REGISTERED NUMBER: 01439743 (England and Wales)

Financial Statements

for the Year Ended 31 January 2018

for

AGRICULTURAL HARVEST STORE

INSTALLATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Wilson

Mrs J Wilson

SECRETARY:

Mrs J Wilson

REGISTERED OFFICE:

Unit E

North Yard

The Brents

Faversham

Kent

ME13 7DZ

REGISTERED NUMBER:

01439743 (England and Wales)

ACCOUNTANTS:

Kemp Carr Brown & Co.

Chartered Certified Accountants

Appletree Office

Frith Road

Aldington

Ashford

Kent

TN25 7HJ

FIXED ASSETS

Tangible assets

4

440,321

361,071

CURRENT ASSETS

Stocks

5

403,150

379,317

Debtors

6

500,747

343,051

Cash at bank and in hand

1,167,345

1,497,299

2,071,242

2,219,667

CREDITORS

Amounts falling due within one year

7

181,397

275,558

NET CURRENT ASSETS

1,889,845

1,944,109

TOTAL ASSETS LESS CURRENT LIABILITIES

2,330,166

2,305,180

PROVISIONS FOR LIABILITIES

20,874

13,724

NET ASSETS

2,309,292

2,291,456

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

2,308,792

2,290,956

SHAREHOLDERS' FUNDS

2,309,292

2,291,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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.

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 4 April 2018 and were signed on its behalf by:

M W Wilson - Director

1.	STATUTORY INFORMATION

Agricultural Harvest Store Installations 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.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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.

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

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 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2017

324,921

37,320

14,245

Additions

-

56,376

-

At 31 January 2018

324,921

93,696

14,245

DEPRECIATION

At 1 February 2017

32,471

31,536

13,599

Charge for year

6,498

3,040

161

Eliminated on disposal

-

-

-

At 31 January 2018

38,969

34,576

13,760

NET BOOK VALUE

At 31 January 2018

285,952

59,120

485

At 31 January 2017

292,450

5,784

646

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2017

170,484

36,211

583,181

Additions

103,813

-

160,189

Disposals

(79,156

)

-

(79,156

)

At 31 January 2018

195,141

36,211

664,214

DEPRECIATION

At 1 February 2017

110,488

34,016

222,110

Charge for year

31,040

548

41,287

Eliminated on disposal

(39,504

)

-

(39,504

)

At 31 January 2018

102,024

34,564

223,893

NET BOOK VALUE

At 31 January 2018

93,117

1,647

440,321

At 31 January 2017

59,996

2,195

361,071

5.

STOCKS

31.1.18

31.1.17

£

£

Stocks

403,150

379,317

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Trade debtors

137,698

269,326

VAT

34,733

20,077

Directors' loan accounts

301,533

36,737

Tax

9,473

-

Prepayments

17,310

16,911

500,747

343,051

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.18

31.1.17

£

£

Bank loans and overdrafts

-

4,963

Trade creditors

171,097

189,644

Tax

-

72,017

Social security and other taxes

7,800

6,434

Accrued expenses

2,500

2,500

181,397

275,558

8.	PARENT COMPANY

The company's share capital was acquired on 21 March 2005 by Harvest Installations limited at

a cost of £1480939.

Harvest Installations Limited is the holding company of Agricultural Harvest Store Installations

Limited having acquired the whole share capital.