REGISTERED NUMBER: 04671688 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Agritec International Ltd

Page

Company Information

1

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

P Gresty

M Gresty

SECRETARY:

M Gresty

REGISTERED OFFICE:

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

BUSINESS ADDRESS:

Sunnyside

St. Michaels-on-Wyre

Preston

Lancashire

PR3 0UA

REGISTERED NUMBER:

04671688 (England and Wales)

ACCOUNTANTS:

Towers & Gornall

Chartered Certified Accountants

Suites 5 & 6, The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Tangible assets

2

88,716

94,351

CURRENT ASSETS

Stocks

46,000

37,450

Debtors

224,737

174,459

Cash at bank

420,297

480,042

691,034

691,951

CREDITORS

Amounts falling due within one year

140,503

131,516

NET CURRENT ASSETS

550,531

560,435

TOTAL ASSETS LESS CURRENT LIABILITIES

639,247

654,786

PROVISIONS FOR LIABILITIES

5,520

6,025

NET ASSETS

633,727

648,761

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

633,627

648,661

SHAREHOLDERS' FUNDS

633,727

648,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 25 September 2016 and were signed on its behalf by:

P Gresty - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Agricultural building

-

4% on cost

Plant and machinery

-

15% on reducing balance

Computer equipment

-

30% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of

exchange ruling at the balance sheet date. Transactions in foreign currencies are

translated into sterling at the rate of exchange ruling at the date of transaction. Exchange

differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

130,694

Additions

2,632

At 31 December 2015

133,326

DEPRECIATION

At 1 January 2015

36,343

Charge for year

8,267

At 31 December 2015

44,610

NET BOOK VALUE

At 31 December 2015

88,716

At 31 December 2014

94,351

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Ordinary

£1

100

100