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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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AGI GLOBAL LOGISTICS (CT) LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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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 2020 |
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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 2020 |
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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 2020 |
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30.11.20 | 30.11.19 |
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 2020 |
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1. | STATUTORY INFORMATION |
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AGI Global Logistics (CT) Limited is a
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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. |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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2. | ACCOUNTING POLICIES - continued |
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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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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 December 2019 |
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Additions |
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At 30 November 2020 |
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DEPRECIATION |
At 1 December 2019 |
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Charge for year |
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At 30 November 2020 |
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NET BOOK VALUE |
At 30 November 2020 |
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At 30 November 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.20 | 30.11.19 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.20 | 30.11.19 |
£ | £ |
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 2020 |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
30.11.20 | 30.11.19 |
£ | £ |
Within one year |
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Between one and five years |
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8. | PROVISIONS FOR LIABILITIES |
30.11.20 | 30.11.19 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
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Deferred |
tax |
£ |
Balance at 1 December 2019 |
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Reversal of timing differences | 1,932 |
Balance at 30 November 2020 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.20 | 30.11.19 |
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 2019 |
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Profit for the year |
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Dividends | ( |
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At 30 November 2020 |
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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 2020 |
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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 unqualified. |
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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 £2,340 (2019: £1,386). |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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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 £32,000 (2019: £28,240). |
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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 |
2019 | - | 132,274 |
2020 | 23,887 | - |
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AGI Global Logistics Limited |
2019 | 373,829 | - |
2020 | 335,151 | - |
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AGI Global Logistics (DN) Limited |
2019 | - | 510 |
2020 | - | 3,788 |
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AGI Global Logistics (CO) Limited |
2019 | - | - |
2020 | 840 | - |
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AGI Global Logistics (SW) Limited |
2019 | 2,454 | - |
2020 | 1,932 | - |
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AGI Global Logistics (BHX) Limited |
2019 | - | - |
2020 | - | 86,312 |
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AGI Global Logistics (WA) Limited |
2019 | 9,684 | - |
2020 | 5,886 | - |
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14. | ULTIMATE PARENT COMPANY |
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The ultimate parent company is Atlantic Group International Limited. |
AGI GLOBAL LOGISTICS (CT) LIMITED (REGISTERED NUMBER: 10621833) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2020 |
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15. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |