ADVANCED_GLOBAL_PRODUCTIO - Accounts
ADVANCED_GLOBAL_PRODUCTIO - Accounts
Company Registration No. 04952494 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(534,729 )
(416,373 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
-
(200,000 )
971,285
883,166
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 7 October 2016
Director
Company Registration No. 04952494
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
Computer equipment
Fixtures, fittings & equipment
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Revenue recognition
Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for the sale of goods.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.8
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 & at 29 February 2016
19,216
Depreciation
At 1 March 2015
14,938
Charge for the year
845
At 29 February 2016
15,783
Net book value
At 29 February 2016
3,433
At 28 February 2015
4,278
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid