AGB Scaffolding Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05889856 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

AGB SCAFFOLDING SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTOR:

A J Benford

SECRETARY:

K L Benford

REGISTERED OFFICE:

The Dell

Green Road

Egham

Surrey

TW20 8QN

REGISTERED NUMBER:

05889856 (England and Wales)

ACCOUNTANTS:

Lawford Business Services Ltd

Chartered Accountants

The Old Station

Moor Lane

Staines-upon-Thames

Middlesex

TW18 4BB

FIXED ASSETS

Tangible assets

2

84,559

51,709

CURRENT ASSETS

Debtors

92,709

110,910

Cash at bank

1

29,691

92,710

140,601

CREDITORS

Amounts falling due within one year

101,718

102,748

NET CURRENT (LIABILITIES)/ASSETS

(9,008

)

37,853

TOTAL ASSETS LESS CURRENT LIABILITIES

75,551

89,562

CREDITORS

Amounts falling due after more than one year

(17,949

)

(3,481

)

PROVISIONS FOR LIABILITIES

(15,936

)

(9,151

)

NET ASSETS

41,666

76,930

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

41,566

76,830

SHAREHOLDERS' FUNDS

41,666

76,930

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

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

The director acknowledges his 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 28 April 2017 and were signed by:

A J Benford - Director

1.	ACCOUNTING POLICIES

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 represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

110,021

Additions

69,934

Disposals

(4,094

)

At 31 July 2016

175,861

DEPRECIATION

At 1 August 2015

58,312

Charge for year

35,853

Eliminated on disposal

(2,863

)

At 31 July 2016

91,302

NET BOOK VALUE

At 31 July 2016

84,559

At 31 July 2015

51,709

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of AGB Scaffolding Services Ltd for the year ended 31 July 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of AGB Scaffolding Services Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AGB Scaffolding Services Ltd and state those matters that we have agreed to state to the director of AGB Scaffolding Services Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AGB Scaffolding Services Ltd director for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the financial statements of AGB Scaffolding Services 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 financial statements.

Lawford Business Services Ltd

Chartered Accountants

The Old Station

Moor Lane

Staines-upon-Thames

Middlesex

TW18 4BB

28 April 2017