Company Registration No. 02857586 (England and Wales)
Agatar Limited
Unaudited accounts
for the year ended 30 September 2017
Agatar Limited
Unaudited accounts
Contents
Agatar Limited
Company Information
for the year ended 30 September 2017
Director
Marina Aniela Waterman
Company Number
02857586 (England and Wales)
Registered Office
58 Marine Road West
Morecambe
Lancashire
LA4 4ET
Accountants
Blend Accountants
231-233 Marine Road Central
Morecambe
Lancashire
LA4 4BQ
Agatar Limited
Statement of financial position
as at 30 September 2017
Cash at bank and in hand
1,106
2,669
Creditors: amounts falling due within one year
(42,905)
(40,429)
Net current liabilities
(15,383)
(11,344)
Net liabilities
(15,380)
(11,341)
Called up share capital
45
45
Profit and loss account
(15,425)
(11,386)
Shareholders' funds
(15,380)
(11,341)
For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 June 2018.
Marina Aniela Waterman
Director
Company Registration No. 02857586
Agatar Limited
Notes to the Accounts
for the year ended 30 September 2017
Agatar Limited is a private company, limited by shares, registered in England and Wales, registration number 02857586. The registered office is 58 Marine Road West, Morecambe, Lancashire, LA4 4ET.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
40% reducing balance
Agatar Limited
Notes to the Accounts
for the year ended 30 September 2017
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 30 September 2017
1
1
1
3
At 30 September 2017
-
-
-
-
At 30 September 2017
1
1
1
3
At 30 September 2016
1
1
1
3
Finished goods
26,416
26,416
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
9,511
6,826
Taxes and social security
(367)
(3)
Loans from directors
32,411
32,406
Allotted, called up and fully paid:
45 Ordinary shares of £1 each
45
45
8
Average number of employees
During the year the average number of employees was 1 (2016: 1).
