REGISTERED NUMBER: 04658959 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Agripix Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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

2

-

-

Tangible assets

3

8,163

12,280

8,163

12,280

CURRENT ASSETS

Stocks

42,757

34,205

Debtors

21,586

20,185

Cash at bank and in hand

1,492

339

65,835

54,729

CREDITORS

Amounts falling due within one year

51,386

47,354

NET CURRENT ASSETS

14,449

7,375

TOTAL ASSETS LESS CURRENT LIABILITIES

22,612

19,655

CREDITORS

Amounts falling due after more than one year

21,937

18,740

NET ASSETS

675

915

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

673

913

SHAREHOLDERS' FUNDS

675

915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 16 November 2016 and were signed by:

Mr C S Sainsbury-Plaice - Director

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 net invoiced sales of goods, excluding value added tax.

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.

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.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

20,000

AMORTISATION

At 1 March 2015

and 29 February 2016

20,000

NET BOOK VALUE

At 29 February 2016

-

At 28 February 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

67,049

Additions

411

Disposals

(41,268

)

At 29 February 2016

26,192

DEPRECIATION

At 1 March 2015

54,769

Charge for year

3,080

Eliminated on disposal

(39,820

)

At 29 February 2016

18,029

NET BOOK VALUE

At 29 February 2016

8,163

At 28 February 2015

12,280

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

2

Ordinary

£1

2

2

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,000 (2015 - £8,000) were paid to the director .

Included within other creditors after one year is an amount of £11,937 (2015: £18,740) due to Mr C S

Sainsbury-Plaice, director of the company. The loan does not attract interest and there is no specified repayment

date.