A G S (Alloy Sales) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06053005 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A G S (ALLOY SALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Garbett

P Garbett

A Garbett

N Garbett

REGISTERED OFFICE:

First Floor

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

REGISTERED NUMBER:

06053005 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Chartered Accountants

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

7,216

8,489

CURRENT ASSETS

Stocks

61,816

86,615

Debtors

5

356,772

541,460

Cash at bank

54,581

10,371

473,169

638,446

CREDITORS

Amounts falling due within one year

6

478,803

608,933

NET CURRENT (LIABILITIES)/ASSETS

(5,634

)

29,513

TOTAL ASSETS LESS CURRENT LIABILITIES

1,582

38,002

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,580

38,000

SHAREHOLDERS' FUNDS

1,582

38,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 December 2018 and were signed on its behalf by:

P Garbett - Director

1.	STATUTORY INFORMATION

A G S (Alloy Sales) 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

Revenue is recognised to the extent it is probable that the economic benefits will flow to the

company and the revenue can be reliably measured. Revenue is measured as the fair value

of the consideration received or receivable, excluding discounts, rebates, value added tax

and other sales taxes.

Revenue is recognised once the company has transferred the risk and rewards of ownership

to the buyer and all revenue can be reliably measured.

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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2017

and 31 March 2018

26,362

DEPRECIATION

At 1 April 2017

17,873

Charge for year

1,273

At 31 March 2018

19,146

NET BOOK VALUE

At 31 March 2018

7,216

At 31 March 2017

8,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

278,423

451,820

Other debtors

78,349

89,640

356,772

541,460

Included in other debtors is £30,420 (2017: £29,844) due from directors.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

328,689

401,305

Amounts owed to participating interests

2,974

5,624

Taxation and social security

2,510

13,688

Other creditors

144,630

188,316

478,803

608,933

7.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Invoice discounting

136,670

182,318

A fixed and floating charge over all non-vesting domestic debts and their proceeds, all

associated rights to any non-vesting export debts and their proceeds, all associated rights to

any non-vesting export debts, by way of assignment the excluded proceeds, by way of first

floating charge all of the company's present and future undertaking and assets.