A_G_S_CARPENTRY_LTD - Accounts
A_G_S_CARPENTRY_LTD - Accounts
Company Registration No. 05668075 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(127,977 )
(118,149 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
4
(15,751 )
(18,403 )
Provisions for liabilities
(3,569 )
(1,628 )
29,225
20,649
Capital and reserves
Called up share capital
5
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 14 September 2015
Director
Director
Company Registration No. 05668075
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
68,776
Additions
16,384
Disposals
(13,000)
At 31 March 2015
72,160
Depreciation
At 1 April 2014
35,421
On disposals
(8,887)
Charge for the year
11,408
At 31 March 2015
37,942
Net book value
At 31 March 2015
34,218
At 31 March 2014
33,355
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £12,850 (2014 - £9,167).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £15,751 (2014 - £18,403).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid