Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Agratech NW Ltd
Contents
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Agratech NW Ltd
(Registration number: 07227291)
Abbreviated Balance Sheet at 31 October 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr Christopher John Littler
Director
1
Agratech NW Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
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
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Office equipment |
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Fixtures and fittings |
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Stock
Hire purchase and leasing
Agratech NW Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued
Included in other creditors is the director loan account of £38,320 (2015: £14,128). This balance is interest free and repayable upon demand.
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 November 2015 |
20,000 |
21,806 |
41,806 |
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Additions |
- |
290 |
290 |
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At 31 October 2016 |
20,000 |
22,096 |
42,096 |
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Depreciation |
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At 1 November 2015 |
20,000 |
10,239 |
30,239 |
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Charge for the year |
- |
2,660 |
2,660 |
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At 31 October 2016 |
20,000 |
12,899 |
32,899 |
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Net book value |
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At 31 October 2016 |
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At 31 October 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Dividends of £42,000 have been isued this year, this amount was split equaly between the directors.