AGB Narib Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 00778919 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

AGB NARIB LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P M Wright

M D Wright

SECRETARY:

P M Wright

REGISTERED OFFICE:

Fen End

Astwick Road

Stotfold

Hitchin

Hertfordshire

SG5 4BA

REGISTERED NUMBER:

00778919 (England and Wales)

ACCOUNTANTS:

Bell and Company

Chartered Accountants

64 Harpur Street

Bedford

Bedfordshire

MK40 2ST

BANKERS:

Barclays Bank PLC

St Neots Business Centre

41 High Street

St Neots

Huntingdon

Cambridgeshire

PE10 1AS

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

In accordance with your instructions we have compiled these financial statements from the accounting records,

information and explanations supplied to us.

Bell and Company

Chartered Accountants

64 Harpur Street

Bedford

Bedfordshire

MK40 2ST

25 April 2016

FIXED ASSETS

Tangible assets

2

258,609

263,496

CURRENT ASSETS

Stocks

9,000

Debtors

179,224

174,049

Cash at bank and in hand

46,811

17,398

235,035

200,447

CREDITORS

Amounts falling due within one year

384,731

345,247

NET CURRENT LIABILITIES

(149,696

)

(144,800

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,913

118,696

PROVISIONS FOR LIABILITIES

5,825

5,000

NET ASSETS

103,088

113,696

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

102,988

113,596

SHAREHOLDERS' FUNDS

103,088

113,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 25 April 2016 and were signed on its behalf by:

P M Wright - Director

M D Wright - 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 January 2015).

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 the cost less estimated residual value of each asset over its estimated useful life.

Motor Vehicles

-

25% on reducing balance

Machinery and Equipment

-

15% on reducing balance

Office Fittings and Equipment

-

20% on reducing balance

No provision has been made in the accounts for depreciation of freehold property as property values have

increased over cost and it is anticipated this will continue in the foreseeable future.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 1 October 2014

524,339

Disposals

(2,000

)

At 30 September 2015

522,339

DEPRECIATION

At 1 October 2014

260,843

Charge for year

3,762

Eliminated on disposal

(875

)

At 30 September 2015

263,730

NET BOOK VALUE

At 30 September 2015

258,609

At 30 September 2014

263,496

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

£1

100