AGT Inns Limited
|
Registered number: |
03389606
|
Abbreviated Balance Sheet |
as at 30 June 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
8,113 |
|
|
9,855 |
|
Current assets |
Stocks |
|
|
15,988 |
|
|
16,111 |
Debtors |
|
|
2,068 |
|
|
2,052 |
Cash at bank and in hand |
|
|
329,266 |
|
|
353,199 |
|
|
|
347,322 |
|
|
371,362 |
|
Creditors: amounts falling due within one year |
|
|
(190,553) |
|
|
(231,669) |
|
Net current assets |
|
|
|
156,769 |
|
|
139,693 |
|
Net assets |
|
|
|
164,882 |
|
|
149,548 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
164,880 |
|
|
149,546 |
|
Shareholders' funds |
|
|
|
164,882 |
|
|
149,548 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
A Bishop |
Director |
Approved by the board on 28 December 2016
|
|
AGT Inns Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance
|
|
Motor vehicles |
25% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
42,823 |
|
At 30 June 2016 |
42,823 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
32,968 |
|
Charge for the year |
1,742 |
|
At 30 June 2016 |
34,710 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
8,113 |
|
At 30 June 2015 |
9,855 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|