Registered number
06256545
Agrosun Limited
Abbreviated Accounts
31 May 2013
Agrosun Limited
Registered number: 06256545
Abbreviated Balance Sheet
as at 31 May 2013
Notes 2013 2012
$ $
Current assets
Debtors 11,299 11,299
Cash at bank and in hand 52,564 59,469
63,863 70,768
Creditors: amounts falling due within one year - (2,500)
Net current assets 63,863 68,268
Total assets less current liabilities 63,863 68,268
Creditors: amounts falling due after more than one year (85,498) (85,498)
Net liabilities (21,635) (17,230)
Capital and reserves
Called up share capital 2 1,973 1,973
Profit and loss account (23,608) (19,203)
Shareholder's funds (21,635) (17,230)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J Purdon
Director
Approved by the board on 20 February 2014
Agrosun Limited
Notes to the Abbreviated Accounts
for the year ended 31 May 2013
1 Accounting policies
Basis of preparation
The accounts 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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred taxation
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.
2 Share capital Nominal 2013 2013 2012
value Number $ $
Allotted, called up and fully paid:
Ordinary shares £1 each 1,000 1,973 1,973
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