REGISTERED NUMBER: SC296853 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

FOR

AGP T-SHIRT COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G MacKenzie

I MacKenzie

SECRETARY:

I MacKenzie

REGISTERED OFFICE:

1-3 Colvilles Place

Kelvin Ind Estate

East Kilbride

Glasgow

G75 0PZ

REGISTERED NUMBER:

SC296853 (Scotland)

ACCOUNTANTS:

Portlands

Alhambra Suite

4th Floor

82 Mitchell Street

Glasgow

G1 3NA

CURRENT ASSETS

Stocks

3,370

358

Debtors

10,423

9,980

Cash at bank

16,664

4,407

30,457

14,745

CREDITORS

Amounts falling due within one year

(30,185

)

(11,821

)

NET CURRENT ASSETS

272

2,924

TOTAL ASSETS LESS CURRENT LIABILITIES

272

2,924

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

270

2,922

SHAREHOLDERS' FUNDS

272

2,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 November 2016 and were signed on its behalf by:

G MacKenzie - 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 January 2015).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

398

At 28 February 2016

398

DEPRECIATION

Charge for year

398

At 28 February 2016

398

NET BOOK VALUE

At 28 February 2016

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary Shares of £1.00

£1.00

2

2