IRIS Accounts Production v23.4.0.336 14086388 director 4.5.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140863882022-05-03140863882023-05-31140863882022-05-042023-05-31140863882022-05-0314086388ns15:EnglandWales2022-05-042023-05-3114086388ns14:PoundSterling2022-05-042023-05-3114086388ns10:Director12022-05-042023-05-3114086388ns10:PrivateLimitedCompanyLtd2022-05-042023-05-3114086388ns10:SmallEntities2022-05-042023-05-3114086388ns10:AuditExempt-NoAccountantsReport2022-05-042023-05-3114086388ns10:SmallCompaniesRegimeForDirectorsReport2022-05-042023-05-3114086388ns10:SmallCompaniesRegimeForAccounts2022-05-042023-05-3114086388ns10:FullAccounts2022-05-042023-05-3114086388ns10:RegisteredOffice2022-05-042023-05-3114086388ns5:CurrentFinancialInstruments2023-05-3114086388ns5:Non-currentFinancialInstruments2023-05-3114086388ns5:ShareCapital2023-05-3114086388ns5:RetainedEarningsAccumulatedLosses2023-05-3114086388ns5:PlantMachinery2022-05-042023-05-3114086388ns5:PlantMachinery2023-05-3114086388ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-05-042023-05-3114086388ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3114086388ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 14086388 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

4 MAY 2022 TO 31 MAY 2023

FOR

A C AGRICULTURAL SOLUTIONS LTD

A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 4 May 2022 to 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A C AGRICULTURAL SOLUTIONS LTD

COMPANY INFORMATION
for the Period 4 May 2022 to 31 May 2023







DIRECTOR: A G Craggs





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 14086388 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

BALANCE SHEET
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 50,593

CURRENT ASSETS
Debtors 5 3,466
Cash at bank 587
4,053
CREDITORS
Amounts falling due within one year 6 18,845
NET CURRENT LIABILITIES (14,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,801

CREDITORS
Amounts falling due after more than one year 7 34,905
NET ASSETS 896

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 796
SHAREHOLDERS' FUNDS 896

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

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

The director acknowledges his 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.

A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

BALANCE SHEET - continued
31 May 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 director and authorised for issue on 19 January 2024 and were signed by:





A G Craggs - Director


A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 4 May 2022 to 31 May 2023


1. STATUTORY INFORMATION

A C Agricultural Solutions Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office as at Beckside Court, Annie Reed Road, East Yorkshire, HU17 0LF and its principal place of bunnies at 28 Brecksfield, Skelton, York, YO30 1YD.

The principal activity of the company is machinery repairs.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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 - 33% on reducing balance and 25% on a reducing balance basis

Taxation
Taxation for the period 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 balance sheet date.


A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 4 May 2022 to 31 May 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 97,768
Disposals (37,250 )
At 31 May 2023 60,518
DEPRECIATION
Charge for period 9,925
At 31 May 2023 9,925
NET BOOK VALUE
At 31 May 2023 50,593

A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 4 May 2022 to 31 May 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 37,345
At 31 May 2023 37,345
DEPRECIATION
Charge for period 7,002
At 31 May 2023 7,002
NET BOOK VALUE
At 31 May 2023 30,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 380
Other debtors 3,086
3,466

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 1,639
Hire purchase contracts 4,084
Trade creditors 8,014
Taxation and social security 858
Other creditors 4,250
18,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 4,025
Hire purchase contracts 30,880
34,905

A C AGRICULTURAL SOLUTIONS LTD (REGISTERED NUMBER: 14086388)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 4 May 2022 to 31 May 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 34,964

Amounts owed under Hire Purchase contracts are secured on the asset to which they relate.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end other debtors included the overdrawn directors current account balance of £2,549, This was fully repaid within 9 months of the year end. No interest was charged on this balance.