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
Agriparts (Borders) Limited
Company Information
for the year ended 31 December 2023
Directors
Mr M. Iveson
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
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
Agriparts (Borders) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
18,551
21,998
Inventories
434,766
425,343
Cash at bank and in hand
92,248
38,469
Creditors: amounts falling due within one year
(391,025)
(414,522)
Net current assets
510,222
479,991
Net assets
528,823
502,039
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
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
54,090
22,559
20,375
97,024
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
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
Agriparts (Borders) Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
369,998
428,794
Accrued income and prepayments
745
1,009
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
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).