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REGISTERED NUMBER: 04796783 (England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

A.G.S. Tech Limited

A.G.S. Tech Limited (Registered number: 04796783)






Contents of the Abbreviated Accounts
for the year ended 30 June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

A.G.S. Tech Limited

Company Information
for the year ended 30 June 2016







DIRECTORS: A G Sharp
R K Braithwaite





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

A.G.S. Tech Limited (Registered number: 04796783)

Abbreviated Balance Sheet
30 June 2016

30/6/16 30/6/15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 11,060 12,640
Tangible assets 3 6,901 8,662
17,961 21,302

CURRENT ASSETS
Stocks 19,759 19,759
Debtors 65,032 30,983
Prepayments and accrued income 2,081 2,759
Cash at bank and in hand 56,430 9,031
143,302 62,532
CREDITORS
Amounts falling due within one year 83,922 59,791
NET CURRENT ASSETS 59,380 2,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,341

24,043

PROVISIONS FOR LIABILITIES 142 194
NET ASSETS 77,199 23,849

CAPITAL AND RESERVES
Called up share capital 4 1,200 1,200
Profit and loss account 75,999 22,649
SHAREHOLDERS' FUNDS 77,199 23,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

A.G.S. Tech Limited (Registered number: 04796783)

Abbreviated Balance Sheet - continued
30 June 2016


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 15 July 2016 and were signed on its behalf by:





A G Sharp - Director


A.G.S. Tech Limited (Registered number: 04796783)

Notes to the Abbreviated Accounts
for the year ended 30 June 2016

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
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over
the expected useful economic life of 20 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 31,600
AMORTISATION
At 1 July 2015 18,960
Amortisation for year 1,580
At 30 June 2016 20,540
NET BOOK VALUE

At 30 June 2016 11,060
At 30 June 2015 12,640

A.G.S. Tech Limited (Registered number: 04796783)

Notes to the Abbreviated Accounts - continued
for the year ended 30 June 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 33,760
Additions 764
Disposals (160 )
At 30 June 2016 34,364
DEPRECIATION
At 1 July 2015 25,098
Charge for year 2,525
Eliminated on disposal (160 )
At 30 June 2016 27,463
NET BOOK VALUE
At 30 June 2016 6,901
At 30 June 2015 8,662

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/16 30/6/15
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
1,200 1,200