AGD installations Ltd - Period Ending 2015-07-31

Registration number: 3916538

AGD installations Ltd

Unaudited Abbreviated Accounts

for the Period from 1 February 2014 to 31 July 2015

 

Integer
Chartered Accountants
Unit 3 Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

AGD installations Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AGD installations Ltd
for the Period Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AGD installations Ltd for the period ended 31 July 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of AGD installations Ltd, as a body, in accordance with the terms of our engagement letterdated 31 October 2010. Our work has been undertaken solely to prepare for your approval the accounts of AGD installations Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGD installations Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AGD installations Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AGD installations Ltd. You consider that AGD installations Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of AGD installations Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Integer
Chartered Accountants
Unit 3 Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

3 August 2015

Page 1

AGD installations Ltd
(Registration number: 3916538)
Abbreviated Balance Sheet at 31 July 2015

		Note			31 July 2015 £			31 January 2014 £
Fixed assets
Tangible fixed assets					-			170,713
Current assets
Debtors					6,443			36,565
Cash at bank and in hand					9			901
					6,452			37,466
Creditors: Amounts falling due within one year					(3,616)			(144,315)
Net current assets/(liabilities)					2,836			(106,849)
Net assets					2,836			63,864
Capital and reserves
Called up share capital		3			2			1
Revaluation reserve					-			7,412
Profit and loss account					2,834			56,451
Shareholders' funds					2,836			63,864

For the year ending 31 July 2015 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 3 August 2015

.........................................
Mrs Debbie Andrews
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

AGD installations Ltd
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residucal value, over their expected useful economic lives as follows:

Asset class	Depreciation method and rate
Computer equipment	33% strajight line
Motor Vehicles	0% straight line

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

AGD installations Ltd
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 31 July 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		171,266			171,266
Disposals		(171,266)			(171,266)
At 31 July 2015		-			-
Depreciation
At 1 February 2014		553			553
Eliminated on disposals		(553)			(553)
At 31 July 2015		-			-
Net book value
At 31 July 2015		-			-
At 31 January 2014		170,713			170,713

3	Share capital

Allotted, called up and fully paid shares

	31 July 2015						31 January 2014
		No.			£			No.			£
Ordinary of £1 each		2			2			1			1

New shares allotted

During the period 1 Ordinary having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. increase the share capitalof the company.

Page 4

AGD installations Ltd
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 31 July 2015
......... continued

4	Related party transactions

Director's advances and credits

	1 February 2014 to 31 July 2015 Advance/ Credit £	1 February 2014 to 31 July 2015 Repaid £	Year ended 31 January 2014 Advance/ Credit £	Year ended 31 January 2014 Repaid £
Mrs Debbie Andrews
Directors loan account no interest charged	(7)	-	124,807	-

Page 5