Company Registration No. 03440114 (England and Wales)
Agricultural Trading Systems Ltd.
Unaudited accounts
for the year ended 31 March 2022
Agricultural Trading Systems Ltd.
Unaudited accounts
Contents
Agricultural Trading Systems Ltd.
Company Information
for the year ended 31 March 2022
Company Number
03440114 (England and Wales)
Registered Office
61 London Street
Swaffham
Norfolk
PE37 7DN
Accountants
Grow Your Business East Anglia Ltd
30 Market Place
Swaffham
Norfolk
PE37 7QH
Agricultural Trading Systems Ltd.
Statement of financial position
as at
31 March 2022
Cash at bank and in hand
109,200
137,171
Creditors: amounts falling due within one year
(74,381)
(105,015)
Net current assets
61,878
94,668
Total assets less current liabilities
62,296
95,190
Creditors: amounts falling due after more than one year
-
(30,000)
Called up share capital
100
100
Profit and loss account
62,196
65,090
Shareholders' funds
62,296
65,190
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 13 October 2022 and were signed on its behalf by
Mike Gathercole
Director
Company Registration No. 03440114
Agricultural Trading Systems Ltd.
Notes to the Accounts
for the year ended 31 March 2022
Agricultural Trading Systems Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03440114. The registered office is 61 London Street, Swaffham, Norfolk, PE37 7DN.
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
Cost or valuation
At cost
Amounts falling due within one year
Trade debtors
1,200
2,000
Other debtors
25,859
60,512
Agricultural Trading Systems Ltd.
Notes to the Accounts
for the year ended 31 March 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
2,069
13,250
Trade creditors
700
6,681
Taxes and social security
14,742
19,293
Proposed dividends
15,000
-
Other creditors
38,773
37,972
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).