AGRICOLA_GROWERS_LIMITED - Accounts

AGRICOLA GROWERS LIMITED - Company Information

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Company Registration No. 09153238 (England and Wales)

AGRICOLA GROWERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

AGRICOLA GROWERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

AGRICOLA GROWERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

14,822

15,908

Tangible assets

831,995

781,427

Investments

690

847,507

798,025

Current assets

Stocks

760,918

527,614

Debtors

107,959

83,880

Cash at bank and in hand

362

868,877

611,856

Creditors: amounts falling due within one year

(895,119)

(525,813)

Net current liabilities/(assets)

(26,242)

86,043

Total assets less current liabilities

821,265

884,068

Creditors: amounts falling due after more than one year

(743,434)

(784,157)

Provisions for liabilities

(123,200)

(126,000)

(45,369)

(26,089)

Capital and reserves

Called up share capital

Profit and loss account

(45,370)

(26,090)

Shareholders' funds

(45,369)

(26,089)

AGRICOLA GROWERS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2017

Mr JP Oatey

Director

Company Registration No. 09153238

AGRICOLA GROWERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

They have also been prepared on a going concern basis which assumes the continued and additional support of the bank and parent company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents revenue recognised in the financial statements. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

1.4

Other intangible assets

Other intangible assets are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% straight line

Fixtures, fittings & equipment

10% - 33% straight line

Motor vehicles

25% straight line

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

AGRICOLA GROWERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost

At 1 October 2015

16,994

908,540

690

926,224

Additions

187,614

Disposals

(20)

At 30 September 2016

16,994

1,096,134

690

1,113,818

Depreciation

At 1 October 2015

1,086

127,113

128,199

On disposals

(20)

Charge for the year

1,086

137,046

138,132

At 30 September 2016

2,172

264,139

266,311

Net book value

At 30 September 2016

14,822

831,995

690

847,507

At 30 September 2015

15,908

781,427

690

798,025

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £327,437 (2015 - £298,615).

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

133,050

176,280

The aggregate amount of creditors for which security has been given amounted to £468,434 (2015 - £509,157).