Agathon International Limited - Period Ending 2015-09-30

Registration number: 08227925

Agathon International Limited

Annual Report and Unaudited Abbreviated Accounts


for the Year Ended 30 September 2015
 

Agathon International Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Agathon International Limited
(Registration number: 08227925)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					334			-
Current assets
Debtors					4,553			2
Cash at bank and in hand					2,275			-
					6,828			2
Creditors: Amounts falling due within one year					(6,671)			-
Net current assets					157			2
Total assets less current liabilities					491			2
Provisions for liabilities					(67)			-
Net assets					424			2
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					422			-
Shareholders' funds					424			2

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Agathon International Limited
(Registration number: 08227925)
Abbreviated Balance Sheet at 30 September 2015
......... continued

Approved by the director on 19 April 2016

.........................................
Mr G Lee
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Agathon International Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	20% Straight Line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the transaction date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Agathon International Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		417			417
At 30 September 2015		417			417
Depreciation
Charge for the year		83			83
At 30 September 2015		83			83
Net book value
At 30 September 2015		334			334

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

4

Control

The company is controlled by Mr G Lee by virtue of his 100% beneficial ownership of the called up share capital.

Page 4