REGISTERED NUMBER: 03123344 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

AGRIBUSINESS COMMUNICATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M L Mellor

D R Butler

Mrs S E Mellor

C Burgess

A Fawcett

SECRETARY:

Mrs S E Mellor

REGISTERED OFFICE:

Handless Farm

Asterton

Lydbury North

Shropshire

SY7 8BH

REGISTERED NUMBER:

03123344 (England and Wales)

ACCOUNTANTS:

Baker & Co.

Chartered Certified Accountants.

Arran House

42 Gravel Hill

Ludlow

Shropshire

SY8 1QR

FIXED ASSETS

Tangible assets

2

6,949

9,785

CURRENT ASSETS

Work-in-progress

3,200

3,509

Debtors

157,772

178,018

Cash at bank and in hand

61,375

105,874

222,347

287,401

CREDITORS

Amounts falling due within one year

152,648

190,562

NET CURRENT ASSETS

69,699

96,839

TOTAL ASSETS LESS CURRENT LIABILITIES

76,648

106,624

PROVISIONS FOR LIABILITIES

887

1,351

NET ASSETS

75,761

105,273

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

75,561

105,073

SHAREHOLDERS' FUNDS

75,761

105,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 Board of Directors on 29 July 2016 and were signed on its behalf by:

M L Mellor - 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.

1.13% of the company's turnover relates to exports (2015 6.45%).

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

-

20% on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

The charge for deferred taxation takes into account taxation deferred as a result of timing differences

between the treatment of certain items for taxation and accounting purposes. In general, deferred

taxation is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date. However, deferred tax assets are recognised only to the extent that the directors

consider that it is more likely than not that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at

the average tax rates that would apply when the timing differences are expected to reverse, based on

tax rates and laws that have been enacted by the balance sheet date.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the

transaction. Exchange differences are taken into account in arriving at the operating profit.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

73,221

Additions

277

At 31 March 2016

73,498

DEPRECIATION

At 1 April 2015

63,436

Charge for year

3,113

At 31 March 2016

66,549

NET BOOK VALUE

At 31 March 2016

6,949

At 31 March 2015

9,785

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

4.	RELATED PARTY DISCLOSURES