REGISTERED NUMBER: 00444085 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Agricultural Requisites and

Mechanizations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Cooper

P N Hawes

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

17,707

14,334

Investments

5

7,016

5,217

24,723

19,551

CURRENT ASSETS

Stocks

162,780

115,421

Debtors

6

384,506

550,269

Cash at bank and in hand

42,149

67,544

589,435

733,234

CREDITORS

Amounts falling due within one year

7

435,585

524,237

NET CURRENT ASSETS

153,850

208,997

TOTAL ASSETS LESS CURRENT LIABILITIES

178,573

228,548

CREDITORS

Amounts falling due after more than one year

8

5,799

89,000

NET ASSETS

172,774

139,548

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

(171,252

)

(204,478

)

SHAREHOLDERS' FUNDS

172,774

139,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 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 Board of Directors on 30 May 2018 and were signed on its behalf 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 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 21 (2016 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

124,664

Additions

11,225

Disposals

(7,433

)

At 31 December 2017

128,456

DEPRECIATION

At 1 January 2017

110,330

Charge for year

7,194

Eliminated on disposal

(6,775

)

At 31 December 2017

110,749

NET BOOK VALUE

At 31 December 2017

17,707

At 31 December 2016

14,334

5.	FIXED ASSET INVESTMENTS

Interest

Shares in

in other

group

participating

undertakings

interests

Totals

£

£

£

COST

At 1 January 2017

4,000

1,217

5,217

Additions

1,799

-

1,799

At 31 December 2017

5,799

1,217

7,016

NET BOOK VALUE

At 31 December 2017

5,799

1,217

7,016

At 31 December 2016

4,000

1,217

5,217

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

220,457

376,008

Amounts owed by participating interests

20,541

20,541

Other debtors

2,402

2,040

Deferred tax asset

116,665

103,285

Prepayments and accrued income

24,441

48,395

384,506

550,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

252,255

396,178

Taxation and social security

36,967

67,353

Other creditors

146,363

60,706

435,585

524,237

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

5,799

4,000

Other creditors

-

85,000

5,799

89,000

9.	RELATED PARTY DISCLOSURES

All material related party transactions were concluded under normal market conditions.