REGISTERED NUMBER: 03608932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Agrid Fencing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

D M T Pritchard

M C Pritchard

SECRETARY:

M C Pritchard

REGISTERED OFFICE:

Barnston House

Beacon Lane

Heswall

Wirral

CH60 0EE

REGISTERED NUMBER:

03608932 (England and Wales)

ACCOUNTANTS:

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

FIXED ASSETS

Tangible assets

4

137,319

156,861

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

5

390,879

284,097

Cash at bank and in hand

396,533

217,348

802,412

516,445

CREDITORS

Amounts falling due within one year

6

321,627

352,261

NET CURRENT ASSETS

480,785

164,184

TOTAL ASSETS LESS CURRENT LIABILITIES

618,104

321,045

CREDITORS

Amounts falling due after more than one year

7

-

(46,302

)

PROVISIONS FOR LIABILITIES

(15,685

)

(21,354

)

NET ASSETS

602,419

253,389

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

601,419

252,389

SHAREHOLDERS' FUNDS

602,419

253,389

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 9 February 2018 and were signed on its behalf by:

M C Pritchard - Director

1.	STATUTORY INFORMATION

Agrid Fencing 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 represents net invoiced sales of goods and services, excluding value added tax. Provision for invoices

attributable to future accounting periods are included in deferred income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost, 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

437,193

Additions

17,607

At 31 July 2017

454,800

DEPRECIATION

At 1 August 2016

280,332

Charge for year

37,149

At 31 July 2017

317,481

NET BOOK VALUE

At 31 July 2017

137,319

At 31 July 2016

156,861

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2016

101,503

Transfer to ownership

(45,093

)

At 31 July 2017

56,410

DEPRECIATION

At 1 August 2016

17,885

Charge for year

14,103

At 31 July 2017

31,988

NET BOOK VALUE

At 31 July 2017

24,422

At 31 July 2016

83,618

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

286,654

242,935

Amounts owed by group undertakings

40,000

40,000

Other debtors

64,225

1,162

390,879

284,097

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

15,274

33,123

Trade creditors

69,613

235,309

Taxation and social security

186,698

58,447

Other creditors

50,042

25,382

321,627

352,261

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

-

46,302

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.17

31.7.16

£

£

Hire purchase contracts

15,274

79,425

Hire purchase liabilities are secured on the assets concerned.

The bank overdraft facility is secured by way of a personal guarantee from the directors of £60,000.

The company has a debenture, dated 27/10/2000, due to Lloyds TSB Bank Plc. This represents fixed and

floating charges over the undertaking and all property and assets present and future including goodwill

bookdebts uncalled capital buildings fixtures fixed plant and machinery.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2017 and 31 July 2016:

31.7.17

31.7.16

£

£

D M T Pritchard and M C Pritchard

Balance outstanding at start of year

1,162

19,143

Amounts advanced

214,532

134,422

Amounts repaid

(151,469

)

(152,403

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

64,225

1,162

During the year, interest free, unsecured advances were made to the directors, and were repayable on demand.

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

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Agrid Fencing Limited for the year ended 31 July 2017 which comprise the Profit and Loss

Account, 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 Board of Directors of Agrid Fencing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agrid Fencing Limited and state those matters that we have agreed to state to the Board of Directors of Agrid Fencing Limited, as a body, 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 Agrid Fencing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agrid Fencing 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 Agrid Fencing Limited. You consider that Agrid Fencing 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 Agrid Fencing 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.

Dufton Kellner Limited

Chartered Accountants

Barnston House

Beacon Lane

Heswall

Wirral

Merseyside

CH60 0EE

Date: .............................................