Company Registration No. 06966286 (England and Wales)
AG Motors Limited
Unaudited accounts
for the year ended 31 December 2017
AG Motors Limited
Unaudited accounts
Contents
AG Motors Limited
Company Information
for the year ended 31 December 2017
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
53 High Street
Cheveley
Newmarket
Suffolk
CB8 9DQ
AG Motors Limited
Statement of financial position
as at
31 December 2017
Tangible assets
330,706
327,021
Cash at bank and in hand
54,604
23,937
Creditors: amounts falling due within one year
(120,498)
(135,440)
Net current assets
122,970
16,833
Total assets less current liabilities
453,676
343,854
Creditors: amounts falling due after more than one year
(281,250)
(177,681)
Provisions for liabilities
Deferred tax
(10,000)
(10,000)
Net assets
162,426
156,173
Called up share capital
1
1
Profit and loss account
162,425
156,172
Shareholders' funds
162,426
156,173
For the year ending 31 December 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 September 2018.
A C Ginn
Director
Company Registration No. 06966286
AG Motors Limited
Notes to the Accounts
for the year ended 31 December 2017
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
4
Tangible fixed assets
Total
At 1 January 2017
416,320
At 31 December 2017
448,961
Charge for the year
28,956
At 31 December 2017
118,255
At 31 December 2017
330,706
At 31 December 2016
327,021
AG Motors Limited
Notes to the Accounts
for the year ended 31 December 2017
5
Average number of employees
During the year the average number of employees was 17 (2016: 15).