Aganics Limited - Period Ending 2016-04-30

Registration number: 07218146

Aganics Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016

Cairns Accountants (Abacus 369 Ltd)
102 Snape Hill Lane
Dronfield
Derbyshire
S18 2GP

Aganics Limited

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Aganics Limited

(Registration number: 07218146)
Abbreviated Balance Sheet as at 30 April 2016

	Note	2016 £
Fixed assets
Tangible assets	2	12,070
Current assets
Debtors		21,031
Cash at bank and in hand		8,805
		29,836
Creditors: Amounts falling due within one year		(35,335)
Net current liabilities		(5,499)
Total assets less current liabilities		6,571
Provisions for liabilities		(2,414)
Accruals and deferred income		(84)
Net assets		4,073
Capital and reserves
Called up share capital	3	30
Profit and loss account		4,043
Shareholders funds		4,073

For the year ending 30 April 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 director on 3 January 2016

.........................................
Mr Martyn John Horton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Aganics Limited

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Aganics Limited

Notes to the Abbreviated Accounts

Fixed assets

	Tangible assets £	Total £
Cost
Additions	12,594	12,594
At 30 April 2016	12,594	12,594
Depreciation
Charge for the year	524	524
At 30 April 2016	524	524
Net book value
At 30 April 2016	12,070	12,070

Share capital

Allotted, called up and fully paid shares

	2016
	No.	£
Ordinary shares of £1 each	10	10
Ordinary B of £1 each	10	10
Ordinary C of £1 each	10	10
	30	30

Page 3