REGISTERED NUMBER: 04482612 (England and Wales)

A & G PRECISION ENGINEERS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

1 SEPTEMBER 2012 TO 31 JANUARY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S R Denton

REGISTERED OFFICE:

5 North Street

Hailsham

East Sussex

BN27 1DQ

REGISTERED NUMBER:

04482612 (England and Wales)

ACCOUNTANTS:

Harvey Telford & Bates Chartered Accountants

10 Park Plaza

Battlefield Enterprise Park

Shrewsbury

Shropshire

SY1 3AF

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

130,532

163,594

130,532

163,594

CURRENT ASSETS

Stocks

16,979

9,750

Debtors

399,070

155,210

Cash at bank and in hand

273

32,789

416,322

197,749

CREDITORS

Amounts falling due within one year

4

241,981

146,905

NET CURRENT ASSETS

174,341

50,844

TOTAL ASSETS LESS CURRENT LIABILITIES

304,873

214,438

CREDITORS

Amounts falling due after more than one year

4

144,392

10,537

NET ASSETS

160,481

203,901

CAPITAL AND RESERVES

Called up share capital

5

199

199

Profit and loss account

160,282

203,702

SHAREHOLDERS' FUNDS

160,481

203,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 April 2015 and were signed by:

S R Denton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making

due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

and 31 January 2014

40,000

AMORTISATION

At 1 September 2012

and 31 January 2014

40,000

NET BOOK VALUE

At 31 January 2014

-

At 31 August 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

346,953

Additions

911

At 31 January 2014

347,864

DEPRECIATION

At 1 September 2012

183,359

Charge for period

33,973

At 31 January 2014

217,332

NET BOOK VALUE

At 31 January 2014

130,532

At 31 August 2012

163,594

4.

CREDITORS

Creditors include an amount of £ 265,756 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

£

£

99

Ordinary A

£1

99

99

100

Ordinary

£1

100

100

199

199

6.	ULTIMATE PARENT COMPANY

The ultimate parent company is Teller Investments Ltd.