J L Agri Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11838289 (England and Wales)

CESSATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

J L AGRI LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Certified Accountants' Report

6

DIRECTOR:

Mr J D Lee

REGISTERED OFFICE:

21 Market Place

Dereham

Norfolk

NR19 2AX

REGISTERED NUMBER:

11838289 (England and Wales)

ACCOUNTANTS:

Farnell Clarke (Dereham) Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

FIXED ASSETS

Tangible assets

4

-

44,248

CURRENT ASSETS

Debtors

5

-

74

Cash at bank

4

26,545

4

26,619

CREDITORS

Amounts falling due within one year

6

21,219

77,594

NET CURRENT LIABILITIES

(21,215

)

(50,975

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(21,215

)

(6,727

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

(21,216

)

(6,728

)

SHAREHOLDERS' FUNDS

(21,215

)

(6,727

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 22 December 2023 and were signed by:

Mr J D Lee - Director

1.	STATUTORY INFORMATION

J L Agri 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.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2022

59,012

1,568

699

61,279

Disposals

(59,012

)

(1,568

)

(699

)

(61,279

)

At 31 March 2023

-

-

-

-

DEPRECIATION

At 1 April 2022

16,007

680

344

17,031

Charge for year

3,360

209

93

3,662

Eliminated on disposal

(19,367

)

(889

)

(437

)

(20,693

)

At 31 March 2023

-

-

-

-

NET BOOK VALUE

At 31 March 2023

-

-

-

-

At 31 March 2022

43,005

888

355

44,248

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

Plant and

machinery

£

COST

At 1 April 2022

39,200

Disposals

(39,200

)

At 31 March 2023

-

DEPRECIATION

At 1 April 2022

9,800

Charge for year

1,307

Eliminated on disposal

(11,107

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

29,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

-

74

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

-

23,750

Hire purchase contracts

-

27,918

Taxation and social security

2,055

12,872

Other creditors

19,164

13,054

21,219

77,594

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary

£1

1

1

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J D Lee.

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 Statement of Financial Position. 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 J L Agri Ltd for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of J L Agri Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J L Agri Ltd and state those matters that we have agreed to state to the director of J L Agri Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J L Agri Ltd 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 loss of J L Agri Ltd. You consider that J L Agri Ltd 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 J L Agri Ltd. 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.

Farnell Clarke (Dereham) Limited

21 Market Place

Dereham

Norfolk

NR19 2AX

22 December 2023