REGISTERED NUMBER: 00444085 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Agricultural Requisites and

Mechanizations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Cooper

SECRETARY:

Miss A E Widdas

REGISTERED OFFICE:

Rydal House

Colton Road

Rugeley

Staffordshire

WS15 3HF

REGISTERED NUMBER:

00444085 (England and Wales)

ACCOUNTANTS:

Curo Chartered Accountants

Curo House

Greenbox

Westonhall Road

Bromsgrove

Worcestershire

B60 4AL

FIXED ASSETS

Tangible assets

4

14,334

19,254

Investments

5

5,217

5,217

19,551

24,471

CURRENT ASSETS

Stocks

115,421

90,994

Debtors

6

550,269

260,992

Cash at bank and in hand

67,544

23,835

733,234

375,821

CREDITORS

Amounts falling due within one year

7

524,237

242,406

NET CURRENT ASSETS

208,997

133,415

TOTAL ASSETS LESS CURRENT LIABILITIES

228,548

157,886

CREDITORS

Amounts falling due after more than one year

8

89,000

85,000

NET ASSETS

139,548

72,886

CAPITAL AND RESERVES

Called up share capital

268,803

268,803

Share premium

33,723

33,723

Capital redemption reserve

41,500

41,500

Retained earnings

(204,478

)

(271,140

)

SHAREHOLDERS' FUNDS

139,548

72,886

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 director acknowledges his 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 June 2017 and were signed by:

D J Cooper - Director

1.	STATUTORY INFORMATION

Agricultural Requisites and Mechanizations Limited is a private company, limited by shares , registered in

England and Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 reducing balance

Computer equipment - 33% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors believe that the company's financial statements should be prepared on a going concern basis on the

grounds that current and future sources of funding or support will be more than adequate for the company's

needs, for a minimum of twelve months from the date of approval of the financial statements.

Fixed asset investments

Investments in subsidiary and associated undertakings are included at historic cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

134,283

Additions

1,362

Disposals

(10,981

)

At 31 December 2016

124,664

DEPRECIATION

At 1 January 2016

115,029

Charge for year

5,449

Eliminated on disposal

(10,148

)

At 31 December 2016

110,330

NET BOOK VALUE

At 31 December 2016

14,334

At 31 December 2015

19,254

5.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

undertakings

interests

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

4,000

1,217

5,217

NET BOOK VALUE

At 31 December 2016

4,000

1,217

5,217

At 31 December 2015

4,000

1,217

5,217

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

376,008

102,661

Amounts owed by participating interests

20,541

20,541

Other debtors

2,040

7,263

Directors' loan accounts

-

40,152

Deferred tax asset

103,285

54,800

Prepayments and accrued income

48,395

35,575

550,269

260,992

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

396,178

175,123

Amounts owed to group undertakings

-

4,000

Taxation and social security

67,353

26,552

Other creditors

60,706

36,731

524,237

242,406

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Amounts owed to group undertakings

4,000

-

Other creditors

85,000

85,000

89,000

85,000

9.	RELATED PARTY DISCLOSURES

ARM Iberica Medioambiental S.L.

ARM Iberica Medioambiental S.L. is a company in which Agricultural Requisites and Mechinizations Limited

hold 50% of it equity.

The amount due from ARM Iberica Medioambiental S.L. at the end of the year was £20,541 (2015: £20,541).

Sterlage Limited

Sterlage Limited is a company in which Agricultural Requisites and Mechinizations Limited hold 100% of it

equity.

The amount due to Sterlage Limited at the end of the year was £4,000 (2015: £4,000).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D J Cooper.

11.	TRANSITION TO FRS 102

The company has adopted FRS 102 for the year ended 31 December 2016 with a date of transition of 1 January

2016. Changes to opening equity for the comparative period are shown in the following tables; there are no

changes to profit for the comparative period.