REGISTERED NUMBER: 02722474 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

AGRI SPRAY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M S Monk

Mr A Foster

SECRETARY:

Mr M S Monk

REGISTERED OFFICE:

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St Edmunds

Suffolk

IP31 2QY

REGISTERED NUMBER:

02722474 (England and Wales)

ACCOUNTANTS:

Twinn Accountants Limited

Suite 4, East Barton Barns

East Barton Road

Great Barton

Bury St. Edmunds

Suffolk

IP31 2QY

FIXED ASSETS

Tangible assets

4

8,891

11,724

CURRENT ASSETS

Stock

5

8,653

9,339

Debtors

6

3,866

3,387

Cash at bank

2,834

6,175

15,353

18,901

CREDITORS

Amounts falling due within one year

7

18,914

22,064

NET CURRENT LIABILITIES

(3,561

)

(3,163

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,330

8,561

CREDITORS

Amounts falling due after more than one year

8

(2,522

)

(4,945

)

PROVISIONS FOR LIABILITIES

(1,778

)

(2,345

)

NET ASSETS

1,030

1,271

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

30

271

SHAREHOLDERS' FUNDS

1,030

1,271

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 26 September 2017 and were signed on its behalf by:

Mr A Foster - Director

1.	STATUTORY INFORMATION

Agri Spray 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.

Equipment

-

25% on reducing balance

Fixtures & fittings

-

25% on reducing balance

Motor vehicle

-

25% on reducing balance

Stock

Stock is 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

Equipment

& fittings

vehicle

Totals

£

£

£

£

COST

At 1 January 2016

3,987

5,463

12,164

21,614

Additions

132

-

-

132

At 31 December 2016

4,119

5,463

12,164

21,746

DEPRECIATION

At 1 January 2016

1,393

5,456

3,041

9,890

Charge for year

682

2

2,281

2,965

At 31 December 2016

2,075

5,458

5,322

12,855

NET BOOK VALUE

At 31 December 2016

2,044

5

6,842

8,891

At 31 December 2015

2,594

7

9,123

11,724

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

Motor

vehicle

£

COST

At 1 January 2016

and 31 December 2016

12,164

DEPRECIATION

At 1 January 2016

3,041

Charge for year

2,281

At 31 December 2016

5,322

NET BOOK VALUE

At 31 December 2016

6,842

At 31 December 2015

9,123

5.

STOCK

2016

2015

£

£

Stock

8,653

9,339

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

3,655

3,054

Other debtors

-

127

Prepayments

211

206

3,866

3,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

2,423

2,423

Trade creditors

942

2,114

Corporation tax

2,288

1,928

Social security & other taxes

1,292

832

Directors' current accounts

10,750

13,200

Accrued expenses

1,219

1,567

18,914

22,064

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

2,522

4,945

9.	RELATED PARTY DISCLOSURES

As detailed in the directors' report, the company is controlled by Mr M S Monk and Mr A Foster, as directors

of the company.