Agri-Build Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06684050 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Agri-Build Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

5

DIRECTOR:

R W Brian

REGISTERED OFFICE:

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

REGISTERED NUMBER:

06684050 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

2

12,212

16,194

CURRENT ASSETS

Debtors

15,495

17,142

Cash at bank

92,632

65,617

108,127

82,759

CREDITORS

Amounts falling due within one year

26,183

37,038

NET CURRENT ASSETS

81,944

45,721

TOTAL ASSETS LESS CURRENT
LIABILITIES

94,156

61,915

PROVISIONS FOR LIABILITIES

2,227

2,969

NET ASSETS

91,929

58,946

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

91,928

58,945

SHAREHOLDERS' FUNDS

91,929

58,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 director on 3 February 2017 and were signed by:

R W Brian - 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.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all

timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only

recognised where it is considered more likely than not that future profits will be available for offset. Deferred tax

is measured on a non-discounted basis at the average tax rates that would apply in the periods in which the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet

date.

Hire purchase and leasing commitments

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

period of the lease.

Debtors

Debtors include the contractual value of work in progress.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

35,537

DEPRECIATION

At 1 September 2015

19,343

Charge for year

3,982

At 31 August 2016

23,325

NET BOOK VALUE

At 31 August 2016

12,212

At 31 August 2015

16,194

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2016 and

31 August 2015:

31.8.16

31.8.15

£

R W Brian

Balance outstanding at start of year

(1,656

)

45,319

Amounts advanced

19,850

-

Amounts repaid

(5,000

)

(46,975

)

Balance outstanding at end of year

13,194

(1,656

)

The amounts in brackets are due to the directors and amounts not in brackets are due to the company. No

interest is payable on the loan outstanding which is repayable on demand.The director repaid the company

£13,194 on 1 February 2017.

The above amounts represent the aggregate movements during the year rather than each

individual transaction.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Agri-Build Services Limited for the year ended 31 August 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Agri-Build Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agri-Build Services Limited and state those matters that we have agreed to state to the director of Agri-Build Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agri-Build Services Limited director for our work or for this report.

It is your duty to ensure that Agri-Build Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agri-Build Services Limited. You consider that Agri-Build Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Agri-Build Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

3 February 2017