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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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AGI GLOBAL LOGISTICS (CT) LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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AGI GLOBAL LOGISTICS (CT) LIMITED |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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AGI GLOBAL LOGISTICS (CT) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Boyce's Building |
40-42 Regent Street |
Clifton |
Bristol |
BS8 4HU |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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BALANCE SHEET |
30 NOVEMBER 2019 |
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30.11.19 | 30.11.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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1. | STATUTORY INFORMATION |
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AGI Global Logistics (CT) Limited is a
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and Wales. The company's 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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Fixtures and fittings | - |
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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 |
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. |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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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 |
Fixtures |
and |
fittings |
£ |
COST |
At 1 December 2018 |
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Additions |
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At 30 November 2019 |
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DEPRECIATION |
At 1 December 2018 |
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Charge for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.11.19 | 30.11.18 |
£ | £ |
Within one year |
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Between one and five years |
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8. | PROVISIONS FOR LIABILITIES |
30.11.19 | 30.11.18 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Balance at 1 December 2018 |
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Reversal of timing differences | (461 | ) |
Balance at 30 November 2019 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.19 | 30.11.18 |
value: | £ | £ |
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Ordinary A | £1 | 60 | 60 |
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Ordinary B | £1 | 40 | 40 |
100 | 100 |
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10. | RESERVES |
Retained |
earnings |
£ |
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At 1 December 2018 |
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Profit for the year |
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Dividends | ( |
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At 30 November 2019 |
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AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for qualified opinion |
In the prior accounting period the directors of the company took advantage of audit exemption under |
s477 of the Companies Act. Therefore, the prior period financial statements were not subject to |
audit. |
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We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)). |
Our responsibilities under those standards are further described in the Auditor’s responsibilities for |
the audit of the financial statements section of our report. We are independent of the company in |
accordance with the ethical requirements that are relevant to our audit of the financial statements in |
the UK, and we have fulfilled our other ethical responsibilities in accordance with these |
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to |
provide a basis for our qualified opinion. |
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for and on behalf of
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12. | PENSION COMMITMENTS |
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Included in other creditors are pension commitments paid after the balance sheet date of £1,386 |
(2018: £678). |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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13. | RELATED PARTY DISCLOSURES |
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The directors maintain interest free loan accounts with the company. At the balance sheet date, the |
company owed a director £28,240 (2018 £40,890). |
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Unless otherwise stated, all transactions with related parties are conducted under normal market |
conditions. |
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At the balance sheet date the company had the following amounts outstanding to related entities. |
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Entities over which the directors have significant influence or control |
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Amounts
owed from related party |
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Amounts
owed to related party |
£ | £ |
Atlantic Group International Limited |
2018 | - | 87,753 |
2019 | - | 132,274 |
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AGI Global Logistics Limited |
2018 | 475,726 | - |
2019 | 373,829 | - |
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AGI Global Logistics (DN) Limited |
2018 | - | 4,240 |
2019 | - | 510 |
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AGI Global Logistics (WA) Limited |
2018 | - | 1,500 |
2019 | 9,684 | - |
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AGI Global Logistics (SW) Limited |
2018 | 1,410 | - |
2019 | 2,454 | - |
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AGI Global Logistics (NO) |
2018 | - | - |
2019 | 1,566 |
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Toogood International Transport & Agricultural Services
Limited |
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2018 | - | 694 |
2019 | - | 1,320 |
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Oak International Freight Limited |
2018 | 1,980 | 27,080 |
2019 | 8,760 | 33,254 |
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14. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Atlantic Group International Limited. |