REGISTERED NUMBER: 02888516 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2012

FOR

AGTC BIOPRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

R J Russell

N Henderson

SECRETARY:

N Henderson

REGISTERED OFFICE:

Unit 4

Fleet Business Park

Hessle

E R Yorkshire

HU13 9LX

REGISTERED NUMBER:

02888516 (England and Wales)

ACCOUNTANTS:

Humber Business Services

4 Northgate

Hessle

East Yorks of Yorks

HU13 9AA

FIXED ASSETS

Tangible assets

2

7,719

5,321

Investments

3

1

1

7,720

5,322

CURRENT ASSETS

Stocks

142,759

116,881

Debtors

371,038

363,028

Cash at bank

-

13,689

513,797

493,598

CREDITORS

Amounts falling due within one year

520,736

496,072

NET CURRENT LIABILITIES

(6,939

)

(2,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

781

2,848

PROVISIONS FOR LIABILITIES

183

-

NET ASSETS

598

2,848

CAPITAL AND RESERVES

Called up share capital

4

98

98

Profit and loss account

500

2,750

SHAREHOLDERS' FUNDS

598

2,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2012 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 28 June 2013 and were signed on its behalf by:

R J Russell - 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.

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

-

over 4 yrs

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 October 2011

43,705

Additions

6,888

At 30 September 2012

50,593

DEPRECIATION

At 1 October 2011

38,384

Charge for year

4,490

At 30 September 2012

42,874

NET BOOK VALUE

At 30 September 2012

7,719

At 30 September 2011

5,321

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2011

and 30 September 2012

1

NET BOOK VALUE

At 30 September 2012

1

At 30 September 2011

1

The company's investments at the balance sheet date in the share capital of companies include the following:

Associated company

The company owns 50% of the shares in AGTC Bioproducts LLC and company incorporated in the United

States of America the cost value of these shares was £1.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2012

2011

value:

£

£

98

Ordinary

£1

98

98

5.	TRANSACTIONS WITH DIRECTORS

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

30 September 2012 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Humber Business Services

4 Northgate

Hessle

East Yorks of Yorks

HU13 9AA

28 June 2013