Agrinexus Ltd

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 06846611

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		8,345		12,182

			8,345		12,182
CURRENT ASSETS
Stocks	6	111,172		341,394
Debtors	7	33,654		43,658
Cash at bank and in hand		490,776		300,730

		635,602		685,782
Creditors: Amounts Falling Due Within One Year	8	(239,177 )		(427,109 )

NET CURRENT ASSETS (LIABILITIES)			396,425		258,673

TOTAL ASSETS LESS CURRENT LIABILITIES			404,770		270,855

NET ASSETS			404,770		270,855

CAPITAL AND RESERVES
Called up share capital	9		99		99
Profit and loss account			404,671		270,756

SHAREHOLDERS' FUNDS			404,770		270,855

Page 1

Agrinexus Ltd

Balance Sheet (continued)

As at 31 March 2017

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

On behalf of the board

Mr Darren Beattie

11/08/2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 April 2015	99	278,772	278,871
Profit for the year and total comprehensive income	-	171,984	171,984

Dividends paid	-	(180,000)	(180,000)

As at 31 March 2016 and 1 April 2016	99	270,756	270,855


Profit for the year and total comprehensive income	-	223,915	223,915

Dividends paid	-	(90,000)	(90,000)

As at 31 March 2017	99	404,671	404,770

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25%
Motor Vehicles	25%
Computer Equipment	25%

1.4. Stocks and Work in Progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

1.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	83,967	96,430
Social security costs	7,613	7,776

	91,580	104,206

4. Interest Payable

	2017	2016
	£	£
Other finance charges	-	2

	-	2

Page 4

Agrinexus Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

5. Tangible Assets


	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2016	2,837	13,852	1,812	18,501
Additions	-	-	184	184

As at 31 March 2017	2,837	13,852	1,996	18,685

Depreciation
As at 1 April 2016	1,819	3,303	1,197	6,319
Provided during the period	255	3,282	484	4,021

As at 31 March 2017	2,074	6,585	1,681	10,340

Net Book Value
As at 31 March 2017	763	7,267	315	8,345

As at 1 April 2016	1,018	10,549	615	12,182

6. Stocks

	2017	2016
	£	£
Stock - materials and work in progress	111,172	341,394

	111,172	341,394

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	33,454	43,458
Prepayments and accrued income	200	200

	33,654	43,658

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	147,305	296,293
Corporation tax	71,670	47,531
VAT	354	4,004
Other creditors	19,848	79,281

	239,177	427,109

Page 5

Agrinexus Ltd

Notes to the Unaudited Accounts (continued)

For The Year Ended 31 March 2017

9. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	99	99	99

10. Dividends

	2017	2016
	£	£
On equity shares:
Final dividend paid	90,000	180,000

	90,000	180,000