Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2022-08-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC635494 2022-08-01 2023-07-31 SC635494 2021-08-01 2022-07-31 SC635494 2023-07-31 SC635494 2022-07-31 SC635494 c:Director1 2022-08-01 2023-07-31 SC635494 c:RegisteredOffice 2022-08-01 2023-07-31 SC635494 d:PlantMachinery 2022-08-01 2023-07-31 SC635494 d:PlantMachinery 2023-07-31 SC635494 d:PlantMachinery 2022-07-31 SC635494 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 SC635494 d:MotorVehicles 2022-08-01 2023-07-31 SC635494 d:MotorVehicles 2023-07-31 SC635494 d:MotorVehicles 2022-07-31 SC635494 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 SC635494 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 SC635494 d:CurrentFinancialInstruments 2023-07-31 SC635494 d:CurrentFinancialInstruments 2022-07-31 SC635494 d:Non-currentFinancialInstruments 2023-07-31 SC635494 d:Non-currentFinancialInstruments 2022-07-31 SC635494 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC635494 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 SC635494 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC635494 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 SC635494 d:ShareCapital 2023-07-31 SC635494 d:ShareCapital 2022-07-31 SC635494 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC635494 d:RetainedEarningsAccumulatedLosses 2022-07-31 SC635494 c:FRS102 2022-08-01 2023-07-31 SC635494 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 SC635494 c:FullAccounts 2022-08-01 2023-07-31 SC635494 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC635494 2 2022-08-01 2023-07-31 SC635494 6 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: SC635494










AGRI SOLUTIONS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

 
AGRI SOLUTIONS LTD
 

COMPANY INFORMATION


Director
James P M Hopkinson 




Registered number
SC635494



Registered office
Kennel Cottage
Lindertis

Kirrimuir

Angus

DD8 5NT




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
AGRI SOLUTIONS LTD
REGISTERED NUMBER: SC635494

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
£
£

FIXED ASSETS
  

Tangible assets
 4 
12,432
15,745

Investments
 5 
14,534
11,400

  
26,966
27,145

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
70,828
45,155

Bank and cash balances
  
11,419
55,142

  
82,247
100,297

Creditors: amounts falling due within one year
 7 
(21,411)
(23,242)

NET CURRENT ASSETS
  
 
 
60,836
 
 
77,055

TOTAL ASSETS LESS CURRENT LIABILITIES
  
87,802
104,200

Creditors: amounts falling due after more than one year
 8 
(7,333)
(11,303)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(3,108)
(2,992)

NET ASSETS
  
 
 
77,361
 
 
89,905


CAPITAL AND RESERVES
  

Called up share capital 
  
1
1

Profit and loss account
  
77,360
89,904

  
77,361
89,905


Page 1

 
AGRI SOLUTIONS LTD
REGISTERED NUMBER: SC635494

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

The director considers 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 director acknowledges his 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 on 14 March 2024.




James P M Hopkinson
Director

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

Page 2

 
AGRI SOLUTIONS LTD
 

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

1.


GENERAL INFORMATION

Agri Solutions Limited is a private limited company incorporated in Scotland.  The registered office and principal place of business is Kennel Cottage, Lindertis, Kirriemuir, Angus, DD8 5NT. The company's functional and presentational currency is GBP.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
AGRI SOLUTIONS LTD
 

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

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
reducing balance
Motor vehicles
-
25.0%
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.

 
2.7

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
AGRI SOLUTIONS LTD
 

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

3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


TANGIBLE FIXED ASSETS





Plant and machinery
Motor vehicles
Total

£
£
£



COST OR VALUATION


At 1 August 2022
5,700
25,500
31,200



At 31 July 2023

5,700
25,500
31,200



DEPRECIATION


At 1 August 2022
713
14,742
15,455


Charge for the year on owned assets
623
2,690
3,313



At 31 July 2023

1,336
17,432
18,768



NET BOOK VALUE



At 31 July 2023
4,364
8,068
12,432



At 31 July 2022
4,987
10,758
15,745

Page 5

 
AGRI SOLUTIONS LTD
 

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

5.


FIXED ASSET INVESTMENTS





Unlisted investments

£



COST OR VALUATION


At 1 August 2022
11,400


Additions
3,134



At 31 July 2023
14,534





6.


DEBTORS

2023
2022
£
£


Trade debtors
25,602
5,530

Other debtors
45,226
39,625

70,828
45,155



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
4,000
4,030

Trade creditors
2,407
-

Other taxation and social security
13,504
15,209

Accruals and deferred income
1,500
4,003

21,411
23,242


The bank loan is secured by a bond and floating charge over the assets of the company. 


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
7,333
11,303

7,333
11,303


The bank loan is secured by a bond and floating charge over the assets of the company.

Page 6

 
AGRI SOLUTIONS LTD
 

 Page 7