Agri-Plant SV Limited - Accounts to registrar (filleted) - small 18.2

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

FOR

AGRI-PLANT SV LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr R J Atkinson

Mrs C Atkinson

REGISTERED OFFICE:

Suite 1

Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

REGISTERED NUMBER:

06311653 (England and Wales)

ACCOUNTANTS:

Brosnans

Chartered Accountants

Suite 1, Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

FIXED ASSETS

Tangible assets

4

347,749

403,479

CURRENT ASSETS

Stocks

5

115,000

225,000

Debtors

6

365,681

172,912

Cash at bank and in hand

206,373

140,831

687,054

538,743

CREDITORS

Amounts falling due within one year

7

561,932

443,598

NET CURRENT ASSETS

125,122

95,145

TOTAL ASSETS LESS CURRENT LIABILITIES

472,871

498,624

CREDITORS

Amounts falling due after more than one year

8

(11,767

)

(69,774

)

PROVISIONS FOR LIABILITIES

(22,249

)

(26,173

)

NET ASSETS

438,855

402,677

CAPITAL AND RESERVES

Called up share capital

10

105

105

Retained earnings

438,750

402,572

SHAREHOLDERS' FUNDS

438,855

402,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

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 3 March 2020 and were signed on its behalf by:

Mr R J Atkinson - Director

1.	STATUTORY INFORMATION

Agri-Plant SV 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set

out below. These policies have been consistently applied to all years presented unless otherwise

stated.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

TANGIBLE FIXED ASSETS

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

Freehold property

-

not provided

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation

and accumulated impairment losses. Cost includes costs directly attributable to making the asset

capable of operating as intended.

STOCKS

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

obsolete and slow moving items.

HIRE PURCHASE AND LEASING COMMITMENTS

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 5 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 July 2018

105,980

113,191

222,337

Additions

-

-

4,534

At 30 June 2019

105,980

113,191

226,871

DEPRECIATION

At 1 July 2018

-

24,412

94,781

Charge for year

-

5,660

33,022

Eliminated on disposal

-

-

-

At 30 June 2019

-

30,072

127,803

NET BOOK VALUE

At 30 June 2019

105,980

83,119

99,068

At 30 June 2018

105,980

88,779

127,556

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2018

93,164

-

534,672

Additions

29,251

4,997

38,782

Disposals

(45,164

)

-

(45,164

)

At 30 June 2019

77,251

4,997

528,290

DEPRECIATION

At 1 July 2018

12,000

-

131,193

Charge for year

20,291

1,666

60,639

Eliminated on disposal

(11,291

)

-

(11,291

)

At 30 June 2019

21,000

1,666

180,541

NET BOOK VALUE

At 30 June 2019

56,251

3,331

347,749

At 30 June 2018

81,164

-

403,479

5.

STOCKS

2019

2018

£

£

Stocks

115,000

225,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

361,155

149,448

VAT

-

18,724

Prepayments

4,526

4,740

365,681

172,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other loans

42,042

70,024

Hire purchase contracts

13,576

15,390

Trade creditors

405,134

240,997

Credit card

2,557

915

Tax

14,511

5,043

Social security and other taxes

588

1,551

Pension creditor

213

110

VAT

15,809

-

Other creditors

28,000

-

Directors' current accounts

37,885

107,998

Accruals and deferred income

1,617

1,570

561,932

443,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other loans - 1-2 years

-

42,042

Hire purchase contracts

11,767

27,732

11,767

69,774

9.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Other loans

42,042

112,066

Hire purchase contracts

25,343

43,122

67,385

155,188

The bank overdraft has a limit of £250,000 and is secured by a personal guarantee given by Mr R

Atkinson, a director.

The bank loan is secured on Marion Cottage in Ingleton.

Hire purchase creditors are secured on the asset to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary A

£1

100

100

5

Ordinary B

£1

5

5

105

105

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 Agri-Plant SV Limited for the year ended 30 June 2019 which comprise

the Income statement, Balance Sheet, Statement of Changes in Equity 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 Agri-Plant SV 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 Agri-Plant SV Limited and state those matters that we have agreed to state to the Board of Directors of Agri-Plant SV 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 Agri-Plant SV Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agri-Plant SV 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-Plant SV Limited. You consider that Agri-Plant SV 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-Plant SV 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.

Brosnans

Chartered Accountants

Suite 1, Aireside House

Royd Ings Avenue

Keighley

West Yorkshire

BD21 4BZ

3 March 2020