Agripix Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04658959 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2022

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

11,718

1,708

11,718

1,708

CURRENT ASSETS

Stocks

10,860

22,346

Debtors

6

54,757

26,297

Cash at bank

1,004

7,824

66,621

56,467

CREDITORS

Amounts falling due within one year

7

51,268

26,012

NET CURRENT ASSETS

15,353

30,455

TOTAL ASSETS LESS CURRENT LIABILITIES

27,071

32,163

CREDITORS

Amounts falling due after more than one year

8

26,901

32,000

NET ASSETS

170

163

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

168

161

SHAREHOLDERS' FUNDS

170

163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 25 November 2022 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 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2021

and 28 February 2022

20,000

AMORTISATION

At 1 March 2021

and 28 February 2022

20,000

NET BOOK VALUE

At 28 February 2022

-

At 28 February 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2021

28,481

Additions

12,229

Disposals

(15,504

)

At 28 February 2022

25,206

DEPRECIATION

At 1 March 2021

26,773

Charge for year

2,219

Eliminated on disposal

(15,504

)

At 28 February 2022

13,488

NET BOOK VALUE

At 28 February 2022

11,718

At 28 February 2021

1,708

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

20,528

16,674

Other debtors

34,229

9,623

54,757

26,297

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans and overdrafts

21,259

-

Hire purchase contracts

3,612

-

Trade creditors

13,555

13,049

Taxation and social security

12,842

12,963

51,268

26,012

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans

20,279

30,000

Hire purchase contracts

6,622

-

Other creditors

-

2,000

26,901

32,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

28.2.21

value:

£

£

2

Ordinary

£1

2

2

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr C S Sainsbury-Plaice.