FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

AGRI-PLANT SV LIMITED

Page

Company Information

1

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr R J Atkinson

Mrs C Atkinson

SECRETARY:

Mr R J Atkinson

REGISTERED OFFICE:

Enterprise House

56-58 Main Street

High Bentham

Lancaster

Lancashire

LA2 7HY

BUSINESS ADDRESS:

Gate House Barn

Westhouse

Ingleton

Carnforth

Lancashire

LA6 3NR

REGISTERED NUMBER:

06311653 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Enterprise House

56-58 Main Street

High Bentham

Lancaster

North Yorkshire

LA2 7HY

FIXED ASSETS

Tangible assets

4

470,017

557,471

CURRENT ASSETS

Stocks

666,402

775,918

Debtors

215,565

249,706

Cash at bank and in hand

229,962

250,686

1,111,929

1,276,310

CREDITORS

Amounts falling due within one year

758,205

993,234

NET CURRENT ASSETS

353,724

283,076

TOTAL ASSETS LESS CURRENT LIABILITIES

823,741

840,547

CREDITORS

Amounts falling due after more than one year

5

(147,831

)

(159,407

)

PROVISIONS FOR LIABILITIES

(54,963

)

(71,304

)

NET ASSETS

620,947

609,836

CAPITAL AND RESERVES

Called up share capital

7

105

105

Retained earnings

620,842

609,731

SHAREHOLDERS' FUNDS

620,947

609,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Balance Sheet for the year ended 30 June 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2017 and were signed on its behalf by:

Mr R J Atkinson - Director

Mrs C Atkinson - Director

1.	STATUTORY INFORMATION

Agri-Plant SV 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set

out below. These policies have been consistently applied to all years presented unless otherwise

stated.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

5% on cost and not provided

Improvements to property

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2015

695,354

Additions

118,270

Disposals

(212,624

)

At 30 June 2016

601,000

DEPRECIATION

At 1 July 2015

137,883

Charge for year

55,681

Eliminated on disposal

(62,581

)

At 30 June 2016

130,983

NET BOOK VALUE

At 30 June 2016

470,017

At 30 June 2015

557,471

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

Totals

£

COST

At 1 July 2015

383,652

Additions

113,043

Disposals

(194,425

)

Transfer to ownership

(18,450

)

At 30 June 2016

283,820

DEPRECIATION

At 1 July 2015

75,510

Charge for year

41,059

Eliminated on disposal

(56,597

)

Transfer to ownership

(8,820

)

At 30 June 2016

51,152

NET BOOK VALUE

At 30 June 2016

232,668

At 30 June 2015

308,142

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

38,166

46,210

Hire purchase contracts

109,665

113,197

147,831

159,407

6.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdraft

-

22,433

Bank loans

45,974

54,141

45,974

76,574

The bank overdraft has a limit of £250,000 and is secured by a personal guarantee given by Mr R

Atkinson, a director.

The bank loan is secured on Marion Cottage in Ingleton.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary A

£1

100

100

5

Ordinary B

£1

5

5

105

105

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs Atkinson, by virtue of their majority shareholding.