Agritrade Direct Limited 03744100 true 2016-04-01 2017-03-31 2017-03-31 The principal activity of the company is providing a farmers buying consortium. Digita Accounts Production Advanced 6.20.8420.1 Software true Mr R P Whitley Mrs M Whitley 03744100 2016-04-01 2017-03-31 03744100 2017-03-31 03744100 bus:OrdinaryShareClass1 2017-03-31 03744100 2 2017-03-31 03744100 core:RetainedEarningsAccumulatedLosses 2017-03-31 03744100 core:ShareCapital 2017-03-31 03744100 core:CurrentFinancialInstruments 2017-03-31 03744100 core:CurrentFinancialInstruments core:WithinOneYear 2017-03-31 03744100 bus:FRS102 2016-04-01 2017-03-31 03744100 bus:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 03744100 bus:FullAccounts 2016-04-01 2017-03-31 03744100 bus:RegisteredOffice 2016-04-01 2017-03-31 03744100 bus:Director1 2016-04-01 2017-03-31 03744100 bus:Director2 2016-04-01 2017-03-31 03744100 bus:OrdinaryShareClass1 2016-04-01 2017-03-31 03744100 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 03744100 countries:AllCountries 2016-04-01 2017-03-31 03744100 2016-03-31 03744100 bus:OrdinaryShareClass1 2016-03-31 03744100 2 2016-03-31 03744100 core:RetainedEarningsAccumulatedLosses 2016-03-31 03744100 core:ShareCapital 2016-03-31 03744100 core:CurrentFinancialInstruments 2016-03-31 03744100 core:CurrentFinancialInstruments core:WithinOneYear 2016-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03744100

Agritrade Direct Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

J P Walters & Co
Chartered Accountants
67 Duke Street
Darlington
Co Durham
DL3 7SD

 

Agritrade Direct Limited

Profit and Loss Account for the Year Ended 31 March 2017

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Agritrade Direct Limited

(Registration number: 03744100)
Balance Sheet as at 31 March 2017

Note

2017
£

2016
£

Current assets

 

Debtors

3

-

5,160

Creditors: Amounts falling due within one year

4

(2,848)

(8,008)

Net liabilities

 

(2,848)

(2,848)

Capital and reserves

 

Called up share capital

5

100

100

Profit and loss account

(2,948)

(2,948)

Total equity

 

(2,848)

(2,848)

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 20 December 2017 and signed on its behalf by:
 

.........................................

Mr R P Whitley

Director

 

Agritrade Direct Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Manor Farm
East Road
Tetford
Horncastle
Lincolnshire
LN9 6QQ

These financial statements were authorised for issue by the Board on 20 December 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Agritrade Direct Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Note

2017
£

2016
£

Other debtors

 

-

4,000

Tax recoverable

-

1,160

 

-

5,160

4

Creditors

Note

2017
£

2016
£

Due within one year

 

Directors loan account

301

4,124

Corporation tax

2,547

3,884

 

2,848

8,008

5

Share capital

Allotted, called up and fully paid shares

 

2017

2016

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100