Agrico Workforce Ltd - Filleted accounts

Agrico Workforce Ltd
Registered number:		05537624
Balance Sheet
as at 31 August 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	3		9,901			6,451
			9,901			6,451

Current assets
Debtors	4	69,656			57,363
Cash at bank and in hand		39,709			24,065
		109,365			81,428

Creditors: amounts falling due within one year	5	(72,855)			(45,097)

Net current assets			36,510			36,331

Total assets less current liabilities			46,411			42,782

Net assets			46,411			42,782

Capital and reserves
Called up share capital			100			100
Profit and loss account			46,311			42,682

Shareholders' funds			46,411			42,782

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Asen Gyuneliev
Director
Approved by the board on 31 May 2017

Agrico Workforce Ltd
Notes to the Accounts
for the year ended 31 August 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment	25% Reducing Balance
	Motor Vehicles	25% Reducing Balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees			2016		2015
Number					Number

	Average number of persons employed by the company			70		70


3	Tangible fixed assets
		Office Equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2015	1,477		13,000		14,477
	Additions	-		6,750		6,750
	At 31 August 2016	1,477		19,750		21,227

	Depreciation
	At 1 September 2015	1,063		6,963		8,026
	Charge for the year	103		3,197		3,300
	At 31 August 2016	1,166		10,160		11,326

	Net book value
	At 31 August 2016	311		9,590		9,901
	At 31 August 2015	414		6,037		6,451

4	Debtors			2016		2015
£					£

	Trade debtors			49,656		57,363
	Other debtors			20,000		-
				69,656		57,363

5	Creditors: amounts falling due within one year			2016		2015
£					£

	Trade creditors			-		3,319
	Corporation tax			11,383		9,039
	Other taxes and social security costs			36,276		32,360
	Other creditors			25,196		379
				72,855		45,097

6	Other information

	Agrico Workforce Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	84 Luton Road
	Chatham
	Kent
	ME4 5AB