Company Registration No. 03068280 (England and Wales)
Agriparts (Borders) Limited
Unaudited accounts
for the year ended 31 December 2017
Agriparts (Borders) Limited
Unaudited accounts
Contents
Agriparts (Borders) Limited
Company Information
for the year ended 31 December 2017
Directors
Mr M. Iveson
Mrs L.M. Iveson
Company Number
03068280 (England and Wales)
Registered Office
The Old Post Office
Wark
Cornhill on Tweed
Northumberland
TD12 4RE
Accountants
J.B Norfolk & Co
12 Chatsworth Grove
Boroughbridge
York
North Yorkshire
YO51 9BB
Agriparts (Borders) Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Agriparts (Borders) Limited for the year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Agriparts (Borders) Limited for the year ended
31 December 2017 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
J.B Norfolk & Co
Chartered Accountants
12 Chatsworth Grove
Boroughbridge
York
North Yorkshire
YO51 9BB
7 June 2018
Agriparts (Borders) Limited
Statement of financial position
as at
31 December 2017
Tangible assets
14,905
22,297
Inventories
382,933
384,938
Cash at bank and in hand
20
20
Creditors: amounts falling due within one year
(318,032)
(308,370)
Net current assets
364,383
355,756
Net assets
379,338
378,103
Called up share capital
100
100
Profit and loss account
379,238
378,003
Shareholders' funds
379,338
378,103
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 June 2018.
Mr M. Iveson
Director
Company Registration No. 03068280
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2017
Agriparts (Borders) Limited is a private company, limited by shares, registered in England and Wales, registration number 03068280. The registered office is The Old Post Office, Wark, Cornhill on Tweed, Northumberland, TD12 4RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2017
49,637
12,990
8,437
71,064
At 31 December 2017
49,637
12,990
8,992
71,619
At 1 January 2017
32,783
8,931
7,053
48,767
Charge for the year
4,214
3,248
485
7,947
At 31 December 2017
36,997
12,179
7,538
56,714
At 31 December 2017
12,640
811
1,454
14,905
At 31 December 2016
16,854
4,059
1,384
22,297
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2017
5
Investments
Other investments
Valuation at 1 January 2017
50
Valuation at 31 December 2017
50
Finished goods
382,933
384,938
Trade debtors
295,873
275,299
Accrued income and prepayments
3,589
3,869
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
13,680
44,893
Trade creditors
66,636
80,459
Taxes and social security
27,486
24,336
Other creditors
23,892
12,018
Loans from directors
186,338
146,664
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).