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REGISTERED NUMBER: 05256789 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

AGRI.CYCLE LIMITED

AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGRI.CYCLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: RT Moore





REGISTERED OFFICE: Barff Farm
Caenby
Lincoln
Lincolnshire
LN8 2AG





REGISTERED NUMBER: 05256789 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,358,334 1,140,351

CURRENT ASSETS
Stocks 19,607 36,190
Debtors 5 536,622 570,349
Cash at bank and in hand 1,440,163 1,731,045
1,996,392 2,337,584
CREDITORS
Amounts falling due within one year 6 738,568 655,380
NET CURRENT ASSETS 1,257,824 1,682,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,616,158

2,822,555

CREDITORS
Amounts falling due after more than one
year

7

(28,453

)

(77,656

)

PROVISIONS FOR LIABILITIES (348,000 ) (221,600 )
NET ASSETS 2,239,705 2,523,299

CAPITAL AND RESERVES
Called up share capital 8 500 500
Retained earnings 2,239,205 2,522,799
SHAREHOLDERS' FUNDS 2,239,705 2,523,299

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 February 2024 and were signed by:





RT Moore - Director


AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Agri.Cycle 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.

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

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

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% reducing balance
Fixtures and fittings - 25% 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 Profit and loss account, 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.

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

The average number of employees during the year was 17 (2022 - 20 ) .

AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 120,770 1,838,716 30,368 68,835 2,058,689
Additions - 525,908 525 36,863 563,296
At 31 October 2023 120,770 2,364,624 30,893 105,698 2,621,985
DEPRECIATION
At 1 November 2022 24,155 849,273 20,414 24,496 918,338
Charge for year 19,323 303,070 2,620 20,300 345,313
At 31 October 2023 43,478 1,152,343 23,034 44,796 1,263,651
NET BOOK VALUE
At 31 October 2023 77,292 1,212,281 7,859 60,902 1,358,334
At 31 October 2022 96,615 989,443 9,954 44,339 1,140,351

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 258,152 462,891
Other debtors 278,470 107,458
536,622 570,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 48,995 61,134
Trade creditors 504,873 230,968
Taxation and social security - 221,019
Other creditors 184,700 142,259
738,568 655,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 27,621 76,617
Other creditors 832 1,039
28,453 77,656

AGRI.CYCLE LIMITED (REGISTERED NUMBER: 05256789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary £1 500 500

9. RELATED PARTY DISCLOSURES

Amounts due from the Directors at the balance sheet date were £61,782 (2022 - due to the directors £54,322).

Amounts due from other related parties at the balance sheet date were £20,973 (2022 - £20,973).