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A G AUTOTECH LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018






A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

A G AUTOTECH LTD

COMPANY INFORMATION
FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018







DIRECTOR: I E Rettie





REGISTERED OFFICE: Unit 1 Mansfield Workshops
Mansfield Gardens
Hawick
Scottish Borders
TD9 8AN





REGISTERED NUMBER: SC565295 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)

BALANCE SHEET
31ST MAY 2018

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,164

CURRENT ASSETS
Stocks 1,200
Debtors 5 5,345
Cash at bank and in hand 29,039
35,584
CREDITORS
Amounts falling due within one year 6 19,602
NET CURRENT ASSETS 15,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,146

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 19,145
SHAREHOLDERS' FUNDS 19,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2018 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.

A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)

BALANCE SHEET - continued
31ST MAY 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 25th September 2018 and were signed by:





I E Rettie - Director


A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018

1. STATUTORY INFORMATION

A G Autotech Ltd is a private company, limited by shares , registered in Scotland. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at
transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of
impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire
or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction
price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. These are classed as current liabilities as payment is due within
one year or less. If not the are presented as non-current liabilities.
Financial liabilities are decolonised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.


A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 4,054 122 4,176
At 31st May 2018 4,054 122 4,176
DEPRECIATION
Charge for period 983 29 1,012
At 31st May 2018 983 29 1,012
NET BOOK VALUE
At 31st May 2018 3,071 93 3,164

A G AUTOTECH LTD (REGISTERED NUMBER: SC565295)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8TH MAY 2017 TO 31ST MAY 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,168
Other debtors 1,177
5,345

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 983
Taxation and social security 3,749
Other creditors 14,870
19,602

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A G AUTOTECH LTD

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain
other primary statements and the Report of the Director are not required to be filed with the
Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of A G Autotech Ltd for the period ended 31st May 2018 which comprise
the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of A G Autotech Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A G Autotech Ltd and state those matters that we have agreed to state to the director of A G Autotech Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A G Autotech Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A G Autotech Ltd. You consider that A G Autotech Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of A G Autotech Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


25th September 2018