Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12467448 2022-03-01 2023-02-28 12467448 2021-03-01 2022-02-28 12467448 2023-02-28 12467448 2022-02-28 12467448 c:Director3 2022-03-01 2023-02-28 12467448 d:PlantMachinery 2022-03-01 2023-02-28 12467448 d:PlantMachinery 2023-02-28 12467448 d:PlantMachinery 2022-02-28 12467448 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12467448 d:MotorVehicles 2022-03-01 2023-02-28 12467448 d:MotorVehicles 2023-02-28 12467448 d:MotorVehicles 2022-02-28 12467448 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12467448 d:ComputerEquipment 2022-03-01 2023-02-28 12467448 d:ComputerEquipment 2023-02-28 12467448 d:ComputerEquipment 2022-02-28 12467448 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12467448 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 12467448 d:CurrentFinancialInstruments 2023-02-28 12467448 d:CurrentFinancialInstruments 2022-02-28 12467448 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12467448 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12467448 d:ShareCapital 2023-02-28 12467448 d:ShareCapital 2022-02-28 12467448 d:RetainedEarningsAccumulatedLosses 2023-02-28 12467448 d:RetainedEarningsAccumulatedLosses 2022-02-28 12467448 c:FRS102 2022-03-01 2023-02-28 12467448 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 12467448 c:FullAccounts 2022-03-01 2023-02-28 12467448 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 12467448










NUTRICOR AGRONOMICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
NUTRICOR AGRONOMICS LIMITED
REGISTERED NUMBER: 12467448

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
14,179
15,196

  
14,179
15,196

Current assets
  

Stocks
  
68,000
10,826

Debtors: amounts falling due within one year
 5 
33,532
30,981

Cash at bank and in hand
 6 
2,917
6,270

  
104,449
48,077

Creditors: amounts falling due within one year
 7 
(194,020)
(159,126)

Net current liabilities
  
 
 
(89,571)
 
 
(111,049)

Total assets less current liabilities
  
(75,392)
(95,853)

  

Net liabilities
  
(75,392)
(95,853)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(75,393)
(95,854)

  
(75,392)
(95,853)


Page 1

 
NUTRICOR AGRONOMICS LIMITED
REGISTERED NUMBER: 12467448
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






P Hayward
Director

Date: 13 October 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
NUTRICOR AGRONOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Nutricor Agronomics Limited is a private limited company limited by shares. It is incorporated in England and Wales. The registered office is Arunshead Farm, Green Lane, Shamley Green, Guildford, GU5 0RD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements through available funds and the
support of the director. The director considers that it is appropriate to prepare the financial
statements on a going concern basis as they expect the company to be able to trade within the
facilities made available.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
NUTRICOR AGRONOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Straight line
Motor vehicles
-
25%
Reducing balance
Computer equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
NUTRICOR AGRONOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

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


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2022
9,505
10,750
762
21,017


Additions
3,250
-
-
3,250



At 28 February 2023

12,755
10,750
762
24,267



Depreciation


At 1 March 2022
2,754
2,868
199
5,821


Charge for the year on owned assets
2,352
1,836
79
4,267



At 28 February 2023

5,106
4,704
278
10,088



Net book value



At 28 February 2023
7,649
6,046
484
14,179



At 28 February 2022
6,751
7,882
563
15,196

Page 5

 
NUTRICOR AGRONOMICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
21,886
-

Amounts owed by group undertakings
4,008
2,311

Other debtors
3,898
25,000

Prepayments and accrued income
3,740
3,670

33,532
30,981



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,917
6,270



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2
690

Other taxation and social security
-
4,959

Other creditors
191,018
150,477

Accruals and deferred income
3,000
3,000

194,020
159,126



8.


Controlling party

The Ultimate Parent Company is Nutricor Holdings Limited. The Company was under the control of the director who is also director of Nutricor Holdings Limited. The company is part of a small group.

 
Page 6