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REGISTERED NUMBER: 02203085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Agriyork 400 Limited

Agriyork 400 Limited (Registered number: 02203085)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Agriyork 400 Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: K A Somerscale
Mrs A Somerscale



SECRETARY: Mrs J Jennings



REGISTERED OFFICE: 5 Lockwood Court
Market Place
Pocklington
YORK
YO42 2QW



REGISTERED NUMBER: 02203085 (England and Wales)



ACCOUNTANTS: Fisher & Company Limited
Kingfisher House
65 Market Place
Market Weighton
York
East Riding of Yorks
YO43 3AN



SOLICITORS: Wood Sherwood & Co
6-10 Railway Street
Pocklington
East Yorkshire
YO42 2QZ

Agriyork 400 Limited (Registered number: 02203085)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 602 -

CURRENT ASSETS
Inventories 50,236 64,024
Debtors 5 170,014 93,730
Investments 6 356 74
Cash at bank 93,391 124,585
313,997 282,413
CREDITORS
Amounts falling due within one year 7 108,587 83,080
NET CURRENT ASSETS 205,410 199,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,012

199,333

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 202,012 195,333
SHAREHOLDERS' FUNDS 206,012 199,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2023 and were signed on its behalf by:





K A Somerscale - Director


Agriyork 400 Limited (Registered number: 02203085)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Agriyork 400 Limited is a private company, limited by shares , registered in England and Wales. The company's 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
No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors, and as such, the company continues to adopt the going concern basis of accounting in the preparation of these financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on the directors historical experience and knowledge as well as other factors which may be considered relevant, as a result the actual results may differ from these estimates.

The estimates and underlying assumptions applied are reviewed by the directors on an ongoing basis.

Revisions to these accounting estimates are recognised in the period to which the the revisions have been , revised where these revisions affect only that period, or in the period of revision and future periods where this revision would affect both current and future periods.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest is recognised using the effective interest rate method.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all property, plant and equipment, at rates calculated to write off the cost less estimated residual value, of each item on a systematic basis over their expected useful lives as follows:

Plant and machinery etc- 25% to 33% on cost

Assets held under hire purchase agreements of finance leases are depreciated in the same way as owned assets.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount fo the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Inventories
Inventories relate to stocks of units and related items held, these are stated at the lower of cost and estimated selling price less costs to sale. Inventories are recognised as an expenses in the period in which the related revenue is recognised.

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Agriyork 400 Limited (Registered number: 02203085)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of section 11 and section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions relating to the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there in an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets:

Basic financial assets, which include trade debtors, cash and bank balances are initially recorded at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market value rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:

Basic financial liabilities, including creditors, loans from related parties that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transaction, where the debt instrument is measured at the present value of the future payments discounts at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors represent obligations to pay for goods and services provided to the company in the ordinary course of business from suppliers. Amounts payable are classifies as current liabilities if payment is due within one year, if not they are presented as amounts due for payment in excess of one year. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Cash and cash equivalents:

Cash and cash equivalents are basic financial instruments and include cash in hand and deposits held with the bank.


Agriyork 400 Limited (Registered number: 02203085)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Current and deferred taxation
Taxation expenses for the year comprises current and deferred tax recognised in the reporting period. 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 represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of the income and expense in the taxation assessments in periods different from those in which they are recognised in the financial statements.

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.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Agriyork 400 Limited (Registered number: 02203085)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2022 20,516
Additions 903
Disposals (4,510 )
At 31 March 2023 16,909
DEPRECIATION
At 1 April 2022 20,516
Charge for year 301
Eliminated on disposal (4,510 )
At 31 March 2023 16,307
NET BOOK VALUE
At 31 March 2023 602
At 31 March 2022 -

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 169,397 92,108
Other debtors 608 1,343
170,005 93,451

Amounts falling due after more than one year:
Other debtors 9 279

Aggregate amounts 170,014 93,730

6. CURRENT ASSET INVESTMENTS

All listed investments are carried at their fair values. Investments in equities, fixed interest and other securities are all traded in quoted public markets for which market prices are readily available.

Movements in current assets investments are reflected below:


As at 1 April
2022

Additions

Disposals
Valuation
changes
As at 31
March 2023
£    £    £    £    £   
Listed investments 74 - - 282 356

Agriyork 400 Limited (Registered number: 02203085)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 74,892 21,189
Taxation and social security 26,910 30,773
Other creditors 6,785 31,118
108,587 83,080

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,680 5,192
Between one and five years 307 3,680
3,987 8,872

9. ULTIMATE CONTROLLING PARTY

The controlling party is K A Somerscale.