REGISTERED NUMBER: 03417627 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

A & G SCREENPRINTERS & COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A D Jones

G A Jones

SECRETARY:

G A Jones

REGISTERED OFFICE:

Booth Street Chambers

Booth Street

Ashton-under-Lyne

Lancashire

OL6 7LQ

REGISTERED NUMBER:

03417627 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

BANKERS:

Barclays Bank plc

25 High Street

Oldham

Lancashire

OL1 3AZ

FIXED ASSETS

Intangible assets

2

51,425

61,710

Tangible assets

3

8,938

11,799

60,363

73,509

CURRENT ASSETS

Stocks

69,764

72,797

Debtors

34,101

50,474

Cash at bank and in hand

15,244

10,247

119,109

133,518

CREDITORS

Amounts falling due within one year

91,707

114,987

NET CURRENT ASSETS

27,402

18,531

TOTAL ASSETS LESS CURRENT LIABILITIES

87,765

92,040

CREDITORS

Amounts falling due after more than one year

(45,000

)

(55,000

)

PROVISIONS FOR LIABILITIES

(1,330

)

(1,802

)

NET ASSETS

41,435

35,238

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

41,335

35,138

SHAREHOLDERS' FUNDS

41,435

35,238

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 22 September 2016 and were signed on its behalf by:

A D Jones - Director

G A Jones - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred taxation

In accordance with FRS 19, provision is made at current rates for taxation deferred in respect of all

material timimg differences.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

102,850

AMORTISATION

At 1 April 2015

41,140

Amortisation for year

10,285

At 31 March 2016

51,425

NET BOOK VALUE

At 31 March 2016

51,425

At 31 March 2015

61,710

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

115,627

Additions

5,775

Disposals

(9,900

)

At 31 March 2016

111,502

DEPRECIATION

At 1 April 2015

103,828

Charge for year

7,118

Eliminated on disposal

(8,382

)

At 31 March 2016

102,564

NET BOOK VALUE

At 31 March 2016

8,938

At 31 March 2015

11,799

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary shares

£1

100

100

5.	ULTIMATE PARENT COMPANY

The company's parent is AGJ Holdings Limited, a company registered in England and Wales.