocks

78,394

97,139

4. Trade and other receivables

2020

2021

Trade debtors

130,548

59,970

Other debtors

219

3,669

63,639

130,767

5. Trade and other payables: amounts falling due within one year

2020

2021

Trade creditors

94,567

129,011

Taxation and social security

151,912

72,168

Other creditors

349,805

13,778

596,284

214,957

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For the year ended 31 March 2021

AG/CAD Limited

Notes to the Financial Statements Continued

6. Average number of persons employed

During the year the average number of employees was 18 (2020 : 18)

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