Abbreviated Company Accounts - BAG AGG LIMITED

09059511 BAG AGG LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 09059511 2015-04-01 2016-03-31 09059511 2016-03-31 09059511 2015-03-31 09059511 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 09059511 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director4 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director4 2016-03-31 uk-gaap-cd-bus:Director4 2015-03-31 uk-gaap-cd-bus:Director5 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director5 2016-03-31 uk-gaap-cd-bus:Director5 2015-03-31 uk-gaap-cd-bus:Director6 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director6 2016-03-31 uk-gaap-cd-bus:Director6 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 09059511

BAG AGG LIMITED

Abbreviated Accounts

31 March 2016

BAG AGG LIMITED Registered Number 09059511

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	21,481	24,585
		21,481	24,585
Current assets
Stocks		9,893	14,090
Debtors		51,720	47,137
Cash at bank and in hand		38,843	8,481
		100,456	69,708
Creditors: amounts falling due within one year		(126,269)	(95,143)
Net current assets (liabilities)		(25,813)	(25,435)
Total assets less current liabilities		(4,332)	(850)
Total net assets (liabilities)		(4,332)	(850)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(4,432)	(950)
Shareholders' funds		(4,332)	(850)

For the year ending 31 March 2016 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 directors acknowledge their 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 Board on 21 December 2016

And signed on their behalf by:
A M Brown, Director

BAG AGG LIMITED Registered Number 09059511

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008. The financial statements have been prepared on the going concern basis despite net current liabilities of £25,813 as at 31 March 2016.

Turnover policy
Turnover comprises of income from the sale of loose and bagged aggregates. These sales are recognised on the issue of an invoice and they exclude VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of those assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & machinery - 10% on cost
Computer equipment - 33.3% on cost

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and the net realisable value is the estimated selling price less the estimated selling costs attributable to that sale.

2Tangible fixed assets

	£
Cost
At 1 April 2015	26,137
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	26,137
Depreciation
At 1 April 2015	1,552
Charge for the year	3,104
On disposals	-
At 31 March 2016	4,656
Net book values
At 31 March 2016	21,481
At 31 March 2015	24,585

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	G J Nicholls
Description of the transaction:	Loan to the company
Balance at 1 April 2015:	£ 15,000
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 15,000

Name of director receiving advance or credit:	B P Downing
Description of the transaction:	Loan to the company
Balance at 1 April 2015:	£ 15,000
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 15,000

Name of director receiving advance or credit:	A M Brown
Description of the transaction:	Loan to the company
Balance at 1 April 2015:	£ 15,000
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 15,000

Name of director receiving advance or credit:	J G Nicholls
Description of the transaction:	Loan to the company
Balance at 1 April 2015:	£ 15,000
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 15,000