IAGTO Limited Micro-entity accounts

IAGTO Limited Micro-entity accounts

IAGTO LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03507678
IAGTO Limited
Unaudited Financial Statements
31 December 2016
IAGTO Limited
Financial Statements
Year ended 31 December 2016
Contents
Page
Report to the board of directors on the preparation of the unaudited statutory financial statements
1
Income statement
2
Statement of financial position and the notes to the financial statements
3
The following pages do not form part of the financial statements
Detailed income statement
5
Notes to the detailed income statement
6
IAGTO Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of IAGTO Limited
Year ended 31 December 2016
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2016, which comprise the income statement, statement of financial position and the notes to the financial statements. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
JIGSOL BUSINESS SOLUTIONS LTD Chartered accountant
Athene House 86 The Broadway Mill Hill London NW7 3TD
29 September 2017
IAGTO Limited
Income Statement
Year ended 31 December 2016
2016
2015
£
£
Turnover
1,267,979
1,547,324
Staff costs
487,438
492,883
Depreciation and other amounts written off assets
3,146
4,854
Other charges
432,415
568,211
Tax
69,149
96,935
------------
------------
Profit
275,831
384,441
------------
------------
IAGTO Limited
Statement of Financial Position
31 December 2016
2016
2015
£
£
£
Fixed assets
186,938
187,703
---------
---------
Current assets
1,276,964
1,212,285
Creditors: amounts falling due within one year
101,923
148,132
------------
------------
Net current assets
1,175,041
1,064,153
------------
------------
Total assets less current liabilities
1,361,979
1,251,856
Accruals and deferred income
237,513
208,221
------------
------------
1,124,466
1,043,635
------------
------------
Capital and reserves
1,124,466
1,043,635
------------
------------
For the year ending 31 December 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 financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 29 September 2017 , and are signed on behalf of the board by:
P D Walton
Director
Company registration number: 03507678
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Concorde House, Grenville Place, London, NW7 3SA, United Kingdom.
IAGTO Limited
Management Information
Year ended 31 December 2016
The following page does not form part of the financial statements.
IAGTO Limited
Detailed Income Statement
Year ended 31 December 2016
2016
2015
£
£
Turnover
1,267,979
1,547,324
Staff costs
487,438
492,883
Depreciation and other amounts written off assets
3,146
4,854
Other charges
432,415
568,211
---------
---------
(344,980)
(481,376)
---------
---------
IAGTO Limited
Notes to the Detailed Income Statement
Year ended 31 December 2016
2016
2015
£
£
Staff costs
Wages and salaries
399,591
404,183
Directors salaries
87,847
88,700
---------
---------
487,438
492,883
---------
---------
Depreciation and other amounts written off assets
Depreciation of tangible assets
3,146
4,854
-------
-------
Other charges
Rent rates and water
41,140
37,334
Insurance
840
1,151
Travel and subsistence
11,404
11,987
Telephone
9,462
10,231
Subscriptions and journals
78,030
91,415
Recruitment expenses
2,781
12,944
Printing postage and stationery
20,351
16,045
Advertising
264,015
308,631
Entertaining
1,719
1,319
Client Entertaining
434
691
Bank charges
23,652
26,627
Foreign currency gains/losses
(25,183)
44,906
Accountancy fees
7,516
8,578
Interest on cash and cash equivalents
(3,746)
(3,648)
---------
---------
432,415
568,211
---------
---------