REGISTERED NUMBER: 05928927 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

A & G Electrical Distributors Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

3,000

6,000

Tangible assets

3

4,661

11,196

7,661

17,196

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

167,716

165,771

Cash at bank and in hand

86,175

48,108

293,891

253,879

CREDITORS

Amounts falling due within one year

153,522

157,471

NET CURRENT ASSETS

140,369

96,408

TOTAL ASSETS LESS CURRENT LIABILITIES

148,030

113,604

CREDITORS

Amounts falling due after more than one year

(3,339

)

(5,398

)

PROVISIONS FOR LIABILITIES

(76

)

(1,195

)

NET ASSETS

144,615

107,011

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

144,515

106,911

SHAREHOLDERS' FUNDS

144,615

107,011

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 November 2016 and were signed on its behalf by:

G Pinnell - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued by the directors estimates.

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

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 April 2015

and 31 March 2016

30,000

AMORTISATION

At 1 April 2015

24,000

Amortisation for year

3,000

At 31 March 2016

27,000

NET BOOK VALUE

At 31 March 2016

3,000

At 31 March 2015

6,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

74,867

Additions

724

At 31 March 2016

75,591

DEPRECIATION

At 1 April 2015

63,671

Charge for year

7,259

At 31 March 2016

70,930

NET BOOK VALUE

At 31 March 2016

4,661

At 31 March 2015

11,196

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and 31 March 2015:

2016

2015

£

£

G Pinnell

Balance outstanding at start of year

1,325

(34,516

)

Amounts advanced

32,626

62,691

Amounts repaid

(31,250

)

(26,850

)

Balance outstanding at end of year

2,701

1,325

The above loan account was repaid in full on 30th April 2016.