ATGS_LIMITED - Accounts
ATGS_LIMITED - Accounts
Company Registration No. 06368085 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
Registered Office
135522-BX-2013
England
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
- 1 -
2013
2012
Notes
US$
US$
US$
US$
Current assets
Cash at bank and in hand
-
Creditors: amounts falling due within one year
(24,852 )
(31,330 )
Total assets less current liabilities
(24,852 )
(21,385 )
Capital and reserves
Called up share capital
2
Profit and loss account
(24,854 )
(21,387 )
Shareholders' funds
(24,852 )
(21,385 )
Directors' responsibilities:
-
-
Approved by the Board and authorised for issue on 17 July 2014
Director
Company Registration No. 06368085
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
1
Accounting policies
1.1
Accounting convention
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
1.4
Foreign currency translation
The company's accounting records are maintained in United States Dollar.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Monetary assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
2
Share capital
2013
2012
US$
US$
Allotted, called up and fully paid
The issued share capital represent 1 ordinary share with a par value of £1.