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REGISTERED NUMBER: 04712195 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

Agriweld Limited

Agriweld Limited (Registered number: 04712195)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Agriweld Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mr. D G Foster
Mrs. D Foster





REGISTERED OFFICE: The Workshop Main Street
Garton-on-the-Wolds
Driffield
East Yorkshire
YO25 3ET





REGISTERED NUMBER: 04712195 (England and Wales)





ACCOUNTANTS: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Agriweld Limited (Registered number: 04712195)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 234,562 245,208
234,563 245,209

CURRENT ASSETS
Stocks 6 122,533 90,439
Debtors 7 96,396 92,542
Cash at bank and in hand 22,072 22,070
241,001 205,051
CREDITORS
Amounts falling due within one year 8 213,775 177,763
NET CURRENT ASSETS 27,226 27,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,789

272,497

CREDITORS
Amounts falling due after more than
one year

9

(55,250

)

(78,106

)

PROVISIONS FOR LIABILITIES 11 (25,805 ) (30,500 )
NET ASSETS 180,734 163,891

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 180,732 163,889
SHAREHOLDERS' FUNDS 180,734 163,891

Agriweld Limited (Registered number: 04712195)

Balance Sheet - continued
31 March 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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:





Mrs. D Foster - Director


Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Agriweld 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% 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.


Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful
lives. Those held under finance leases are depreciated over their estimated useful lives or the
lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.
The capital element of the future payments is treated as a liability.

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 23 .

Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 20,661
AMORTISATION
At 1 April 2016
and 31 March 2017 20,660
NET BOOK VALUE
At 31 March 2017 1
At 31 March 2016 1

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2016 98,745 260,709 359,454
Additions - 12,388 12,388
At 31 March 2017 98,745 273,097 371,842
DEPRECIATION
At 1 April 2016 - 114,246 114,246
Charge for year - 23,034 23,034
At 31 March 2017 - 137,280 137,280
NET BOOK VALUE
At 31 March 2017 98,745 135,817 234,562
At 31 March 2016 98,745 146,463 245,208

Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as
follows:
Plant and
machinery
£   
COST
At 1 April 2016 150,534
Additions 9,750
Transfer to ownership (38,000 )
At 31 March 2017 122,284
DEPRECIATION
At 1 April 2016 35,837
Charge for year 15,682
Transfer to ownership (21,350 )
At 31 March 2017 30,169
NET BOOK VALUE
At 31 March 2017 92,115
At 31 March 2016 114,697

6. STOCKS
2017 2016
£    £   
Stocks 122,533 90,439

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Trade debtors 93,246 77,213
Corporation tax (242 ) 3,186
Prepayments 3,392 12,143
96,396 92,542

Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2017 2016
£    £   
Bank loans and overdrafts 37,038 23,550
Hire purchase contracts 24,696 24,820
Trade creditors 89,786 70,199
Corporation tax (121 ) -
Social security and other taxes 17,286 14,609
VAT 38,416 36,815
Other creditors - 51
Directors' current accounts 19 1,095
Accrued expenses 6,655 6,624
213,775 177,763

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2017 2016
£    £   
Bank loans 10,749 13,549
Hire purchase contracts 44,501 64,557
55,250 78,106

10. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank overdrafts 33,438 19,950
Bank loans 14,349 17,149
47,787 37,099

11. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 25,805 30,500

Agriweld Limited (Registered number: 04712195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2016 30,500
Provided during year (4,695 )
Balance at 31 March 2017 25,805

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2 Ordinary £1 2 2