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Registration number: 04577726

Agri-Livestock Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

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ProEdge Associates Limited
 
Long Meadow
 
New Road
 
Mepal
 
Ely
 
Cambridgeshire
 
CB6 2AP

 

Agri-Livestock Consultants Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Agri-Livestock Consultants Limited
(Registration number: 04577726)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Intangible fixed assets

 

   

270,013

   

270,013

 

Tangible fixed assets

 

   

3

   

3

 
   

   

270,016

   

270,016

 

Current assets

 

             

Stocks

 

   

-

   

267,205

 

Debtors

 

   

324,159

   

61,821

 

Cash at bank and in hand

 

   

9,530

   

14,816

 
   

   

333,689

   

343,842

 

Creditors: Amounts falling due within one year

 

   

(182,079)

   

(222,320)

 

Net current assets

 

   

151,610

   

121,522

 

Net assets

 

   

421,626

   

391,538

 

Capital and reserves

 

             

Called up share capital

 

3

   

7,500

   

7,500

 

Share premium account

 

   

88,658

   

88,658

 

Other reserves

 

   

167,748

   

55,786

 

Profit and loss account

 

   

157,720

   

239,594

 

Shareholders' funds

 

   

421,626

   

391,538

 

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 23 November 2016 and signed on its behalf by:

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Agri-Livestock Consultants Limited
(Registration number: 04577726)
Abbreviated Balance Sheet at 31 March 2016
......... continued

.........................................
 
Mr Robert Leslie Sculthorpe
 
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Agri-Livestock Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Goodwill represents the value of acquisition of the business in 2003 from the former owners.
The Directors asr of the opinion there will be no decrease in value

Asset class

Amortisation method and rate

Goodwill

0%

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% straight line

Fixtures & Fittings

20% straight line

Research and development

Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

 

Agri-Livestock Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

                 

At 1 April 2015

 

270,013

   

11,792

   

281,805

 

At 31 March 2016

 

270,013

   

11,792

   

281,805

 

Depreciation

                 

At 1 April 2015

 

-

   

11,789

   

11,789

 

At 31 March 2016

 

-

   

11,789

   

11,789

 

Net book value

                 

At 31 March 2016

 

270,013

   

3

   

270,016

 

At 31 March 2015

 

270,013

   

3

   

270,016

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

7,500

   

7,500

   

7,500

   

7,500