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REGISTERED NUMBER: 06457377 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

AGROCHEMEX INTERNATIONAL LTD

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AGROCHEMEX INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: A J Wilson
A W Gamblin





SECRETARY: Mrs L A Gamblin





REGISTERED OFFICE: Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 06457377 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 23,729 29,663
23,729 29,663

CURRENT ASSETS
Debtors 7 398,926 417,112
Cash at bank 8 481,331 682,445
880,257 1,099,557
CREDITORS
Amounts falling due within one year 9 241,298 527,466
NET CURRENT ASSETS 638,959 572,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,688

601,754

PROVISIONS FOR LIABILITIES 10 398 1,263
NET ASSETS 662,290 600,491

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 662,190 600,391
SHAREHOLDERS' FUNDS 662,290 600,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





A W Gamblin - Director


AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Agrochemex International Ltd 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 (£).


Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods, net of returns, discounts and value added taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover represents the net sales of technical testing and analysis. Turnover is recognised on an accruals basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and equipment - 33% on cost
Motor vehicles - 20% on reducing balance

Tangible assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed assets begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the income statement.

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enter into basic financial instruments transactions that results in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, other third party loans and loans with related parties.

Taxation
Taxation for the year comprises current and deferred tax. 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 recognised in the the income statement.

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.

4. EMPLOYEES AND DIRECTORS

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

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 25,000
AMORTISATION
At 1 May 2022
and 30 April 2023 25,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 45,229 6,427 24,488 76,144
DEPRECIATION
At 1 May 2022 35,156 6,427 4,898 46,481
Charge for year 2,016 - 3,918 5,934
At 30 April 2023 37,172 6,427 8,816 52,415
NET BOOK VALUE
At 30 April 2023 8,057 - 15,672 23,729
At 30 April 2022 10,073 - 19,590 29,663

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 365,245 380,531
Amounts owed by related parties - 2,900
Other debtors 33,681 33,681
398,926 417,112

8. CASH AT BANK
2023 2022
£    £   
Bank account 468,198 658,529
Other bank account 13,133 23,916
481,331 682,445

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 64,696 85,906
Amounts owed to related parties 28,581 27,700
Taxation and social security 87,066 123,825
Other creditors 60,955 290,035
241,298 527,466

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 398 1,263

Deferred
tax
£   
Balance at 1 May 2022 1,263
Credit to Income Statement during year (865 )
Balance at 30 April 2023 398

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the balance sheet date is an amount of £50,364 (2022: £80,936) due to the director Mr A J Wilson of the company.

13. RELATED PARTY DISCLOSURES

Other related parties

2023 2022
£ £
Purchases from related parties 116,524 113,580
Amounts due to related parties 28,581 27,700
Amounts due from related parties - 3,480

The amounts shown above concern transactions with another company in which the director A Gamblin has a controlling interest.