Agripix Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04658959 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

Agripix Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C S Sainsbury-Plaice

REGISTERED OFFICE:

Rosehall Farm

Exhall

Alcester

Warwickshire

B49 6EB

REGISTERED NUMBER:

04658959 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,049

593

1,049

593

CURRENT ASSETS

Stocks

46,272

44,136

Debtors

6

27,964

29,261

Cash at bank

6,503

2,692

80,739

76,089

CREDITORS

Amounts falling due within one year

7

55,181

66,318

NET CURRENT ASSETS

25,558

9,771

TOTAL ASSETS LESS CURRENT LIABILITIES

26,607

10,364

CREDITORS

Amounts falling due after more than one year

8

26,000

10,000

NET ASSETS

607

364

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

605

362

SHAREHOLDERS' FUNDS

607

364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 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 director and authorised for issue on 20 July 2020 and were signed by:

Mr C S Sainsbury-Plaice - Director

1.	STATUTORY INFORMATION

Agripix Ltd 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 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

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

-

15% 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 year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2019

and 29 February 2020

20,000

AMORTISATION

At 1 March 2019

and 29 February 2020

20,000

NET BOOK VALUE

At 29 February 2020

-

At 28 February 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2019

26,493

Additions

924

At 29 February 2020

27,417

DEPRECIATION

At 1 March 2019

25,900

Charge for year

468

At 29 February 2020

26,368

NET BOOK VALUE

At 29 February 2020

1,049

At 28 February 2019

593

6.

DEBTORS

29.2.20

28.2.19

£

£

Amounts falling due within one year:

Trade debtors

13,264

20,956

Other debtors

980

997

14,244

21,953

Amounts falling due after more than one year:

Other debtors

13,720

7,308

Aggregate amounts

27,964

29,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.20

28.2.19

£

£

Bank loans and overdrafts

20,810

23,368

Trade creditors

18,259

21,434

Taxation and social security

16,112

12,888

Other creditors

-

8,628

55,181

66,318

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.20

28.2.19

£

£

Other creditors

26,000

10,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.20

28.2.19

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C S Sainsbury-Plaice.