REGISTERED NUMBER: 05515908 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2017

for

Agrisol Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K J Ormisher

SECRETARY:

Mr K J Ormisher

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

05515908 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

595,250

428,651

CURRENT ASSETS

Stocks

142,500

139,220

Debtors

5

44,788

43,026

Cash at bank

1

1

187,289

182,247

CREDITORS

Amounts falling due within one year

6

219,918

186,865

NET CURRENT LIABILITIES

(32,629

)

(4,618

)

TOTAL ASSETS LESS CURRENT LIABILITIES

562,621

424,033

CREDITORS

Amounts falling due after more than one year

7

(348,705

)

(226,271

)

PROVISIONS FOR LIABILITIES

(11,240

)

-

NET ASSETS

202,676

197,762

CAPITAL AND RESERVES

Called up share capital

250

250

Share premium

129,950

129,950

Retained earnings

72,476

67,562

SHAREHOLDERS' FUNDS

202,676

197,762

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 27th April 2018 and were signed by:

Mr K J Ormisher - Director

1.	STATUTORY INFORMATION

Agrisol Services 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.

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 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st August 2016

870,418

18,500

888,918

Additions

315,945

7,855

323,800

Disposals

(248,000

)

-

(248,000

)

At 31st July 2017

938,363

26,355

964,718

DEPRECIATION

At 1st August 2016

446,157

14,110

460,267

Charge for year

68,082

3,061

71,143

Eliminated on disposal

(161,942

)

-

(161,942

)

At 31st July 2017

352,297

17,171

369,468

NET BOOK VALUE

At 31st July 2017

586,066

9,184

595,250

At 31st July 2016

424,261

4,390

428,651

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

Plant and

machinery

£

COST

At 1st August 2016

354,650

Additions

278,600

Transfer to ownership

(45,900

)

At 31st July 2017

587,350

DEPRECIATION

At 1st August 2016

124,210

Charge for year

44,461

Transfer to ownership

(25,534

)

At 31st July 2017

143,137

NET BOOK VALUE

At 31st July 2017

444,213

At 31st July 2016

230,440

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

41,315

33,591

Other debtors

3,473

9,435

44,788

43,026

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

13,503

7,957

Hire purchase contracts

134,036

37,356

Trade creditors

41,455

49,851

Taxation and social security

406

580

Other creditors

30,518

91,121

219,918

186,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

508

Hire purchase contracts

200,705

177,763

Other creditors

148,000

48,000

348,705

226,271

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank overdrafts

13,503

7,957

Bank loans

-

508

Hire purchase contracts

334,741

215,119

348,244

223,584

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr K J Ormisher.