AGO Productions Ltd - Filleted accounts

AGO Productions Ltd - Filleted accounts

AGO PRODUCTIONS LTD - Company Information

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Registered number
09393662
AGO Productions Ltd
Unaudited Filleted Accounts
31 December 2017
AGO Productions Ltd
Registered number: 09393662
Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 786 -
Current assets
Debtors 4 5,917 236
Cash at bank and in hand 5,662 14,399
11,579 14,635
Creditors: amounts falling due within one year 5 (3,329) (9,236)
Net current assets 8,250 5,399
Net assets 9,036 5,399
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,035 5,398
Shareholder's funds 9,036 5,399
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Clare Price
Director
Approved by the board on 4 July 2018
AGO Productions Ltd
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover - Services
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% Straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company including paid directors and office holders 1 1
3 Tangible fixed assets
Equipment
£
Cost
Additions 1,179
At 31 December 2017 1,179
Depreciation
Charge for the year 393
At 31 December 2017 393
Net book value
At 31 December 2017 786
4 Debtors 2017 2016
£ £
Other debtors 5,917 236
5 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 1,395 7,599
Other taxes and social security costs - 1,411
Director's current account 434 226
Other creditors 1,500 -
3,329 9,236
6 Controlling party
The company is controlled by Clare Price by virtue of her 100% shareholding.
7 Other information
AGO Productions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
62 The Pastures
St. Helens
Merseyside
WA9 4ZB
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