Aegis Design Limited Company Accounts

AEGIS DESIGN LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2016-08-01 Sage Accounts Production Advanced 2017 Update 4 - FRS xbrli:pure xbrli:shares iso4217:GBP 06930038 2016-08-01 2017-07-31 06930038 2017-07-31 06930038 2016-07-31 06930038 bus:RegisteredOffice 2016-08-01 2017-07-31 06930038 bus:LeadAgentIfApplicable 2016-08-01 2017-07-31 06930038 bus:Director1 2016-08-01 2017-07-31 06930038 core:WithinOneYear 2017-07-31 06930038 core:WithinOneYear 2016-07-31 06930038 core:AfterOneYear 2016-07-31 06930038 core:ShareCapital 2017-07-31 06930038 core:ShareCapital 2016-07-31 06930038 core:RetainedEarningsAccumulatedLosses 2017-07-31 06930038 core:RetainedEarningsAccumulatedLosses 2016-07-31 06930038 bus:FRS102 2016-08-01 2017-07-31 06930038 bus:AuditExempt-NoAccountantsReport 2016-08-01 2017-07-31 06930038 bus:FullAccounts 2016-08-01 2017-07-31 06930038 bus:SmallCompaniesRegimeForAccounts 2016-08-01 2017-07-31 06930038 bus:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31

COMPANY REGISTRATION NUMBER: 06930038

AEGIS DESIGN LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2017

AEGIS DESIGN LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2017

CONTENTS	PAGES

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 4

AEGIS DESIGN LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	Mr J C Broadbent

Registered office	Gatehead Business Park
	Delph New Road
	Delph
	Oldham
	OL3 5DE

Accountants	Seligman Percy
	Chartered Accountants
	11 - 16 Prudential Buildings
	61 St Petersgate
	Stockport
	Cheshire
	SK1 1DH

Bankers	National Westminster Bank Plc
	Fifth Floor
	1 Spinning Fields Square
	Deansgate
	Manchester
	M3 3AP

AEGIS DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2017

	2017		2016
Note	£	£	£

CURRENT ASSETS

Debtors	4	–	7,665
Cash at bank and in hand		269	1,383
		----	-------
		269	9,048

CREDITORS: amounts falling due within one year	5	750		84,454
		----		--------
NET CURRENT LIABILITIES			481	75,406
			----	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 481)	( 75,406)

CREDITORS: amounts falling due after more than one year	6	–	( 223,611)
		----	---------
NET LIABILITIES		( 481)	( 299,017)
		----	---------

CAPITAL AND RESERVES

Called up share capital	10,000	10,000
Profit and loss account	( 10,481)	( 309,017)
	--------	---------
SHAREHOLDERS DEFICIT	( 481)	( 299,017)
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 26 April 2018 , and are signed on behalf of the board by:

Mr J C Broadbent
Director

Company registration number: 06930038

AEGIS DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Gatehead Business Park, Delph New Road, Delph, Oldham, OL3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. If the company was unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values to their recoverable amount and to provide for future liabilities that may arise and to reclassify fixed assets as current assets. The director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 August 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2017	2016
	£	£
Other debtors	–	7,665
	----	-------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	82,754
Other creditors	750	1,700
	----	--------
	750	84,454
	----	--------

6. Creditors: amounts falling due after more than one year

	2017	2016
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	223,611
	----	---------

As at 31 July 2017 the company owed £nil (2016 - £223,611) to Johnson Construction UK Limited, a fellow wholly owned group undertaking, which entered administration on the 27 March 2015 and then moved to a Creditors Voluntary Liquidation on 2 June 2015. The liquidator of Johnson Construction UK Limited has indicated he will not seek to recover this debt and so it has been written off.

7. Contingencies

The company is party to an unlimited cross-guarantee in favour of the company's bank, together with Johnson Group Holdings Limited, Johnson Construction UK Limited, Johnson Homes (Northern) Limited, Rockfield Group Limited and R&G Construction (Manchester) Limited.

8. Related party transactions

As at 31 July 2017 the company was owed £nil (2016 - £1,230) from Rockfield Group Limited. Rockfield Group Limited is not a wholly owned group undertaking but is a related party of R&G Construction (Manchester) Limited due to the entity being a fellow subsidiary of Johnson Group Holdings Limited and being under common control.

9. Controlling party

The company's ultimate parent is Johnson Group Holdings Limited . The director does not consider there to be an ultimate controlling party of Johnson Group Holdings Limited.

10. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 August 2015.

No transitional adjustments were required in equity or profit or loss for the year.