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Unaudited Financial Statements |
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For The Year Ended 31st July 2018 |
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AGL Cleaning Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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For The Year Ended 31st July 2018 |
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for |
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AGL Cleaning Ltd |
AGL Cleaning Ltd (Registered number: 09688093) |
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Contents of the Financial Statements |
For The Year Ended 31st July 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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AGL Cleaning Ltd |
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Company Information |
For The Year Ended 31st July 2018 |
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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 |
Bank House |
4 Wharf Road |
Sale |
Cheshire |
M33 2AF |
AGL Cleaning Ltd (Registered number: 09688093) |
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Balance Sheet |
31st July 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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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: |
(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. |
AGL Cleaning Ltd (Registered number: 09688093) |
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Balance Sheet - continued |
31st July 2018 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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AGL Cleaning Ltd (Registered number: 09688093) |
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Notes to the Financial Statements |
For The Year Ended 31st July 2018 |
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1. | STATUTORY INFORMATION |
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AGL Cleaning 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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover 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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Tangible fixed assets |
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Equipment | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Stocks 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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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. |
AGL Cleaning Ltd (Registered number: 09688093) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st July 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
Included within debtors is a balance of £10,608 due from a director, A Lumley-Jones, relating to his overdrawn |
director's loan account. The company's ability to continue trading is dependant upon this loan being repaid. A |
Lumley-Jones has confirmed his ability to repay these funds. |
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As a result, the directors consider it appropriate to prepare the financial statements on the going concern basis. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
Equipment | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st August 2017 |
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Additions |
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At 31st July 2018 |
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DEPRECIATION |
At 1st August 2017 |
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Charge for year |
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At 31st July 2018 |
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NET BOOK VALUE |
At 31st July 2018 |
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At 31st July 2017 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
At 1st August 2017 |
and 31st July 2018 |
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DEPRECIATION |
At 1st August 2017 |
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Charge for year |
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At 31st July 2018 |
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NET BOOK VALUE |
At 31st July 2018 |
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At 31st July 2017 |
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AGL Cleaning Ltd (Registered number: 09688093) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st July 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Directors loan account | 10,608 | - |
Corporation tax recoverable |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Value added tax | 4,728 | - |
Directors loan account |
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Accrued expenses |
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The Directors loan account represents amount due to a director, G Lumley-Jones. The loan is unsecured and |
interest free with no fixed terms for repayment. |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Hire purchase contracts | 11,531 | 14,089 |
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The bank overdraft facility has been personally guaranteed by the directors. |
AGL Cleaning Ltd (Registered number: 09688093) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st July 2018 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31st July 2018 and |
31st July 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The Directors' loan account represents amounts due to a director, A Lumley-Jones. The loan is unsecured with |
interest charged at 3% per annum. There are no fixed terms for repayment. |
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10. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £47,000 (2017 - £21,000) were paid to the directors . |