Agri-Research (Ireland) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: NI031350 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 September 2017

for

Agri-Research (Ireland) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Forbes

R Jennings

SECRETARY:

K Forbes

REGISTERED OFFICE:

Unit 1 Doagh Business Park

11 Kilbride Road

Doagh

Ballyclare

Antrim

BT39 0QA

REGISTERED NUMBER:

NI031350 (Northern Ireland)

ACCOUNTANTS:

ASC Wylie

7 Lisburn Street

Hillsborough

Down

BT26 6AB

FIXED ASSETS

Tangible assets

4

13,154

17,065

CURRENT ASSETS

Stocks

74,327

53,454

Debtors

5

243,230

191,749

Cash at bank and in hand

129,742

123,237

447,299

368,440

CREDITORS

Amounts falling due within one year

6

113,052

77,424

NET CURRENT ASSETS

334,247

291,016

TOTAL ASSETS LESS CURRENT LIABILITIES

347,401

308,081

PROVISIONS FOR LIABILITIES

2,499

3,413

NET ASSETS

344,902

304,668

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

344,896

304,662

344,902

304,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 28 June 2018 and were signed on its behalf by:

R Jennings - Director

1.	STATUTORY INFORMATION

Agri-Research (Ireland) Limited is a private company, limited by shares , registered in Northern

Ireland. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Stocks

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

obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

52,834

Additions

2,074

At 30 September 2017

54,908

DEPRECIATION

At 1 October 2016

35,769

Charge for year

5,985

At 30 September 2017

41,754

NET BOOK VALUE

At 30 September 2017

13,154

At 30 September 2016

17,065

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

232,403

175,586

Other debtors

10,827

16,163

243,230

191,749

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

79,036

39,115

Taxation and social security

19,511

23,064

Other creditors

14,505

15,245

113,052

77,424

7.	RELATED PARTY DISCLOSURES

During the year transactions with related parties on which no interest is charged or paid, were as

follows:

£

As at 1 October 2016

9,455

--------------

As at 30 September 2017

9,455

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