AGH Financial Consultants Limited,Ltd - AccountsLtd - Accounts

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AGH FINANCIAL CONSULTANTS LIMITED - Company Information

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2018-01-01 06776118 2018-12-31 06776118 2018-01-01 2018-12-31 06776118 2017-12-31 06776118 2017-01-01 2017-12-31 06776118 uk-core:WithinOneYear 2017-12-31 06776118 uk-core:WithinOneYear 2018-12-31 06776118 uk-core:ShareCapital 2018-12-31 06776118 uk-core:ShareCapital 2017-12-31 06776118 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 06776118 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 06776118 uk-bus:Director1 2018-01-01 2018-12-31 06776118 uk-core:ToolsEquipment 2018-01-01 2018-12-31 06776118 uk-core:FurnitureFittings 2018-01-01 2018-12-31 06776118 uk-core:ToolsEquipment 2017-12-31 06776118 uk-core:FurnitureFittings 2017-12-31 06776118 uk-core:FurnitureFittings 2018-12-31 06776118 uk-core:ToolsEquipment 2018-12-31 06776118 uk-core:WithinOneYear 2018-12-31 06776118 uk-core:WithinOneYear 2017-12-31 iso4217:GBP 06776118 uk-bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 06776118 uk-bus:FRS102 2018-01-01 2018-12-31 06776118 uk-bus:FullAccounts 2018-01-01 2018-12-31 06776118 uk-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31
AGH Financial Consultants Limited
Registered Number:06776118
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2018
AGH Financial Consultants Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 December 2018
AGH Financial Consultants Limited
Statement of Financial Position
Registered Number :
06776118
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
2,173
2,897
2
2,173
2,897
Current assets
Inventories
8,150
49,450
3
Trade and other receivables
10,941
46,796
4
9,705
Cash and cash equivalents
2,490
98,736
28,796
Trade and other payables: amounts falling due within one
year
(31,276)
(68,897)
5
(2,480)
29,839
Net current assets
Total assets less current liabilities
32,012
417
32,012
Net assets
417
Capital and reserves
Called up share capital
10
10
Retained earnings
32,002
407
32,012
417
Shareholders' funds
For the year ended 31 December 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A G Hedley Director
These financial statements were approved and authorised for issue by the Board on 28 September 2019 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2018
AGH Financial Consultants Limited
Notes to the Financial Statements
Statutory Information
AGH Financial Consultants Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 06776118.
Principal place of business:
29A High Street
West Wickham
Kent
BR4 0LP
Registered address:
266-268 Wickham Road
Shirley
Croydon
Surrey
CR0 8BJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
5
For the year ended 31 December 2018
AGH Financial Consultants Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2018
5,065
4,527
538
At 31 December 2018
538
4,527
5,065
Provision for depreciation and impairment
At 01 January 2018
2,168
1,892
276
Charge for year
724
659
65
At 31 December 2018
2,892
2,551
341
At 31 December 2018
Net book value
197
1,976
2,173
At 31 December 2017
262
2,635
2,897
3. Inventories
2017
2018
£
£
Stocks
49,450
8,150
4. Trade and other receivables
2017
2018
£
£
Trade debtors
9,927
4,144
Other debtors
36,869
6,797
10,941
46,796
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
6,988
-
Taxation and social security
57,111
24,130
Other creditors
4,798
7,146
68,897
31,276
6. Directors advances and guarantees
The Company has made loans to the director, Mr. A G. Hedley, during the year. The total loan made during the year
to 31 December 2018 of £25,809 has been fully repaid to the Company on 27 September 2019.
3 of 4
6
For the year ended 31 December 2018
AGH Financial Consultants Limited
Notes to the Financial Statements Continued
4 of 4