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REGISTERED NUMBER: SC207700 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AGRI-INPUT DIRECT LIMITED

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGRI-INPUT DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mrs J Galloway



SECRETARY: Mrs J Galloway



REGISTERED OFFICE: 16 Hamilton Street
Girvan
Ayrshire
KA26 9EY



REGISTERED NUMBER: SC207700 (Scotland)



ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
16 Hamilton Street
Girvan
Ayrshire
KA26 9EY



BANKERS: Bank of Scotland
167 - 201 Argyle Street
Glasgow
G2 8BU

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 696,147 564,269

CURRENT ASSETS
Stocks 183,822 168,552
Debtors 5 141,572 288,554
Cash at bank and in hand 64,846 11,300
390,240 468,406
CREDITORS
Amounts falling due within one year 6 473,230 467,096
NET CURRENT (LIABILITIES)/ASSETS (82,990 ) 1,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,157

565,579

CREDITORS
Amounts falling due after more than one
year

7

(222,076

)

(178,017

)

PROVISIONS FOR LIABILITIES 9 (108,208 ) (74,816 )
NET ASSETS 282,873 312,746

CAPITAL AND RESERVES
Called up share capital 6,740 6,740
Retained earnings 276,133 306,006
SHAREHOLDERS' FUNDS 282,873 312,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





Mrs J Galloway - Director


AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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


1. STATUTORY INFORMATION

Agri-input Direct Limited is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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 Income Statement, 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.

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2023 236,885 11,524 416,178
Additions - 86,170 110,950
Disposals - - (76,427 )
At 31 December 2023 236,885 97,694 450,701
DEPRECIATION
At 1 January 2023 - 5,092 209,732
Charge for year - 3,908 32,709
Eliminated on disposal - - (47,921 )
At 31 December 2023 - 9,000 194,520
NET BOOK VALUE
At 31 December 2023 236,885 88,694 256,181
At 31 December 2022 236,885 6,432 206,446

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,560 215,395 1,247 884,789
Additions - 28,990 - 226,110
Disposals (38 ) - - (76,465 )
At 31 December 2023 3,522 244,385 1,247 1,034,434
DEPRECIATION
At 1 January 2023 3,176 101,670 850 320,520
Charge for year 57 28,987 60 65,721
Eliminated on disposal (33 ) - - (47,954 )
At 31 December 2023 3,200 130,657 910 338,287
NET BOOK VALUE
At 31 December 2023 322 113,728 337 696,147
At 31 December 2022 384 113,725 397 564,269

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 156,700 143,742 300,442
Additions 110,950 28,990 139,940
Transfer to ownership (52,050 ) (29,500 ) (81,550 )
At 31 December 2023 215,600 143,232 358,832
DEPRECIATION
At 1 January 2023 66,100 48,727 114,827
Charge for year 12,960 21,976 34,936
Transfer to ownership (24,880 ) (20,166 ) (45,046 )
At 31 December 2023 54,180 50,537 104,717
NET BOOK VALUE
At 31 December 2023 161,420 92,695 254,115
At 31 December 2022 90,600 95,015 185,615

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 130,111 264,122
VAT 11,461 24,432
141,572 288,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 127,895 142,999
Hire purchase contracts 53,374 40,110
Trade creditors 212,298 239,976
Other creditors 4,000 4,000
Directors' loan accounts 72,155 30,655
Accrued expenses 3,508 9,356
473,230 467,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans - 1-2 years 35,456 16,600
Bank loans - 2-5 years 73,424 49,800
Bank loans more 5 yr by instal 11,132 26,294
Hire purchase contracts 102,064 85,323
222,076 178,017

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,132 26,294

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank overdrafts 90,561 126,399
Bank loans 157,346 109,294
Hire purchase contracts 155,438 125,433
403,345 361,126

AGRI-INPUT DIRECT LIMITED (REGISTERED NUMBER: SC207700)

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


9. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax
Accelerated capital allowances 108,208 74,816

Deferred
tax
£   
Balance at 1 January 2023 74,816
Provided during year 33,392
Balance at 31 December 2023 108,208