REGISTERED NUMBER: 06457377 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

AGROCHEMEX INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wilson

A W Gamblin

SECRETARY:

Mrs L A Gamblin

REGISTERED OFFICE:

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

REGISTERED NUMBER:

06457377 (England and Wales)

ACCOUNTANTS:

Lucentum Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,834

25,960

20,834

25,960

CURRENT ASSETS

Debtors

6

216,601

135,294

Cash at bank

69,018

391,481

285,619

526,775

CREDITORS

Amounts falling due within one year

7

261,671

304,671

NET CURRENT ASSETS

23,948

222,104

TOTAL ASSETS LESS CURRENT LIABILITIES

44,782

248,064

CREDITORS

Amounts falling due after more than one year

8

-

(205,722

)

PROVISIONS FOR LIABILITIES

9

(3,959

)

(5,192

)

NET ASSETS

40,823

37,150

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

40,723

37,050

SHAREHOLDERS' FUNDS

40,823

37,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 17 November 2017 and were signed on its behalf by:

A W Gamblin - Director

1.	STATUTORY INFORMATION

Agrochemex International 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 represents the net sales of technical testing and analysis. Turnover is recognised on an

accruals basis.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance

Fixtures and equipment

-

33% on cost

Financial instruments

The company only enter into basic financial instruments transactions that results in the recognition of

financial assets and liabilities like trade and other accounts receivable and payable, other third party

loans and loans with related parties.

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.

Transition to frs102

This is the first year in which the financial statements have been prepared under FRS102.

Research and development

Expenditure on research and development is written off against profits in the year which it is incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

25,000

AMORTISATION

At 1 May 2016

and 30 April 2017

25,000

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

equipment

Totals

£

£

£

COST

At 1 May 2016

37,067

6,427

43,494

Additions

523

-

523

At 30 April 2017

37,590

6,427

44,017

DEPRECIATION

At 1 May 2016

12,935

4,599

17,534

Charge for year

4,844

805

5,649

At 30 April 2017

17,779

5,404

23,183

NET BOOK VALUE

At 30 April 2017

19,811

1,023

20,834

At 30 April 2016

24,132

1,828

25,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

205,474

115,215

Tax

7,068

7,068

VAT

4,059

13,011

216,601

135,294

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

119,574

161,734

Amounts owed to group undertakings

27,700

-

Tax

4,621

-

Other creditors

655

2,498

Directors' loan accounts

64,416

94,379

Accrued expenses

44,705

46,060

261,671

304,671

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.17

30.4.16

£

£

Loan by remuneration trust

-

205,722

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loan by remuneration trust

-

205,722

9.	PROVISIONS FOR LIABILITIES

30.4.17

30.4.16

£

£

Deferred tax

Accelerated capital allowances

3,959

5,192

Deferred

tax

£

Balance at 1 May 2016

5,192

Provided during year

(1,233

)

Balance at 30 April 2017

3,959

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

12.	FIRST YEAR ADOPTION

There were no changes in the balance sheet and/or the income statement with the adoption of Section

1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in

the UK and the Republic of Ireland'