AGRIPOST LIMITED
Company Registration No. 04266367 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
AGRIPOST LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AGRIPOST LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,981,974
1,744,895
Current assets
Stocks
-
92,715
Debtors
400,730
429,080
Cash at bank and in hand
325,952
205,628
726,682
727,423
Creditors: amounts falling due within one year
3
(331,347)
(254,010)
Net current assets
395,335
473,413
Total assets less current liabilities
2,377,309
2,218,308
Creditors: amounts falling due after more than one year
4
(595,367)
(733,716)
Provisions for liabilities
(308,982)
(258,251)
1,472,960
1,226,341
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
1,472,958
1,226,339
Shareholders' funds
1,472,960
1,226,341
AGRIPOST LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 January 2017
Mr R M Gethin
Director
Company Registration No. 04266367
AGRIPOST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
7%- 10% p a straight line
Plant and machinery
15% p a reducing balance
1.5
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
AGRIPOST LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
2,360,791
Additions
575,866
Disposals
(136,500)
At 31 August 2016
2,800,157
Depreciation
At 1 September 2015
615,896
On disposals
(7,150)
Charge for the year
209,437
At 31 August 2016
818,183
Net book value
At 31 August 2016
1,981,974
At 31 August 2015
1,744,895
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £101,373 (2015 - £93,798).
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
(281,687)
(396,442)
The aggregate amount of creditors for which security has been given amounted to £595,367 (2015 - £733,715).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2