IRIS Accounts Production v23.3.1.45 11700447 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117004472022-03-31117004472023-03-31117004472022-04-012023-03-31117004472021-03-31117004472021-04-012022-03-31117004472022-03-3111700447ns10:Originalns15:EnglandWales2022-04-012023-03-3111700447ns14:PoundSterlingns10:Original2022-04-012023-03-3111700447ns10:Originalns10:Director12022-04-012023-03-3111700447ns10:Original2022-04-012023-03-3111700447ns10:Originalns10:Director22022-04-012023-03-3111700447ns10:Original2023-03-3111700447ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111700447ns10:Originalns10:SmallEntities2022-04-012023-03-3111700447ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3111700447ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111700447ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3111700447ns10:Originalns10:FullAccounts2022-04-012023-03-3111700447ns10:Originalns10:RegisteredOffice2022-04-012023-03-3111700447ns10:Original2022-03-3111700447ns10:Originalns5:CurrentFinancialInstruments2023-03-3111700447ns10:Originalns5:CurrentFinancialInstruments2022-03-3111700447ns10:Originalns5:Non-currentFinancialInstruments2023-03-3111700447ns10:Originalns5:Non-currentFinancialInstruments2022-03-3111700447ns5:ShareCapitalns10:Original2023-03-3111700447ns5:ShareCapitalns10:Original2022-03-3111700447ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3111700447ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3111700447ns10:Originalns5:PlantMachinery2022-04-012023-03-3111700447ns10:Original2021-04-012022-03-3111700447ns10:Originalns5:PlantMachinery2022-03-3111700447ns10:Originalns5:PlantMachinery2023-03-3111700447ns10:Originalns5:PlantMachinery2022-03-3111700447ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-04-012023-03-3111700447ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3111700447ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3111700447ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 11700447 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bulk Agri Limited

Bulk Agri Limited (Registered number: 11700447)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bulk Agri Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C P Bowen
G E P Bowen





REGISTERED OFFICE: Lower Crosscynon
Llanbister
Llandrinodod Wells
Powys
LD1 6TL





REGISTERED NUMBER: 11700447 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Bulk Agri Limited (Registered number: 11700447)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 246,436 236,949

CURRENT ASSETS
Stocks 45,000 45,000
Debtors 5 391,067 444,491
Cash at bank 73,295 1,314
509,362 490,805
CREDITORS
Amounts falling due within one year 6 284,185 440,435
NET CURRENT ASSETS 225,177 50,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,613

287,319

CREDITORS
Amounts falling due after more than one
year

7

(256,847

)

(139,847

)

PROVISIONS FOR LIABILITIES (46,823 ) -
NET ASSETS 167,943 147,472

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 167,643 147,172
167,943 147,472

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.

Bulk Agri Limited (Registered number: 11700447)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




C P Bowen - Director



G E P Bowen - Director


Bulk Agri Limited (Registered number: 11700447)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Bulk Agri 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Bulk Agri Limited (Registered number: 11700447)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 294,519
Additions 80,000
Disposals (54,000 )
At 31 March 2023 320,519
DEPRECIATION
At 1 April 2022 57,570
Charge for year 27,276
Eliminated on disposal (10,763 )
At 31 March 2023 74,083
NET BOOK VALUE
At 31 March 2023 246,436
At 31 March 2022 236,949

Bulk Agri Limited (Registered number: 11700447)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 80,000
At 31 March 2023 80,000
DEPRECIATION
Charge for year 7,452
At 31 March 2023 7,452
NET BOOK VALUE
At 31 March 2023 72,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 383,409 443,026
Other debtors 7,658 1,465
391,067 444,491

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 33,205 42,889
Hire purchase contracts 58,800 6,105
Trade creditors 165,342 375,940
Taxation and social security 752 3,124
Other creditors 26,086 12,377
284,185 440,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Other creditors 256,847 139,847

8. RELATED PARTY DISCLOSURES

During the year sales of £778,760 (2022: £778,760) were made to a related party Crosscynon Free Range Eggs Ltd .At the end of the year Crosscynon Free Range Eggs owed Bulk Agri Ltd £94,983 (2022: £176,548)