REGISTERED NUMBER: 01852271 (England and Wales)

Unaudited Financial Statements

for the Period

27 February 2016 to 24 February 2017

for

Agriserve Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

J L van Geest

SECRETARY:

P J Gray

REGISTERED OFFICE:

Fulney Farm Centre

Rangell Gate

Low Fulney

Spalding

Lincolnshire

PE12 6EW

REGISTERED NUMBER:

01852271 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the director 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 Director 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 Agriserve Limited for the period ended 24 February 2017 which comprise the Income Statement,

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 Agriserve Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agriserve Limited and state those matters that we have agreed to state to the director of Agriserve 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 Agriserve Limited director for our work or for this report.

It is your duty to ensure that Agriserve 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 Agriserve Limited. You consider that Agriserve Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Agriserve 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.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

15 November 2017

FIXED ASSETS

Tangible assets

4

1,126,662

1,020,681

CURRENT ASSETS

Stocks

7,726

15,543

Debtors

5

67,345

71,312

Cash at bank

43,527

273,253

118,598

360,108

CREDITORS

Amounts falling due within one year

6

616,950

767,097

NET CURRENT LIABILITIES

(498,352

)

(406,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

628,310

613,692

CAPITAL AND RESERVES

Called up share capital

7

2

2

Revaluation reserve

8

5,500

5,500

Retained earnings

622,808

608,190

SHAREHOLDERS' FUNDS

628,310

613,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 24 February 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 24 February 2017 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 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 director on 15 November 2017 and were signed by:

J L van Geest - Director

1.	STATUTORY INFORMATION

Agriserve 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.

The accounts are prepared on a going concern basis which assumes that the parent company, J. L. Farms

Limited will continue to support the Company. As at 24 February 2017 current liabilities exceeded current assets

by £498,352 (2016: 406,989)

Included in other creditors as at the year end are amounts totalling £583,060 (2016: £491,953) which are owed

to J L Farms Limited.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

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.

Freehold property

-

4% on cost

Plant and machinery

-

15% - 25% on reducing balance

Fixtures and fittings

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 27 February 2016

5,500

2,032,327

1,262

2,039,089

Additions

-

585,115

-

585,115

Disposals

-

(731,348

)

-

(731,348

)

Group transfer

-

(7,550

)

-

(7,550

)

At 24 February 2017

5,500

1,878,544

1,262

1,885,306

DEPRECIATION

At 27 February 2016

5,500

1,011,646

1,262

1,018,408

Charge for period

-

160,559

-

160,559

Eliminated on disposal

-

(419,102

)

-

(419,102

)

Group transfer

-

(1,221

)

-

(1,221

)

At 24 February 2017

5,500

751,882

1,262

758,644

NET BOOK VALUE

At 24 February 2017

-

1,126,662

-

1,126,662

At 26 February 2016

-

1,020,681

-

1,020,681

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

25,806

8,917

Other debtors

41,539

62,395

67,345

71,312

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

26,186

267,867

Taxation and social security

2,850

2,522

Other creditors

587,914

496,708

616,950

767,097

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Revaluation

reserve

£

At 27 February 2016

and 24 February 2017

5,500