Company Registration No. 03068280 (England and Wales)
Agriparts (Borders) Limited
Unaudited accounts
for the year ended 31 December 2020
Agriparts (Borders) Limited
Unaudited accounts
Contents
Agriparts (Borders) Limited
Company Information
for the year ended 31 December 2020
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
JB Norfolk & Co
12 Chatsworth Grove
Boroughbridge
York
North Yorkshire
YO51 9BB
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 2020
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 2020 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.
JB Norfolk & Co
Chartered Accountants
12 Chatsworth Grove
Boroughbridge
York
North Yorkshire
YO51 9BB
15 September 2021
Agriparts (Borders) Limited
Statement of financial position
as at
31 December 2020
Tangible assets
11,672
10,583
Inventories
357,812
404,643
Cash at bank and in hand
193,988
91,426
Creditors: amounts falling due within one year
(427,882)
(348,871)
Net current assets
427,308
394,561
Net assets
439,030
405,194
Called up share capital
100
100
Profit and loss account
438,930
405,094
Shareholders' funds
439,030
405,194
For the year ending 31 December 2020 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.
The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2021 and were signed on its behalf by
Mr M. Iveson
Director
Company Registration No. 03068280
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2020
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.
These financial statements for the year ended 31 December 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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 2020
51,378
12,990
10,465
74,833
Additions
-
-
4,980
4,980
At 31 December 2020
51,378
12,990
15,445
79,813
At 1 January 2020
43,175
12,534
8,541
64,250
Charge for the year
2,051
114
1,726
3,891
At 31 December 2020
45,226
12,648
10,267
68,141
At 31 December 2020
6,152
342
5,178
11,672
At 31 December 2019
8,203
456
1,924
10,583
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2020
5
Investments
Other investments
Valuation at 1 January 2020
50
Valuation at 31 December 2020
50
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
301,389
244,812
Accrued income and prepayments
1,079
908
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
169,681
153,252
Taxes and social security
35,935
18,466
Other creditors
18,570
14,028
Loans from directors
203,696
163,125
8
Average number of employees
During the year the average number of employees was 0 (2019: 0).