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Financial Statements |
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for the Year Ended 31 August 2017 |
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for |
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AGD Surrey Ltd |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 31 August 2017 |
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for |
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AGD Surrey Ltd |
AGD Surrey Ltd (Registered number: 07670783) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2017 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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AGD Surrey Ltd |
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Company Information |
for the Year Ended 31 August 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Chancery House |
30 St Johns Road |
Woking |
Surrey |
GU21 7SA |
AGD Surrey Ltd (Registered number: 07670783) |
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Statement of Financial Position |
31 August 2017 |
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31/8/17 | 31/8/16 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Property, plant and equipment | 6 |
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CURRENT ASSETS |
Inventories |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
AGD Surrey Ltd (Registered number: 07670783) |
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Statement of Financial Position - continued |
31 August 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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AGD Surrey Ltd (Registered number: 07670783) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2017 |
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1. | STATUTORY INFORMATION |
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AGD Surrey Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Motor vehicles | - |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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AGD Surrey Ltd (Registered number: 07670783) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
Cost |
At 1 September 2016 |
and 31 August 2017 |
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Amortisation |
At 1 September 2016 |
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Charge for year |
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At 31 August 2017 |
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Net book value |
At 31 August 2017 |
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At 31 August 2016 |
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AGD Surrey Ltd (Registered number: 07670783) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
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6. | PROPERTY, PLANT AND EQUIPMENT |
Motor |
vehicles |
£ |
Cost |
At 1 September 2016 |
and 31 August 2017 |
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Depreciation |
At 1 September 2016 |
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Charge for year |
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At 31 August 2017 |
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Net book value |
At 31 August 2017 |
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At 31 August 2016 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
Cost |
At 1 September 2016 |
and 31 August 2017 |
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Depreciation |
At 1 September 2016 |
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Charge for year |
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At 31 August 2017 |
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Net book value |
At 31 August 2017 |
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At 31 August 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/17 | 31/8/16 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/17 | 31/8/16 |
£ | £ |
Hire purchase contracts (see note 9) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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AGD Surrey Ltd (Registered number: 07670783) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2017 |
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9. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts |
31/8/17 | 31/8/16 |
£ | £ |
Gross obligations repayable: |
Within one year |
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Finance charges repayable: |
Within one year |
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Net obligations repayable: |
Within one year |
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Non-cancellable operating |
leases |
31/8/17 | 31/8/16 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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10. | FIRST YEAR ADOPTION |
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The company has adopted FRS 102 for the year end 31 August 2017. There have been no transitional |
adjustments to the company's equity or reserves at the date of transition to FRS 102 nor at the end of the |
comparative period. |
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