REGISTERED NUMBER: 03945408 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

AGROCHEMEX LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A W Gamblin

SECRETARY:

Mrs L A Gamblin

REGISTERED OFFICE:

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

REGISTERED NUMBER:

03945408 (England and Wales)

ACCOUNTANTS:

Lucentum Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

795,021

885,722

795,021

885,722

CURRENT ASSETS

Stocks

12,000

12,000

Debtors

189,356

79,604

Cash at bank

683,600

699,866

884,956

791,470

CREDITORS

Amounts falling due within one year

4

354,327

430,089

NET CURRENT ASSETS

530,629

361,381

TOTAL ASSETS LESS CURRENT LIABILITIES

1,325,650

1,247,103

CREDITORS

Amounts falling due after more than one year

4

(552,931

)

(569,151

)

PROVISIONS FOR LIABILITIES

(39,503

)

(54,082

)

NET ASSETS

733,216

623,870

CAPITAL AND RESERVES

Called up share capital

5

1,003

1,003

Profit and loss account

732,213

622,867

SHAREHOLDERS' FUNDS

733,216

623,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 June 2017 and were signed by:

A W Gamblin - 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 the net sales of technical testing & analysis work.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was fully

amortised in the year of purchase.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Fixtures & equipment

-

33% on cost and 25% 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.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they

relate.

Freehold property

The freehold property is depreciated to its estimated residual value over its useful economic life.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

201,704

AMORTISATION

At 1 October 2015

and 30 September 2016

201,704

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

1,378,988

Additions

27,995

At 30 September 2016

1,406,983

DEPRECIATION

At 1 October 2015

493,266

Charge for year

118,696

At 30 September 2016

611,962

NET BOOK VALUE

At 30 September 2016

795,021

At 30 September 2015

885,722

4.

CREDITORS

Creditors include an amount of £ 68,231 (30.9.15 - £ 84,451 ) for which security has been given.

They also include the following debts falling due in more than five years:

30.9.16

30.9.15

£

£

Repayable otherwise than by instalments

500,700

500,700

Repayable by instalments

-

4,451

500,700

505,151

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

1,003

Ordinary

£1

1,003

1,003