REGISTERED NUMBER: 03417627 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

A & G SCREENPRINTERS & COMPANY LTD

Page

Company Information

1

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

41,140

51,425

Tangible assets

5

28,759

8,938

69,899

60,363

CURRENT ASSETS

Stocks

68,294

69,764

Debtors

6

27,698

34,101

Cash at bank and in hand

29,967

15,244

125,959

119,109

CREDITORS

Amounts falling due within one year

7

103,073

91,707

NET CURRENT ASSETS

22,886

27,402

TOTAL ASSETS LESS CURRENT LIABILITIES

92,785

87,765

CREDITORS

Amounts falling due after more than one year

8

(45,000

)

(45,000

)

PROVISIONS FOR LIABILITIES

(3,075

)

(1,330

)

NET ASSETS

44,710

41,435

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

44,610

41,335

SHAREHOLDERS' FUNDS

44,710

41,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

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 19 December 2017 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

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

102,850

AMORTISATION

At 1 April 2016

51,425

Amortisation for year

10,285

At 31 March 2017

61,710

NET BOOK VALUE

At 31 March 2017

41,140

At 31 March 2016

51,425

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

75,580

25,360

10,562

111,502

Additions

-

28,423

2,881

31,304

Disposals

-

(14,675

)

-

(14,675

)

At 31 March 2017

75,580

39,108

13,443

128,131

DEPRECIATION

At 1 April 2016

74,001

18,270

10,293

102,564

Charge for year

863

3,111

657

4,631

Eliminated on disposal

-

(7,823

)

-

(7,823

)

At 31 March 2017

74,864

13,558

10,950

99,372

NET BOOK VALUE

At 31 March 2017

716

25,550

2,493

28,759

At 31 March 2016

1,579

7,090

269

8,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

22,419

27,283

Prepayments

5,279

6,818

27,698

34,101

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

48,503

49,878

Amounts owed to group undertakings

9,299

2,431

Corporation tax

23,458

19,781

Social security and other taxes

1,220

1,166

VAT

10,948

9,956

Other creditors

300

150

Accrued expenses

9,345

8,345

103,073

91,707

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

45,000

45,000

9.

RESERVES

Retained

earnings

£

At 1 April 2016

41,335

Profit for the year

101,619

Dividends

(98,344

)

At 31 March 2017

44,610

10.	FIRST YEAR ADOPTION

This is the first year the company has presented its financial statements under Financial Reporting

Standard 102 (FRS 102). The previous financial statements were prepared under UK GAAP for the

year ended 31 March 2016 and the date of transition was therefore 1 April 2016.

As a consequence of adopting FRS 102, no changes were required to the company's accounting

policies to comply with the standard. No adjustment were identified to the previously reported profit or

equity for the year ended 31 March 2016.