AAG CORPORATION LTD,Ltd - Accounts

AAG CORPORATION LTD,Ltd - Accounts

AAG CORPORATION LTD - Company Information

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2015-10-01 true false Private Limited Company 08208913 2016-09-30 08208913 2015-10-01 2016-09-30 08208913 2015-09-30 08208913 2014-10-01 2015-09-30 08208913 uk-bus:Director1 2015-10-01 2016-09-30 iso4217:GBP
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AAG CORPORATION LTD
For the year ended 30 September 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08208913
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Contents Page
AAG CORPORATION LTD
For the year ended 30 September 2016
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
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AAG CORPORATION LTD
Accountants' Report
For the year ended 30 September 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 September 2016 and you consider that the company is exempt from an audit under the Companies Act
2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
G Teoli & Co.
Certified Public Accountants
Balfour House
741 High Road
London
N12 0BP
29 June 2017
Dated:
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Abbreviated Balance Sheet
AAG CORPORATION LTD
As at 30 September 2016
08208913
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Investments
1,801,937
1,849,727
2
1,849,727
1,801,937
Current assets
Cash at bank and in hand
1,791
1,244
1,791
1,244
Creditors: amounts falling due within one year
(1,809,899)
(1,859,790)
(1,808,655)
(1,857,999)
Net current liabilities
Total assets less current liabilities
(8,272)
(6,718)
(8,272)
Net liabilities
(6,718)
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
(9,272)
(7,718)
(8,272)
(6,718)
Shareholders funds
For the 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.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 29 June 2017
Mr Fiorenzo Stocco Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
AAG CORPORATION LTD
For the year ended 30 September 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2 Fixed asset investments
901,937
At 01 October 2015
Fixed asset
investments
Cost
£
947,790
Additions
At 30 September 2016
1,849,727
Net book value
At 01 October 2015
At 30 September 2016
1,849,727
901,937
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