Agriaid Limited
Registered number: 03323349
Balance Sheet
as at 16 October 2016
Notes 16/10/16 31/3/16
£ £
Fixed assets
Tangible assets 2 - 697
Current assets
Stocks - 150
Debtors 3 - 856
Cash at bank and in hand 7,464 6,074
7,464 7,080
Creditors: amounts falling due within one year 4 (615) (661)
Net current assets 6,849 6,419
Net assets 6,849 7,116
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 5,849 6,116
Shareholder's funds 6,849 7,116
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs S A Martyn-Smith
Director
Approved by the board on 13 February 2017
Agriaid Limited
Notes to the Accounts
for the period from 1 April 2016 to 16 October 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2016 1,239
At 16 October 2016 1,239
Depreciation
At 1 April 2016 542
Charge for the period 697
At 16 October 2016 1,239
Net book value
At 16 October 2016 -
At 31 March 2016 697
3 Debtors 16/10/16 31/3/16
£ £
Other debtors - 856
4 Creditors: amounts falling due within one year 16/10/16 31/3/16
£ £
Trade creditors 508 661
Corporation tax 107 -
615 661
5 Other information
Agriaid Limited is a private company limited by shares and incorporated in England. Its registered office is: Hornbeam Barn, Worcester Road, Clows Top, Kidderminster, Worcestershire
Agriaid Limited 03323349 false 2016-04-01 2016-10-16 2016-10-16 VT Final Accounts February 2017 Mrs S A Martyn-Smith No description of principal activity 03323349 core:WithinOneYear 2016-03-31 03323349 core:ShareCapital 2016-03-31 03323349 core:RetainedEarningsAccumulatedLosses 2016-03-31 03323349 2016-04-01 2016-10-16 03323349 bus:PrivateLimitedCompanyLtd 2016-04-01 2016-10-16 03323349 bus:AuditExemptWithAccountantsReport 2016-04-01 2016-10-16 03323349 bus:Director40 2016-04-01 2016-10-16 03323349 core:PlantMachinery 2016-04-01 2016-10-16 03323349 countries:England 2016-04-01 2016-10-16 03323349 bus:FRS102 2016-04-01 2016-10-16 03323349 bus:FullAccounts 2016-04-01 2016-10-16 03323349 2016-10-16 03323349 core:WithinOneYear 2016-10-16 03323349 core:ShareCapital 2016-10-16 03323349 core:RetainedEarningsAccumulatedLosses 2016-10-16 03323349 core:PlantMachinery 2016-10-16 03323349 2016-03-31 03323349 core:PlantMachinery 2016-03-31 iso4217:GBP