REGISTERED NUMBER: 03123344 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

AGRIBUSINESS COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Mellor

D R Butler

Mrs S E Mellor

C Burgess

A Fawcett

SECRETARY:

Mrs S E Mellor

REGISTERED OFFICE:

Handless Farm

Asterton

Lydbury North

Shropshire

SY7 8BH

REGISTERED NUMBER:

03123344 (England and Wales)

ACCOUNTANTS:

Baker & Co.

Chartered Certified Accountants.

Arran House

42 Gravel Hill

Ludlow

Shropshire

SY8 1QR

FIXED ASSETS

Tangible assets

4

8,940

6,949

CURRENT ASSETS

Work-in-progress

2,284

3,200

Debtors

5

109,403

157,772

Cash at bank and in hand

70,075

61,375

181,762

222,347

CREDITORS

Amounts falling due within one year

6

135,571

152,648

NET CURRENT ASSETS

46,191

69,699

TOTAL ASSETS LESS CURRENT LIABILITIES

55,131

76,648

PROVISIONS FOR LIABILITIES

1,375

887

NET ASSETS

53,756

75,761

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

53,556

75,561

SHAREHOLDERS' FUNDS

53,756

75,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 15 August 2017 and were signed on its behalf by:

M L Mellor - Director

1.	STATUTORY INFORMATION

Agribusiness Communications 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.

3.06% of the company's turnover relates to exports (2016 1.13%).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

costs in bringing work-in-progress 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.

Foreign currencies

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the

transaction. Exchange differences are taken into account in arriving at the operating profit.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2016

1,000

20,675

51,823

73,498

Additions

-

129

6,008

6,137

At 31 March 2017

1,000

20,804

57,831

79,635

DEPRECIATION

At 1 April 2016

1,000

19,940

45,609

66,549

Charge for year

-

160

3,986

4,146

At 31 March 2017

1,000

20,100

49,595

70,695

NET BOOK VALUE

At 31 March 2017

-

704

8,236

8,940

At 31 March 2016

-

735

6,214

6,949

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

105,486

153,704

Other debtors

3,917

4,068

109,403

157,772

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

3,000

Trade creditors

20,922

42,356

Taxation and social security

78,221

72,502

Other creditors

36,428

34,790

135,571

152,648

7.	RELATED PARTY DISCLOSURES