AGL Corporate Merchandising Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04598840 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st December 2013

for

AGL Corporate Merchandising Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

A G Lloyd

REGISTERED OFFICE:

7 Dunsley Drive

Stourbridge

West Midlands

DY8 5RA

REGISTERED NUMBER:

04598840 (England and Wales)

ACCOUNTANTS:

Neil Westwood & Co.

Chartered Accountants

101 Dixons Green Road

Dudley

West Midlands

DY2 7DJ

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of AGL Corporate Merchandising Ltd for the year ended

31st December 2013 which comprise the Profit and Loss Account, the Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we

are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the director of AGL Corporate Merchandising Ltd in accordance with the terms

of our engagement letter dated 18th June 2007. Our work has been undertaken solely to prepare for your

approval the financial statements of AGL Corporate Merchandising Ltd and state those matters that we have

agreed to state to the director of AGL Corporate Merchandising Ltd in this report in accordance with AAF

2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that AGL Corporate Merchandising Ltd has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position

and profit of AGL Corporate Merchandising Ltd. You consider that AGL Corporate Merchandising Ltd is

exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AGL Corporate

Merchandising Ltd. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any opinion

on the statutory financial statements.

Neil Westwood & Co.

Chartered Accountants

101 Dixons Green Road

Dudley

West Midlands

DY2 7DJ

22nd September 2014

CALLED UP SHARE CAPITAL NOT PAID

1,000

1,000

FIXED ASSETS

Intangible assets

2

12,263

15,330

Tangible assets

3

627

337

12,890

15,667

CURRENT ASSETS

Stocks

365

390

Debtors

30,689

31,184

Cash at bank and in hand

1,417

1,007

32,471

32,581

CREDITORS

Amounts falling due within one year

45,288

48,224

NET CURRENT LIABILITIES

(12,817

)

(15,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,073

1,024

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

73

24

SHAREHOLDERS' FUNDS

1,073

1,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 22nd September 2014 and were signed by:

A G Lloyd - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of fifteen years.

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

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 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 1st January 2013

and 31st December 2013

46,000

AMORTISATION

At 1st January 2013

30,670

Amortisation for year

3,067

At 31st December 2013

33,737

NET BOOK VALUE

At 31st December 2013

12,263

At 31st December 2012

15,330

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

2,741

Additions

402

At 31st December 2013

3,143

DEPRECIATION

At 1st January 2013

2,404

Charge for year

112

At 31st December 2013

2,516

NET BOOK VALUE

At 31st December 2013

627

At 31st December 2012

337

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31st December 2013 and 31st December 2012:

2013

2012

£

£

A G Lloyd

Balance outstanding at start of year

3,119

2,624

Amounts advanced

25,405

17,343

Amounts repaid

(17,875

)

(16,848

)

Balance outstanding at end of year

10,649

3,119