REGISTERED NUMBER: SC386933 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

AGNES'S PLACE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A McCann

REGISTERED OFFICE:

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

REGISTERED NUMBER:

SC386933 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

FIXED ASSETS

Tangible assets

2

2,639

3,105

CURRENT ASSETS

Stocks

1,280

1,240

Cash in hand

1,824

942

3,104

2,182

CREDITORS

Amounts falling due within one year

5,039

4,075

NET CURRENT LIABILITIES

(1,935

)

(1,893

)

TOTAL ASSETS LESS CURRENT LIABILITIES

704

1,212

PROVISIONS FOR LIABILITIES

528

621

NET ASSETS

176

591

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

174

589

SHAREHOLDERS' FUNDS

176

591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 2 March 2017 and were signed by:

A McCann - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis which assumes that the company will

continue in operational existence in the foreseeable future. The validity of this assumption depends on the

continued support of the company's director for the forthcoming year. The director believes that it is appropriate

for the going concern basis to be used.

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.

Fixtures and fittings

-

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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

7,000

DEPRECIATION

At 1 November 2015

3,895

Charge for year

466

At 31 October 2016

4,361

NET BOOK VALUE

At 31 October 2016

2,639

At 31 October 2015

3,105

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2