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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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AGI GLOBAL LOGISTICS (CT) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018 |
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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 2018 |
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Page |
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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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AGI GLOBAL LOGISTICS (CT) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 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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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 2018 |
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30.11.18 | 30.11.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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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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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. |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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BALANCE SHEET - continued |
30 NOVEMBER 2018 |
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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 on
signed on its behalf by: |
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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 2018 |
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1. | STATUTORY INFORMATION |
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AGI Global Logistics (CT) Limited is a
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England 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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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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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 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1 December 2017 |
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Additions |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.18 | 30.11.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.11.18 | 30.11.17 |
£ | £ |
Within one year |
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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 2018 |
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8. | PROVISIONS FOR LIABILITIES |
30.11.18 | 30.11.17 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Accelerated capital allowances | 2,196 |
Balance at 30 November 2018 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.18 | 30.11.17 |
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 2017 |
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Profit for the year |
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Dividends | ( |
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At 30 November 2018 |
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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 2018 |
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11. | 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 £40,890 (2017 £6,382). |
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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 |
£ | £ |
Toogood International
Transport & Agricultural Services Limited |
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2017 | - | 347 |
2018 | - | 694 |
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Oak International Freight
Limited |
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2017 | 1,680 | 16,565 |
2018 | 1,980 | 27,080 |
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AGI Global Logistics Limited |
2017 | 61,933 | - |
2018 | 475,726 | - |
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Atlantic Group International
Limited |
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2017 | - | 8,334 |
2018 | - | 87,753 |
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AGI Global Logistics (DN)
Limited |
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2017 | - | - |
2018 | - | 4,240 |
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AGI Global Logistics (WA)
Limited |
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2017 | - | - |
2018 | - | 1,500 |
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AGI Global Logistics (SW)
Limited |
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2017 | - | - |
2018 | 1,410 | - |
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12. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Atlantic Group International Limited. |