REGISTERED NUMBER: 02136199 (England and Wales)

Financial Statements for the Year Ended 30 April 2017

for

Agrihaul Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V G Burgess

T M Speight

SECRETARY:

Mrs V G Burgess

REGISTERED OFFICE:

Park Farm

Ornhams

Boroughbridge

North Yorkshire

YO51 9JH

REGISTERED NUMBER:

02136199 (England and Wales)

ACCOUNTANTS:

Eura Audit UK Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

FIXED ASSETS

Tangible assets

4

444,881

321,229

CURRENT ASSETS

Stocks

76,070

68,335

Debtors

5

486,575

466,887

Cash at bank and in hand

81,132

230,527

643,777

765,749

CREDITORS

Amounts falling due within one year

6

363,076

441,828

NET CURRENT ASSETS

280,701

323,921

TOTAL ASSETS LESS CURRENT LIABILITIES

725,582

645,150

CREDITORS

Amounts falling due after more than one year

7

(79,187

)

(46,010

)

PROVISIONS FOR LIABILITIES

(75,224

)

(64,246

)

NET ASSETS

571,171

534,894

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

570,871

534,594

SHAREHOLDERS' FUNDS

571,171

534,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2018 and were signed on its behalf by:

T M Speight - Director

1.	STATUTORY INFORMATION

Agrihaul Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss over the relevant period. The capital element of

the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

679,032

Additions

305,681

Disposals

(73,766

)

At 30 April 2017

910,947

DEPRECIATION

At 1 May 2016

357,803

Charge for year

148,290

Eliminated on disposal

(40,027

)

At 30 April 2017

466,066

NET BOOK VALUE

At 30 April 2017

444,881

At 30 April 2016

321,229

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 May 2016

332,500

Additions

206,142

At 30 April 2017

538,642

DEPRECIATION

At 1 May 2016

136,921

Charge for year

100,430

At 30 April 2017

237,351

NET BOOK VALUE

At 30 April 2017

301,291

At 30 April 2016

195,579

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

252,806

359,742

Other debtors

233,769

107,145

486,575

466,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

4,247

Hire purchase contracts

87,804

51,179

Trade creditors

148,431

150,061

Taxation and social security

24,805

54,500

Other creditors

102,036

181,841

363,076

441,828

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

79,187

46,010

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

-

4,247

Hire purchase contracts

166,991

97,189

166,991

101,436

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T M Speight.