REGISTERED NUMBER: 04712195 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Agriweld Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr. D G Foster

Mrs. D Foster

REGISTERED OFFICE:

The Workshop

Garton-on-the-Wolds

Driffield

East Yorkshire

YO25 3ET

REGISTERED NUMBER:

04712195 (England and Wales)

ACCOUNTANTS:

Ullyott Limited

6 George Street

Driffield

East Yorkshire

YO25 6RA

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

245,208

190,594

245,209

190,595

CURRENT ASSETS

Stocks

90,439

49,126

Debtors

92,542

74,730

Cash at bank and in hand

22,070

26,822

205,051

150,678

CREDITORS

Amounts falling due within one year

4

177,763

153,548

NET CURRENT ASSETS/(LIABILITIES)

27,288

(2,870

)

TOTAL ASSETS LESS CURRENT LIABILITIES

272,497

187,725

CREDITORS

Amounts falling due after more than one year

4

(78,106

)

(41,706

)

PROVISIONS FOR LIABILITIES

(30,500

)

(18,370

)

NET ASSETS

163,891

127,649

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

163,889

127,647

SHAREHOLDERS' FUNDS

163,891

127,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 9 December 2016 and were signed on its behalf by:

Mrs. D Foster - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Stocks

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

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful

lives. Those held under finance leases are depreciated over their estimated useful lives or the

lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

20,661

AMORTISATION

At 1 April 2015

and 31 March 2016

20,660

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

287,384

Additions

72,070

At 31 March 2016

359,454

DEPRECIATION

At 1 April 2015

96,790

Charge for year

17,456

At 31 March 2016

114,246

NET BOOK VALUE

At 31 March 2016

245,208

At 31 March 2015

190,594

4.

CREDITORS

Creditors include an amount of £ 37,099 (2015 - £ 19,935 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2