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REGISTERED NUMBER: 04431201 (England and Wales)


















Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Agrimec Sales & Services Limited

Agrimec Sales & Services Limited (Registered number: 04431201)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Agrimec Sales & Services Limited

Company Information
for the Year Ended 31 May 2016







DIRECTOR: J Breeds





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 04431201 (England and Wales)





ACCOUNTANTS: The Mudd Partnership
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Agrimec Sales & Services Limited (Registered number: 04431201)

Abbreviated Balance Sheet
31 May 2016

31.5.16 31.5.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,883 21,757

CURRENT ASSETS
Stocks 350,000 340,000
Debtors 4,915 6,376
Cash at bank and in hand 4,058 3,860
358,973 350,236
CREDITORS
Amounts falling due within one year 3 384,725 420,192
NET CURRENT LIABILITIES (25,752 ) (69,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,869

)

(48,199

)

CREDITORS
Amounts falling due after more than one
year

3

11,259

16,085
NET LIABILITIES (26,128 ) (64,284 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account (26,228 ) (64,384 )
SHAREHOLDERS' FUNDS (26,128 ) (64,284 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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.

Agrimec Sales & Services Limited (Registered number: 04431201)

Abbreviated Balance Sheet - continued
31 May 2016


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 director on 27 February 2017 and were signed by:





J Breeds - Director


Agrimec Sales & Services Limited (Registered number: 04431201)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2016

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 the value of sales to customers, net of discounts, allowances, volume and promotional
rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company
has delivered product to the customer, the customer has accepted the products and collectability of the related
receivable is reasonably assured.

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

Fixtures and fittings - 25% straight line
Motor vehicles - 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to to pay more (or less) tax at a future, at the tax average rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2015 33,424
Disposals (11,500 )
At 31 May 2016 21,924
DEPRECIATION
At 1 June 2015 11,667
Charge for year 4,405
Eliminated on disposal (5,031 )
At 31 May 2016 11,041
NET BOOK VALUE
At 31 May 2016 10,883
At 31 May 2015 21,757

3. CREDITORS

Creditors include an amount of £ 15,685 (31.5.15 - £ 20,294 ) for which security has been given.

Agrimec Sales & Services Limited (Registered number: 04431201)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.16 31.5.15
value: £    £   
100 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The bank loans are personally guaranteed by J Breeds in the sum of £115,000. The guarantee also covers a legal
charge over the personal freehold property and life policy of J Breeds.