Company Registration No. 08580433 (England and Wales)
AGNITIO ACCOUNTANTS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
AGNITIO ACCOUNTANTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AGNITIO ACCOUNTANTS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
290,000
290,000
Tangible assets
2
90,790
96,206
380,790
386,206
Current assets
Stocks
6,250
6,000
Debtors
235,806
173,765
Cash at bank and in hand
28,758
86,699
270,814
266,464
Creditors: amounts falling due within one year
(335,558)
(452,731)
Net current liabilities
(64,744)
(186,267)
Total assets less current liabilities
316,046
199,939
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
316,044
199,937
Shareholders' funds
316,046
199,939
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 June 2017
Mr Kashif Ahmed
Director
Company Registration No. 08580433
AGNITIO ACCOUNTANTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is held on the balance sheet at cost .held on the balance sheet at cost.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
290,000
119,578
409,578
Additions
-
6,936
6,936
At 30 September 2016
290,000
126,514
416,514
Depreciation
At 1 October 2015
-
23,372
23,372
Charge for the year
-
12,352
12,352
At 30 September 2016
-
35,724
35,724
Net book value
At 30 September 2016
290,000
90,790
380,790
At 30 September 2015
290,000
96,206
386,206
AGNITIO ACCOUNTANTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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