REGISTERED NUMBER: 04796783 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

A.G.S. Tech Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Cranshaw

C J Prescott

C S King

REGISTERED OFFICE:

44 York Street

Clitheroe

Lancashire

BB7 2DL

REGISTERED NUMBER:

04796783 (England and Wales)

ACCOUNTANTS:

FS Accountants Limited

44 York Street

Clitheroe

Lancashire

BB7 2DL

FIXED ASSETS

Intangible assets

4

9,480

11,060

Tangible assets

5

5,878

6,901

15,358

17,961

CURRENT ASSETS

Stocks

55,557

19,759

Debtors

211,377

65,032

Prepayments and accrued income

1,433

2,081

Cash at bank and in hand

103,367

56,430

371,734

143,302

CREDITORS

Amounts falling due within one year

199,121

83,922

NET CURRENT ASSETS

172,613

59,380

TOTAL ASSETS LESS CURRENT LIABILITIES

187,971

77,341

PROVISIONS FOR LIABILITIES

105

142

NET ASSETS

187,866

77,199

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

186,666

75,999

SHAREHOLDERS' FUNDS

187,866

77,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 September 2017 and were signed on its behalf by:

C S King - Director

C J Prescott - Director

S P Cranshaw - Director

1.	STATUTORY INFORMATION

A.G.S. Tech Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

remaining useful economic life of 7 years.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% 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.

Taxation

Taxation for the year 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 year 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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

31,600

AMORTISATION

At 1 July 2016

20,540

Amortisation for year

1,580

At 30 June 2017

22,120

NET BOOK VALUE

At 30 June 2017

9,480

At 30 June 2016

11,060

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

34,364

Additions

1,180

At 30 June 2017

35,544

DEPRECIATION

At 1 July 2016

27,463

Charge for year

2,203

At 30 June 2017

29,666

NET BOOK VALUE

At 30 June 2017

5,878

At 30 June 2016

6,901

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Scarisbrick Holdings Ltd.