AG Consultancy (Midlands) Limited - Abbreviated accounts 16.3

AG Consultancy (Midlands) Limited - Abbreviated accounts 16.3

AG CONSULTANCY (MIDLANDS) LIMITED - Company Information

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REGISTERED NUMBER: 08731759 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

AG CONSULTANCY (MIDLANDS) LIMITED

AG CONSULTANCY (MIDLANDS) LIMITED (REGISTERED NUMBER: 08731759)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

AG CONSULTANCY (MIDLANDS) LIMITED (REGISTERED NUMBER: 08731759)

ABBREVIATED BALANCE SHEET
31 October 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 810 1,175

CURRENT ASSETS
Debtors 4,603 2,722
Cash at bank 14,788 17,757
19,391 20,479
CREDITORS
Amounts falling due within one year 19,934 11,287
NET CURRENT (LIABILITIES)/ASSETS (543 ) 9,192
TOTAL ASSETS LESS CURRENT
LIABILITIES
267
10,367

PROVISIONS FOR LIABILITIES 162 235
NET ASSETS 105 10,132

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 104 10,131
SHAREHOLDERS' FUNDS 105 10,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections
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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 20 April 2017 and were signed by:




Ms A Ghaffari - Director


The notes form part of these abbreviated accounts

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AG CONSULTANCY (MIDLANDS) LIMITED (REGISTERED NUMBER: 08731759)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 October 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover comprises the value of sales (net of flat rate value added tax payments) of services provided in the
normal course of business. Revenue is recognised in respect of service contracts when the company obtains the
right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment - 20% on reducing balance
Computer equipment - 25% on reducing balance

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015
and 31 October 2016 1,540
DEPRECIATION
At 1 November 2015 365
Charge for year 365
At 31 October 2016 730
NET BOOK VALUE
At 31 October 2016 810
At 31 October 2015 1,175

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

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