REGISTERED NUMBER: 06878753 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

AGRI PLANT SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M J Sutton

Mrs H Sutton

SECRETARY:

Mrs H Sutton

REGISTERED OFFICE:

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

REGISTERED NUMBER:

06878753 (England and Wales)

ACCOUNTANTS:

Stewart Fletcher and Barrett

Chartered Accountants

Manor Court Chambers

Townsend Drive

Nuneaton

Warwickshire

CV11 6RU

FIXED ASSETS

Tangible assets

2

826,558

712,581

CURRENT ASSETS

Stocks

46,000

37,000

Debtors

109,101

148,206

Cash at bank

7,648

7,590

162,749

192,796

CREDITORS

Amounts falling due within one year

3

168,187

139,411

NET CURRENT (LIABILITIES)/ASSETS

(5,438

)

53,385

TOTAL ASSETS LESS CURRENT LIABILITIES

821,120

765,966

CREDITORS

Amounts falling due after more than one year

3

(748,490

)

(673,087

)

PROVISIONS FOR LIABILITIES

(21,821

)

(20,615

)

NET ASSETS

50,809

72,264

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Share premium

49,095

49,095

Profit and loss account

714

22,169

SHAREHOLDERS' FUNDS

50,809

72,264

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

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

The financial statements were approved by the Board of Directors on 2 December 2016 and were signed on its behalf by:

M J Sutton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Property improvements

-

10% on cost and 5% on cost

Plant and machinery

-

15% on reducing balance, 10% on reducing balance and 5% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance and 15% on reducing balance

Office equipment

-

10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

895,597

Additions

185,034

Disposals

(41,370

)

At 31 March 2016

1,039,261

DEPRECIATION

At 1 April 2015

183,016

Charge for year

48,509

Eliminated on disposal

(18,822

)

At 31 March 2016

212,703

NET BOOK VALUE

At 31 March 2016

826,558

At 31 March 2015

712,581

3.

CREDITORS

Creditors include an amount of £ 355,633 (2015 - £ 303,858 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

12,037

39,979

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary A

£1

1,000

1,000