REGISTERED NUMBER: 06852159 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

AGRILOGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Smith

Mrs C Knox

T Smith

SECRETARY:

J W Smith

REGISTERED OFFICE:

Broadfields Farm House

Chapel Lane

Merstone

Newport

Isle of Wight

PO30 3DA

REGISTERED NUMBER:

06852159 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

CURRENT ASSETS

Debtors

3

8,762

8,361

Cash at bank and in hand

7,534

12,823

16,296

21,184

CREDITORS

Amounts falling due within one year

4

19,324

17,450

NET CURRENT (LIABILITIES)/ASSETS

(3,028

)

3,734

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,028

)

3,734

CREDITORS

Amounts falling due after more than one year

5

288,634

302,348

NET LIABILITIES

(291,662

)

(298,614

)

CAPITAL AND RESERVES

Called up share capital

6

30

30

Retained earnings

(291,692

)

(298,644

)

SHAREHOLDERS' FUNDS

(291,662

)

(298,614

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 23 March 2018 and were signed on its behalf by:

T Smith - Director

1.	STATUTORY INFORMATION

Agrilogs 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.

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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

7,503

7,102

Other debtors

1,259

1,259

8,762

8,361

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

12,005

10,000

Trade creditors

1

1

Tax

1,684

-

VAT

1,296

3,111

Knox Farms

2,008

2,008

Directors' current accounts

830

830

Accrued expenses

1,500

1,500

19,324

17,450

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans - 1-2 years

12,370

12,005

Bank loans - 2-5 years

39,210

38,147

Bank loans more 5 yr by instal

27,999

43,141

Other loans - 1-2 years

209,055

209,055

288,634

302,348

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

27,999

43,141

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

£

30

Ordinary

1.00

30

30

7.	RELATED PARTY DISCLOSURES