Company Registration No. 04317735 (England and Wales)
AGRI-SEEDS (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
AGRI-SEEDS (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AGRI-SEEDS (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
14,722
330
Current assets
Stocks
101,858
18,200
Debtors
54,335
2,656
Cash at bank and in hand
186,007
35,021
342,200
55,877
Creditors: amounts falling due within one year
(107,192)
(31,803)
Net current assets
235,008
24,074
Total assets less current liabilities
249,730
24,404
Creditors: amounts falling due after more than one year
(95,000)
-
Provisions for liabilities
(2,650)
-
152,080
24,404
Capital and reserves
Called up share capital
3
200
200
Share premium account
800
800
Profit and loss account
151,080
23,404
Shareholders' funds
152,080
24,404
AGRI-SEEDS (UK) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 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 2 February 2017
M E Digby
Director
Company Registration No. 04317735
AGRI-SEEDS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
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 January 2015).
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 other than freehold land 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:
Property improvements
10 years straight line basis
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
20% reducing balance or 3 years straight line
Motor vehicles
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
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.
AGRI-SEEDS (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
4,119
Additions
19,645
At 30 September 2016
23,764
Depreciation
At 1 October 2015
3,789
Charge for the year
5,253
At 30 September 2016
9,042
Net book value
At 30 September 2016
14,722
At 30 September 2015
330
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200