REGISTERED NUMBER: SC260709 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Agrada Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Statement of Financial Position

4

Notes to the Financial Statements

5

DIRECTORS:

J Slater

K E Slater

REGISTERED OFFICE:

43 Dublin Street

Edinburgh

Midlothian

EH3 6NL

REGISTERED NUMBER:

SC260709 (Scotland)

ACCOUNTANTS:

Anderson Ballantine

Tower Mains Studios

18d Liberton Brae

Edinburgh

EH16 6AE

The directors present their report with the financial statements of the company for the year ended 31 December 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of business, marketing and design consultancy.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this

report.

J Slater

K E Slater

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

J Slater - Director

28 August 2017

TURNOVER

3,945

12,012

Cost of sales

673

3,287

GROSS PROFIT

3,272

8,725

Administrative expenses

5,049

6,837

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

4

(1,777

)

1,888

Tax on (loss)/profit

(110

)

(153

)

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(1,667

)

2,041

FIXED ASSETS

Tangible assets

5

477

1,025

CURRENT ASSETS

Debtors

6

1,297

962

Cash at bank

7,551

9,115

8,848

10,077

CREDITORS

Amounts falling due within one year

7

4,532

4,532

NET CURRENT ASSETS

4,316

5,545

TOTAL ASSETS LESS CURRENT LIABILITIES

4,793

6,570

PROVISIONS FOR LIABILITIES

95

205

NET ASSETS

4,698

6,365

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,598

6,265

SHAREHOLDERS' FUNDS

4,698

6,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 August 2017 and were signed on its behalf by:

J Slater - Director

1.	STATUTORY INFORMATION

Agrada Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of goods and services, excluding Value Added Tax, adjusted to recognise

whether or not the company has obtained the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.

EMPLOYEES

There were no employees during the year.

4.	OPERATING (LOSS)/PROFIT

The operating loss (2015 - operating profit) is stated after charging:

31.12.16

31.12.15

£

£

Depreciation - owned assets

548

764

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

16,464

DEPRECIATION

At 1 January 2016

15,439

Charge for year

548

At 31 December 2016

15,987

NET BOOK VALUE

At 31 December 2016

477

At 31 December 2015

1,025

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

800

460

Other debtors

497

502

1,297

962

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

4,532

4,532

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is John Slater by virtue of owning 51% of the issued ordinary share capital.