AGRI-VISUAL_LTD - Accounts

AGRI-VISUAL LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

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2016

2015

Notes

Current assets

Stocks

179,205

Debtors

466,735

34,576

Cash at bank and in hand

162,625

1,508

808,565

36,084

Creditors: amounts falling due within one year

(766,196)

(820)

Total assets less current liabilities

42,369

35,264

Capital and reserves

Called up share capital

5,000

Profit and loss account

37,369

30,264

Shareholders' funds

42,369

35,264

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 December 2016

Mr M J Slater

Director

Company Registration No. 01262053

AGRI-VISUAL LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

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Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% straight line

1.5

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.

Share capital

2016

2015

Allotted, called up and fully paid

5,000 Ordinary shares of £1 each

5,000

Ultimate parent company

The ultimate controlling party is M J Slater, a director of the company.

The ultimate parent company is MASDAR International Limited, a company registered in England and Wales.