Agency 11 Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08656713 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

AGENCY 11 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Miss L Dooley

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

08656713 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Tangible assets

4

1,680

2,240

CURRENT ASSETS

Debtors

5

26,966

9,961

Cash at bank

4,747

382

31,713

10,343

CREDITORS

Amounts falling due within one year

6

28,162

11,793

NET CURRENT ASSETS/(LIABILITIES)

3,551

(1,450

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,231

790

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

5,221

780

SHAREHOLDERS' FUNDS

5,231

790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 October 2017 and were signed by:

Miss L Dooley - Director

1.	STATUTORY INFORMATION

Agency 11 Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2016

and 31 March 2017

4,305

DEPRECIATION

At 1 April 2016

2,065

Charge for year

560

At 31 March 2017

2,625

NET BOOK VALUE

At 31 March 2017

1,680

At 31 March 2016

2,240

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

26,966

7,051

Other debtors

-

2,910

26,966

9,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

9,632

1,794

Tax

13,813

4,298

Social security and other taxes

(4,269

)

(1,217

)

VAT

4,659

630

Other creditors

1,284

-

Directors' current accounts

1,210

42

Accrued expenses

1,833

6,246

28,162

11,793

7.	FIRST YEAR ADOPTION

These are the Company's first financial statements prepared in accordance with FRS 102 'The Financial

Reporting Standard applicable in the UK and Republic of Ireland'. The accounting policies set out in note 2 have

been applied in preparing the financial statements for the year ended 31st March 2017 and the comparative

information presented in these financial statements for the year ended 31st March 2016. The policies under the

Company's previous accounting framework are not materially different to FRS 102 'The Financial Reporting

Standard applicable in the UK and Republic of Ireland' and therefore have not impacted on equity or profit or

loss.