Company Registration Number 06683231 (England and Wales)
AG BAIN ASSOCIATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2018
PAGES FOR FILING WITH REGISTRAR
AG BAIN ASSOCIATES LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2018
31 August 2018
- 1 -
2018
2017
£
£
£
£
Fixed assets
11,473
13,545
Current assets
56,775
90,741
Prepayments and accrued income
427
735
Creditors: amounts falling due within one year
(13,414)
1,807
Net current assets
43,788
93,283
Total assets less current liabilities
55,261
106,828
Accruals and deferred income
(1,420)
(1,850)
Net assets
53,841
104,978
Capital and reserves
53,841
104,978
AG BAIN ASSOCIATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2018
31 August 2018
- 2 -
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

The company made the following loans and advances to directors:

Advances to Directors

During the year £8,670 was advanced to the directors and £19,228 was subsequently repaid. The balance owed by the directors at the beginning of the year was £10,558 and at the end of the year was £nil. This loan has an interest charge at the official rate of 2.5% being £282 (2017 - £367) is unsecured and has no repayment terms.

 

During the year £6,931 was advanced to the directors and £17,490 was subsequently repaid. The balance owed by the directors at the beginning of the year was £10,559 and at the end of the year was £nil. This loan has an interest charge at the official rate of 2.5% being £145 (2017 - £368) is unsecured and has no repayment terms.

2
Average employees

The average number of persons (including directors) employed by the company during the year was 2 (2017 - 2).

AG Bain Associates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wildvine, 4 Were Close, WARMINSTER, Wiltshire, BA12 8TB.

 

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

For the year ended 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 November 2018 and are signed on its behalf by:
Mr A G Bain
Director
Company Registration Number 06683231
2018-08-31 2017-09-01 false CCH Software CCH Accounts Production 2018.300 No description of principal activity Mrs P A Bain Mr A G Bain Mrs P A Bain 06683231 2017-09-01 2018-08-31 06683231 2018-08-31 06683231 2017-08-31 06683231 bus:Director2 2017-09-01 2018-08-31 06683231 bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31 06683231 bus:Micro-entities 2017-09-01 2018-08-31 06683231 bus:AuditExemptWithAccountantsReport 2017-09-01 2018-08-31 06683231 bus:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 06683231 bus:Director1 2017-09-01 2018-08-31 06683231 bus:CompanySecretary1 2017-09-01 2018-08-31 06683231 bus:FullAccounts 2017-09-01 2018-08-31 xbrli:pure xbrli:shares iso4217:GBP