Automated Gateways Limited

Automated Gateways Limited

AUTOMATED GATEWAYS LIMITED - Company Information

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Company Registration No. 07368070 (England and Wales)
Automated Gateways Limited Abbreviated unaudited accounts for the year ended 30 September 2016
Automated Gateways Limited Abbreviated Balance Sheet as at 30 September 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
8,694 
13,370 
Current assets
Stocks
28,500 
- 
Debtors
10,146 
5,083 
Cash at bank and in hand
5,987 
6,918 
44,633 
12,001 
Creditors: amounts falling due within one year
(65,297)
(48,753)
Net current liabilities
(20,664)
(36,752)
Total assets less current liabilities
(11,970)
(23,382)
Provisions for liabilities
(880)
(880)
Net liabilities
(12,850)
(24,262)
Capital and reserves
Called up share capital
3
2 
2 
Profit and loss account
(12,852)
(24,264)
Total shareholders' funds
(12,850)
(24,262)
For the year ending 30 September 2016 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 8 November 2016
Trevor Ellis Director Company Registration No. 07368070
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Automated Gateways Limited Notes to the Abbreviated Accounts for the year ended 30 September 2016
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
2
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost
At 1 October 2015
3,177 
22,694 
2,791 
28,662 
At 30 September 2016
3,177 
22,694 
2,791 
28,662 
Depreciation
At 1 October 2015
1,656 
11,444 
2,192 
15,292 
Charge for the year
228 
3,750 
698 
4,676 
At 30 September 2016
1,884 
15,194 
2,890 
19,968 
Net book value
At 30 September 2016
1,293 
7,500 
(99)
8,694 
At 30 September 2015
1,521 
11,250 
599 
13,370 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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