A & G Escrow Tapes Limited 13562680 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is manufacturing of tapes for ATM machines. Digita Accounts Production Advanced 6.30.9574.0 true 13562680 2022-09-01 2023-08-31 13562680 2023-08-31 13562680 core:CurrentFinancialInstruments 2023-08-31 13562680 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13562680 core:OfficeEquipment 2023-08-31 13562680 core:PlantMachinery 2023-08-31 13562680 bus:SmallEntities 2022-09-01 2023-08-31 13562680 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13562680 bus:FullAccounts 2022-09-01 2023-08-31 13562680 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 13562680 bus:RegisteredOffice 2022-09-01 2023-08-31 13562680 bus:Director2 2022-09-01 2023-08-31 13562680 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 13562680 core:OfficeEquipment 2022-09-01 2023-08-31 13562680 core:PlantMachinery 2022-09-01 2023-08-31 13562680 countries:EnglandWales 2022-09-01 2023-08-31 13562680 2022-08-31 13562680 core:OfficeEquipment 2022-08-31 13562680 core:PlantMachinery 2022-08-31 13562680 2021-08-12 2022-08-31 13562680 2022-08-31 13562680 core:CurrentFinancialInstruments 2022-08-31 13562680 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 13562680 core:OfficeEquipment 2022-08-31 13562680 core:PlantMachinery 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 13562680

A & G Escrow Tapes Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

A & G Escrow Tapes Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

A & G Escrow Tapes Limited

(Registration number: 13562680)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

336

262

Current assets

 

Stocks

2,000

2,500

Debtors

5

3,798

2,436

Cash at bank and in hand

 

6,140

50,710

 

11,938

55,646

Creditors: Amounts falling due within one year

6

(4,079)

(21,798)

Net current assets

 

7,859

33,848

Net assets

 

8,195

34,110

Capital and reserves

 

Called up share capital

2

2

Retained earnings

8,193

34,108

Shareholders' funds

 

8,195

34,110

 

A & G Escrow Tapes Limited

(Registration number: 13562680)
Balance Sheet as at 31 August 2023

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 November 2023 and signed on its behalf by:
 

.........................................
Mr A C Gee
Director

 

A & G Escrow Tapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
115 Duchess Way
Stratton
Swindon
Wiltshire
SN2 7TB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of tapes for ATM machines. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance basis

Office equipment

20% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

A & G Escrow Tapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is
deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

A & G Escrow Tapes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 September 2022

1

273

274

Additions

-

149

149

At 31 August 2023

1

422

423

Depreciation

At 1 September 2022

-

12

12

Charge for the year

-

75

75

At 31 August 2023

-

87

87

Carrying amount

At 31 August 2023

1

335

336

At 31 August 2022

1

261

262

5

Debtors

Current

2023
£

2022
£

Trade debtors

3,798

2,436

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

330

-

Taxation and social security

1,717

20,218

Other creditors

2,032

1,580

4,079

21,798