Art Graphics UK Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06502789 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2014 TO 30 JUNE 2015

FOR

ART GRAPHICS UK LTD

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

27,824

21,191

CURRENT ASSETS

Stocks

21,023

10,401

Debtors

32,091

26,079

Cash at bank and in hand

6,635

1,180

59,749

37,660

CREDITORS

Amounts falling due within one year

3

35,930

35,507

NET CURRENT ASSETS

23,819

2,153

TOTAL ASSETS LESS CURRENT LIABILITIES

51,643

23,344

CREDITORS

Amounts falling due after more than one year

3

(44,335

)

(16,573

)

PROVISIONS FOR LIABILITIES

(4,345

)

-

NET ASSETS

2,963

6,771

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

2,961

6,769

SHAREHOLDERS' FUNDS

2,963

6,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

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 23 March 2016 and were signed on its behalf by:

S J McDonnell - 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 the value of goods and services provided to customers, excluding Value Added Tax.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful

lives.

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Computer equipment

25% reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred tax

Full provision is made for deferred taxation resulting from timing differences between the recognition of gains

and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an

un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will

reverse.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets

and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet

date. All differences are taken to the profit and loss account.

Pension costs

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss

account as they become payable in accordance with the rules of the scheme.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

46,015

Additions

15,072

At 30 June 2015

61,087

DEPRECIATION

At 1 April 2014

24,824

Charge for period

8,439

At 30 June 2015

33,263

NET BOOK VALUE

At 30 June 2015

27,824

At 31 March 2014

21,191

3.

CREDITORS

Creditors include an amount of £ 40,000 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2