REGISTERED NUMBER: 03417627 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

A & G SCREENPRINTERS & COMPANY LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

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

4

30,855

41,140

Tangible assets

5

40,804

28,759

71,659

69,899

CURRENT ASSETS

Stocks

65,294

68,294

Debtors

30,436

27,698

Cash at bank and in hand

12,771

29,967

108,501

125,959

CREDITORS

Amounts falling due within one year

108,747

103,073

NET CURRENT (LIABILITIES)/ASSETS

(246

)

22,886

TOTAL ASSETS LESS CURRENT LIABILITIES

71,413

92,785

CREDITORS

Amounts falling due after more than one year

(16,497

)

(45,000

)

PROVISIONS FOR LIABILITIES

(6,606

)

(3,075

)

NET ASSETS

48,310

44,710

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

48,210

44,610

SHAREHOLDERS' FUNDS

48,310

44,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2018 and were signed on its behalf by:

A D Jones - Director

G A Jones - Director

1.	STATUTORY INFORMATION

A & G Screenprinters & Company Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost, 25% on reducing balance and 20% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation

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

material timimg differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

102,850

AMORTISATION

At 1 April 2017

61,710

Amortisation for year

10,285

At 31 March 2018

71,995

NET BOOK VALUE

At 31 March 2018

30,855

At 31 March 2017

41,140

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

128,131

Additions

25,599

Disposals

(8,995

)

At 31 March 2018

144,735

DEPRECIATION

At 1 April 2017

99,372

Charge for year

6,703

Eliminated on disposal

(2,144

)

At 31 March 2018

103,931

NET BOOK VALUE

At 31 March 2018

40,804

At 31 March 2017

28,759