Company Registration No. 06966286 (England and Wales)
AG Motors Limited
Unaudited accounts
for the year ended 31 December 2019
AG Motors Limited
Unaudited accounts
Contents
AG Motors Limited
Company Information
for the year ended 31 December 2019
Company Number
06966286 (England and Wales)
Registered Office
Unit C2 Atria Court
Stirling Way
Papworth Everard
Cambridgeshire
CB23 3GY
UK
Accountants
M & JB Associates Ltd
7 Laxton Close
Attleborough
Norfolk
NR17 1QY
AG Motors Limited
Statement of financial position
as at
31 December 2019
Tangible assets
293,884
313,045
Inventories
58,500
58,500
Cash at bank and in hand
37,841
4,394
Creditors: amounts falling due within one year
(83,878)
(121,746)
Net current assets
206,604
75,408
Total assets less current liabilities
500,488
388,453
Creditors: amounts falling due after more than one year
(419,193)
(272,131)
Provisions for liabilities
Deferred tax
(10,000)
(10,000)
Net assets
71,295
106,322
Called up share capital
1
1
Profit and loss account
71,294
106,321
Shareholders' funds
71,295
106,322
For the year ending 31 December 2019 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 his 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.
The financial statements were approved by the Board and authorised for issue on 29 September 2020 and were signed on its behalf by
A C Ginn
Director
Company Registration No. 06966286
AG Motors Limited
Notes to the Accounts
for the year ended 31 December 2019
AG Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 06966286. The registered office is Unit C2 Atria Court, Stirling Way, Papworth Everard, Cambridgeshire, CB23 3GY, UK.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on cost
Motor vehicles
25% on cost
Fixtures & fittings
10% on cost
Computer equipment
25% on cost
AG Motors Limited
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2019
240,000
97,124
47,499
48,497
13,341
446,461
At 31 December 2019
240,000
97,124
47,499
48,497
13,341
446,461
At 1 January 2019
-
62,229
40,298
20,809
10,080
133,416
Charge for the year
-
9,215
3,340
4,849
1,757
19,161
At 31 December 2019
-
71,444
43,638
25,658
11,837
152,577
At 31 December 2019
240,000
25,680
3,861
22,839
1,504
293,884
At 31 December 2018
240,000
34,895
7,201
27,688
3,261
313,045
Raw materials
58,500
58,500
Trade debtors
170,183
109,200
Accrued income and prepayments
11,491
12,363
Other debtors
12,467
12,697
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
48,809
80,327
Taxes and social security
34,169
41,191
8
Creditors: amounts falling due after more than one year
2019
2018
Bank loans
156,193
164,954
Other creditors
263,000
101,000
Taxes and social security
-
6,177
9
Average number of employees
During the year the average number of employees was 18 (2018: 16).