REGISTERED NUMBER: 04957212 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2016

FOR

AGYL LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T Gere

Mrs S Leung

T Leung

SECRETARY:

T Gere

REGISTERED OFFICE:

F12A Waterfront Studios

1 Dock Road

London

E16 1AH

REGISTERED NUMBER:

04957212 (England and Wales)

ACCOUNTANTS:

Parkers

Cornelius House

178-180 Church Road

Hove

East Sussex

BN3 2DJ

FIXED ASSETS

Tangible assets

2

1,369

612

CURRENT ASSETS

Stocks

-

14,883

Debtors

42,506

33,911

Cash at bank

27,263

17,526

69,769

66,320

CREDITORS

Amounts falling due within one year

51,980

55,748

NET CURRENT ASSETS

17,789

10,572

TOTAL ASSETS LESS CURRENT LIABILITIES

19,158

11,184

CAPITAL AND RESERVES

Called up share capital

3

5,000

5,000

Profit and loss account

14,158

6,184

SHAREHOLDERS' FUNDS

19,158

11,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 27th January 2017 and were signed on its behalf by:

T Gere - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

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 cost

Office 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 tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2015

9,361

Additions

757

At 30th April 2016

10,118

DEPRECIATION

At 1st May 2015

and 30th April 2016

8,749

NET BOOK VALUE

At 30th April 2016

1,369

At 30th April 2015

612

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

3,825

Ordinary A

£1

3,750

3,750

1,275

Ordinary B

£1

1,250

1,250

5,000

5,000