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REGISTERED NUMBER: 04613891 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

A. G. M. WHOLESALE LIMITED

A. G. M. WHOLESALE LIMITED (REGISTERED NUMBER: 04613891)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

A. G. M. WHOLESALE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Mr D N Wilson
Mrs M Wilson
Mr M Wilson





SECRETARY: Mrs M Wilson





REGISTERED OFFICE: 54 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 04613891 (England and Wales)






A. G. M. WHOLESALE LIMITED (REGISTERED NUMBER: 04613891)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 39,000
Tangible assets 3 - 10,974
- 49,974

CURRENT ASSETS
Stocks - 275,763
Debtors 40,182 55,264
Cash at bank and in hand 5,767 55,244
45,949 386,271
CREDITORS
Amounts falling due within one year 145,823 434,413
NET CURRENT LIABILITIES (99,874 ) (48,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,874

)

1,832

PROVISIONS FOR LIABILITIES - 1,704
NET (LIABILITIES)/ASSETS (99,874 ) 128

CAPITAL AND RESERVES
Called up share capital 4 300 300
Profit and loss account (100,174 ) (172 )
SHAREHOLDERS' FUNDS (99,874 ) 128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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.

A. G. M. WHOLESALE LIMITED (REGISTERED NUMBER: 04613891)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 5 August 2016 and were signed on its behalf by:





Mr D N Wilson - Director


A. G. M. WHOLESALE LIMITED (REGISTERED NUMBER: 04613891)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company has net current liabilities of £99,874 at the year end. The directors consider it appropriate to prepare the
financial statements on the going concern basis of accounting as the directors are owed £103,740 by the company at the
year end, and the directors have indicated that they will not be seeking repayment.

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 2003, is being amortised evenly over its estimated useful life of twenty five years.

The balance of the Goodwill, being the amount paid in connection with the acquisition of the business in 2003 has been
written off in full due to the cessation of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 75,000
Disposals (75,000 )
At 31 December 2015 -
AMORTISATION
At 1 January 2015 36,000
Eliminated on disposal (36,000 )
At 31 December 2015 -
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 39,000

A. G. M. WHOLESALE LIMITED (REGISTERED NUMBER: 04613891)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 38,550
Additions 649
Disposals (39,199 )
At 31 December 2015 -
DEPRECIATION
At 1 January 2015 27,576
Eliminated on disposal (27,576 )
At 31 December 2015 -
NET BOOK VALUE
At 31 December 2015 -
At 31 December 2014 10,974

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2015 2014
value: £    £   
100 Share capital 1 £1 100 100
100 Share capital 2 £1 100 100
100 Share capital 3 £1 100 100
300 300