|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEM AGRONOMICS LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GEM AGRONOMICS LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
|
|
|
|
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 6 |
|
GEM AGRONOMICS LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
4 Henley Way |
Doddington Road |
Lincoln |
Lincolnshire |
LN6 3QR |
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
STATEMENT OF FINANCIAL POSITION |
30 NOVEMBER 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
( |
) |
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS/(LIABILITIES) |
|
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Retained earnings |
|
( |
) |
SHAREHOLDERS' FUNDS |
|
( |
) |
|
|
|
|
|
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. |
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
STATEMENT OF FINANCIAL POSITION - continued |
30 NOVEMBER 2017 |
|
|
|
|
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 on
|
|
|
|
|
|
|
|
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
1. | STATUTORY INFORMATION |
|
Gem Agronomics Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
The financial statements for the year ended 30th November 2017 are the first financial statements prepared in |
accordance with FRS 102. Adjustments required on transition are set out in the notes to the financial |
statements. |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service |
contracts where turnover is recognised when the company obtains the right to consideration |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Stocks |
Stocks are stated at the lower of cost and fair value less costs to complete and sell, 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 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. |
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2016 - NIL). |
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2016 |
|
Additions |
|
At 30 November 2017 |
|
DEPRECIATION |
At 1 December 2016 |
|
Charge for year |
|
At 30 November 2017 |
|
NET BOOK VALUE |
At 30 November 2017 |
|
At 30 November 2016 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary | £1 | 1 | 1 |
GEM AGRONOMICS LTD (REGISTERED NUMBER: 09869513) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2017 |
|
8. | FIRST YEAR ADOPTION |
|
The company has adopted FRS102 for the first time in period ended 31 November 2017. The reported financial |
position and financial performance for the previous period are not affected by the transition to FRS102. |