REGISTERED NUMBER: 01169103 (England and Wales)

A & G GRIFFITHS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 31 May 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N Griffiths

REGISTERED OFFICE:

The Counting House

61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

REGISTERED NUMBER:

01169103 (England and Wales)

ACCOUNTANTS:

Michael Dufty Partnership Limited

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

2

36,399

64,329

CURRENT ASSETS

Stocks

450

450

Debtors

2,113

4,061

Cash at bank

5,820

-

8,383

4,511

CREDITORS

Amounts falling due within one year

3

69,565

93,583

NET CURRENT LIABILITIES

(61,182

)

(89,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(24,783

)

(24,743

)

CREDITORS

Amounts falling due after more than one year

3

11,710

14,882

NET LIABILITIES

(36,493

)

(39,625

)

CAPITAL AND RESERVES

Called up share capital

4

51

51

Profit and loss account

(36,544

)

(39,676

)

SHAREHOLDERS' FUNDS

(36,493

)

(39,625

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 February 2014 and were signed by:

N Griffiths - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

10% 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2012

97,130

Additions

3,200

Disposals

(37,625

)

At 31 May 2013

62,705

DEPRECIATION

At 1 June 2012

32,801

Charge for year

5,989

Eliminated on disposal

(12,484

)

At 31 May 2013

26,306

NET BOOK VALUE

At 31 May 2013

36,399

At 31 May 2012

64,329

3.

CREDITORS

Creditors include an amount of £ 10,010 (2012 - £ 50,665 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

51

Ordinary

£1

51

51

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan was repaid within 9 months of the year end.