REGISTERED NUMBER: 04658959 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Agripix Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C S Sainsbury-Plaice

REGISTERED OFFICE:

Rosehall Farm

Exhall

Alcester

Warwickshire

B49 6EB

REGISTERED NUMBER:

04658959 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,388

8,163

5,388

8,163

CURRENT ASSETS

Stocks

33,446

42,757

Debtors

6

23,998

21,586

Cash at bank and in hand

1,886

1,492

59,330

65,835

CREDITORS

Amounts falling due within one year

7

53,962

51,386

NET CURRENT ASSETS

5,368

14,449

TOTAL ASSETS LESS CURRENT LIABILITIES

10,756

22,612

CREDITORS

Amounts falling due after more than one year

8

10,000

21,937

NET ASSETS

756

675

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

754

673

SHAREHOLDERS' FUNDS

756

675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 November 2017 and were signed by:

Mr C S Sainsbury-Plaice - Director

1.	STATUTORY INFORMATION

Agripix Ltd 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.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% on cost

Stocks

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

moving items.

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.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

20,000

AMORTISATION

At 1 March 2016

and 28 February 2017

20,000

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

26,192

Additions

166

At 28 February 2017

26,358

DEPRECIATION

At 1 March 2016

18,029

Charge for year

2,998

Eliminated on disposal

(57

)

At 28 February 2017

20,970

NET BOOK VALUE

At 28 February 2017

5,388

At 29 February 2016

8,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Trade debtors

17,226

20,059

Other debtors

6,772

1,527

23,998

21,586

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Bank loans and overdrafts

20,424

23,306

Trade creditors

17,868

14,029

Taxation and social security

15,670

10,956

Other creditors

-

3,095

53,962

51,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

29.2.16

£

£

Other creditors

10,000

21,937

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C S Sainsbury-Plaice.