REGISTERED NUMBER: 04029352 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

AGS Global Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Clarke

G A Matthews

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

04029352 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Tangible assets

2

110

146

CURRENT ASSETS

Stocks

1,743

-

Debtors

5,340

3,055

Cash at bank

16,191

41,572

23,274

44,627

CREDITORS

Amounts falling due within one year

22,998

41,294

NET CURRENT ASSETS

276

3,333

TOTAL ASSETS LESS CURRENT LIABILITIES

386

3,479

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

236

3,329

SHAREHOLDERS' FUNDS

386

3,479

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 20 December 2016 and were signed on its behalf by:

A J Clarke - 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 the value of sales to customers, net of discounts, allowances, volume and promotional

rebates and other payments to customers. Sale of goods are recognised when the company has delivered product

to the customer, the customer has accepted the products and collectability of the related receivable is reasonably

assured.

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

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,437

DEPRECIATION

At 1 April 2015

2,291

Charge for year

36

At 31 March 2016

2,327

NET BOOK VALUE

At 31 March 2016

110

At 31 March 2015

146

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

50

Ordinary C

£1

50

50

150

150