Aganics Limited
Aganics Limited
Registered number: 07218146
Unaudited Financial Statements
For the Period 1 May 2016 to 31 March 2017
Cairns Accountants
Aganics Limited
Unaudited Financial Statements
For the Period 1 May 2016 to 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Aganics Limited
Balance Sheet
As at
31 March 2017
Balance Sheet
Registered number:
07218146
For the period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 31 March 2017 | 30 April 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 8 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 55,731 | 4,073 | |||
Page 1
Aganics Limited
Balance Sheet (continued)
As at
31 March 2017
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Aganics Limited
Notes to the Unaudited Accounts
For the Period 1 May 2016 to 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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| Computer Equipment |
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1.4.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 3
Aganics Limited
Notes to the Unaudited Accounts (continued)
For the Period 1 May 2016 to 31 March 2017
5.
Tangible Assets
| Motor Vehicles | Computer Equipment | Total | |
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| £ | £ | £ | |
| Cost | |||
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| Additions |
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| Disposals |
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| Depreciation | |||
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| Provided during the period |
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| Disposals |
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| Net Book Value | |||
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6.
Debtors
| Period to 31 March 2017 | 30 April 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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Page 4
Aganics Limited
Notes to the Unaudited Accounts (continued)
For the Period 1 May 2016 to 31 March 2017
7.
Creditors: Amounts Falling Due Within One Year
| Period to 31 March 2017 | 30 April 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Deferred Taxation
| Period to 31 March 2017 | 30 April 2016 | ||
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| Deferred taxation |
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| Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances
Page 5
Aganics Limited
Notes to the Unaudited Accounts (continued)
For the Period 1 May 2016 to 31 March 2017
10.
Ultimate Controlling Party
The company's ultimate controlling party is Martyn Horton by virtue of his beneficial ownership of 100% of the issued ordinary A share capital in the company.
11.
General Information
Aganics Limited Registered number 07218146 is a limited by shares company incorporated in England & Wales. The Registered Office is Foxholes Lodge, Wyming Brook Drive, Hollow Meadows, Sheffield, S6 6GH.
Page 6