REGISTERED NUMBER: 05197605 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2013

for

AG Insulations Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

Mr AP Garfoot

REGISTERED OFFICE:

34 Clay Hill Road

Sleaford

Lincolnshire

NG34 7TF

REGISTERED NUMBER:

05197605 (England and Wales)

ACCOUNTANTS:

Chris Rooke Management Limited

Greetwell Place

2 Lime Kiln Way

Greetwell Road

Lincoln

Lincolnshire

LN2 4US

BANKERS:

HSBC Bank Plc

26 Market Place

Sleaford

Lincolnshire

NG34 7SB

FIXED ASSETS

Tangible assets

2

-

1,985

CURRENT ASSETS

Debtors

15,449

12,744

Cash at bank

40,056

23,920

55,505

36,664

CREDITORS

Amounts falling due within one year

26,483

18,554

NET CURRENT ASSETS

29,022

18,110

TOTAL ASSETS LESS CURRENT LIABILITIES

29,022

20,095

PROVISIONS FOR LIABILITIES

-

82

NET ASSETS

29,022

20,013

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

29,012

20,003

SHAREHOLDERS' FUNDS

29,022

20,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 12 April 2013 and were signed by:

Mr AP Garfoot - 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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 April 2012

11,757

Disposals

(11,757

)

At 31 March 2013

-

DEPRECIATION

At 1 April 2012

9,772

Eliminated on disposal

(9,772

)

At 31 March 2013

-

NET BOOK VALUE

At 31 March 2013

-

At 31 March 2012

1,985

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10

Ordinary

£1

10

10

4.	TRANSACTIONS WITH DIRECTOR

The following loan to directors subsisted during the years ended 31 March 2013 and

31 March 2012:

2013

2012

£

£

Mr AP Garfoot

Balance outstanding at start of year

(8,000

)

-

Amounts advanced

8,000

-

Amounts repaid

-

(8,000

)

Balance outstanding at end of year

-

(8,000

)

The following reproduces the text of the report prepared for the director 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 31 March 2013 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.

Chris Rooke Management Limited

Greetwell Place

2 Lime Kiln Way

Greetwell Road

Lincoln

Lincolnshire

LN2 4US

12 April 2013