Abbreviated Company Accounts

AGRITOPICS LTD Registered Number 07129035

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	-	-
Investments	3	100	-
		100	-
Current assets
Debtors		2,725	1,316
Cash at bank and in hand		4,869	16,275
		7,594	17,591
Creditors: amounts falling due within one year		(1,819)	(1,834)
Net current assets (liabilities)		5,775	15,757
Total assets less current liabilities		5,875	15,757
Total net assets (liabilities)		5,875	15,757
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		5,775	15,657
Shareholders' funds		5,875	15,757

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 October 2015

And signed on their behalf by:
P J Mitton, Director

AGRITOPICS LTD Registered Number 07129035

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents the amount of goods and services provided during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Computer equipment - 33% Straight Line

Other accounting policies
Fixed assets

All fixed assets are initially recorded at cost.

Deferred taxation

Provision is made, under the liability method, to take into account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

2Tangible fixed assets

	£
Cost
At 1 February 2014	562
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	562
Depreciation
At 1 February 2014	562
Charge for the year	-
On disposals	-
At 31 January 2015	562
Net book values
At 31 January 2015	0
At 31 January 2014	0

3Fixed assets Investments
The company owns 100% of the issued share capital of Africa Croptropics Limited. The results for the year ended 30 April 2014 are as follows:

Aggregate capital and reserves - £25,248
Profit and (loss) for the year - £37,748

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

The amounts of paid up share capital for the following categories of shares differed from the called up share capital stated above due to unpaid calls and were £100 in 2015 (2014: nil).