Company Registration No. 03440114 (England and Wales)
Agricultural Trading Systems Ltd.
Unaudited accounts
for the year ended 31 March 2023
Agricultural Trading Systems Ltd.
Unaudited accounts
Contents
Agricultural Trading Systems Ltd.
Company Information
for the year ended 31 March 2023
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.
Accountants' report
Accountants' report to the director of Agricultural Trading Systems Ltd. on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Agricultural Trading Systems Ltd. for the year ended
31 March 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Agricultural Trading Systems Ltd., as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Agricultural Trading Systems Ltd. and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agricultural Trading Systems Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Agricultural Trading Systems Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Agricultural Trading Systems Ltd.. You consider that Agricultural Trading Systems Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Agricultural Trading Systems Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Grow Your Business East Anglia Ltd
30 Market Place
Swaffham
Norfolk
PE37 7QH
14 November 2023
Agricultural Trading Systems Ltd.
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
142,674
109,200
Creditors: amounts falling due within one year
(73,864)
(74,381)
Net current assets
79,650
61,878
Called up share capital
100
100
Profit and loss account
79,864
62,196
Shareholders' funds
79,964
62,296
For the year ending 31 March 2023 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 November 2023 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 2023
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
Amounts falling due within one year
Other debtors
10,000
25,859
Agricultural Trading Systems Ltd.
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
2,069
Taxes and social security
8,180
14,742
Proposed dividends
-
15,000
Other creditors
64,984
38,773
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).