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REGISTERED NUMBER: 06621460 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Agrantec Limited

Agrantec Limited (Registered number: 06621460)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Agrantec Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M Coates





SECRETARY: M Coates





REGISTERED OFFICE: Redland House
157 Redland House
Bristol
BS6 6YE





REGISTERED NUMBER: 06621460 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Agrantec Limited (Registered number: 06621460)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 248 372
Tangible assets 5 8,560 9,360
8,808 9,732

CURRENT ASSETS
Debtors 6 1,313,264 1,233,079
Cash at bank and in hand 6,179 2,073
1,319,443 1,235,152
CREDITORS
Amounts falling due within one year 7 1,399,897 1,157,374
NET CURRENT (LIABILITIES)/ASSETS (80,454 ) 77,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

(71,646

)

87,510

CREDITORS
Amounts falling due after more than one
year

8

19,774

-
NET (LIABILITIES)/ASSETS (91,420 ) 87,510

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 10 74,880 74,880
Retained earnings 10 (166,400 ) 12,530
SHAREHOLDERS' FUNDS (91,420 ) 87,510

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

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

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 7 February 2024 and were signed by:





M Coates - Director


Agrantec Limited (Registered number: 06621460)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Agrantec 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

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 8 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2022
and 30 June 2023 1,239
AMORTISATION
At 1 July 2022 867
Amortisation for year 124
At 30 June 2023 991
NET BOOK VALUE
At 30 June 2023 248
At 30 June 2022 372

Agrantec Limited (Registered number: 06621460)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 445 53,101 53,546
Additions 829 2,399 3,228
At 30 June 2023 1,274 55,500 56,774
DEPRECIATION
At 1 July 2022 358 43,828 44,186
Charge for year 137 3,891 4,028
At 30 June 2023 495 47,719 48,214
NET BOOK VALUE
At 30 June 2023 779 7,781 8,560
At 30 June 2022 87 9,273 9,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,235,137 1,186,313
Other debtors 78,127 46,766
1,313,264 1,233,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 40,000
Trade creditors 17,619 13,483
Social security and other taxes 9,349 8,099
VAT 3,277 3,422
Other creditors 3,278 1,267
Directors' loan accounts 1,354,352 1,085,301
Deferred income 420 4,200
Accrued expenses 1,602 1,602
1,399,897 1,157,374

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,774 -

9. CALLED UP SHARE CAPITAL

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

Agrantec Limited (Registered number: 06621460)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2022 12,530 74,880 87,410
Deficit for the year (178,930 ) (178,930 )
At 30 June 2023 (166,400 ) 74,880 (91,520 )