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Company Registration No. 03068280 (England and Wales)
Agriparts (Borders) Limited Unaudited accounts for the year ended 31 December 2023
Agriparts (Borders) Limited Unaudited accounts Contents
Page
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Agriparts (Borders) Limited Company Information for the year ended 31 December 2023
Directors
Mr M. Iveson Mrs L.M. Iveson
Secretary
Mrs L.M Iveson
Company Number
03068280 (England and Wales)
Registered Office
The Old Post Office Wark Cornhill on Tweed Northumberland TD12 4RE
Accountants
JB Norfolk & Co 12 Chatsworth Grove Boroughbridge York North Yorkshire YO51 9BB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Agriparts (Borders) Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agriparts (Borders) Limited for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
JB Norfolk & Co Chartered Accountants 12 Chatsworth Grove Boroughbridge York North Yorkshire YO51 9BB 5 August 2024
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Agriparts (Borders) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,551 
21,998 
Investments
50 
50 
18,601 
22,048 
Current assets
Inventories
434,766 
425,343 
Debtors
374,233 
430,701 
Cash at bank and in hand
92,248 
38,469 
901,247 
894,513 
Creditors: amounts falling due within one year
(391,025)
(414,522)
Net current assets
510,222 
479,991 
Net assets
528,823 
502,039 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
528,723 
501,939 
Shareholders' funds
528,823 
502,039 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Mr M. Iveson Director Company Registration No. 03068280
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Agriparts (Borders) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Agriparts (Borders) Limited is a private company, limited by shares, registered in England and Wales, registration number 03068280. The registered office is The Old Post Office, Wark, Cornhill on Tweed, Northumberland, TD12 4RE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
54,090 
22,559 
17,640 
94,289 
Additions
- 
- 
2,735 
2,735 
At 31 December 2023
54,090 
22,559 
20,375 
97,024 
Depreciation
At 1 January 2023
49,008 
9,870 
13,413 
72,291 
Charge for the year
1,362 
3,172 
1,648 
6,182 
At 31 December 2023
50,370 
13,042 
15,061 
78,473 
Net book value
At 31 December 2023
3,720 
9,517 
5,314 
18,551 
At 31 December 2022
5,082 
12,689 
4,227 
21,998 
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
50 
Valuation at 31 December 2023
50 
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Agriparts (Borders) Limited Notes to the Accounts for the year ended 31 December 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
369,998 
428,794 
Accrued income and prepayments
745 
1,009 
Other debtors
3,490 
898 
374,233 
430,701 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,750 
8,750 
Trade creditors
120,184 
153,472 
Taxes and social security
33,407 
26,068 
Other creditors
24,419 
27,639 
Loans from directors
209,265 
198,593 
391,025 
414,522 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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