AG42 Limited - Accounts to registrar (filleted) - small 18.1

AG42 Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 09312501(England and Wales)
















Unaudited Financial Statements for the Year Ended 30 November 2017

for

AG42 Limited

AG42 Limited (Registered number: 09312501)






Contents of the Financial Statements
for the Year Ended 30 November 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AG42 Limited

Company Information
for the Year Ended 30 November 2017







DIRECTOR: A Geddes





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





REGISTERED NUMBER: 09312501(England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

AG42 Limited (Registered number: 09312501)

Balance Sheet
30 November 2017

30.11.17 30.11.16
Notes £    £   
CURRENT ASSETS
Debtors 4 33,533 11,495
Cash at bank 35,294 37,154
68,827 48,649
CREDITORS
Amounts falling due within one year 5 68,711 48,530
NET CURRENT ASSETS 116 119
TOTAL ASSETS LESS CURRENT
LIABILITIES

116

119

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 16 19
SHAREHOLDERS' FUNDS 116 119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 3 April 2018and were signed by:





A Geddes- Director


AG42 Limited (Registered number: 09312501)

Notes to the Financial Statements
for the Year Ended 30 November 2017

1. STATUTORY INFORMATION

AG42 Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

These financial statements for the year ended 30 November 2017 are the first financial statements of AG42
Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and
Republic of Ireland. The date of transition to FRS 102 was 1 December 2015. The reported financial position
and financial performance for the previous period are not affected by the transition to FRS 102.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2016 - 2) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.17 30.11.16
£    £   
Trade debtors 19,804 -
Other debtors 13,729 11,495
33,533 11,495

AG42 Limited (Registered number: 09312501)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.17 30.11.16
£    £   
Taxation and social security 19,772 15,757
Other creditors 48,939 32,773
68,711 48,530

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.17 30.11.16
value: £    £   
100 Ordinary £1 100 100