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Company Registration No. 04671688 (England and Wales)
Agritec International Ltd Unaudited accounts for the year ended 31 December 2023
Agritec International Ltd Unaudited accounts Contents
Page
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Agritec International Ltd Company Information for the year ended 31 December 2023
Directors
Laura Gresty Peter Gresty Mary Gresty
Company Number
04671688 (England and Wales)
Registered Office
Owls Dene Rawcliffe Road St. Michaels Preston PR3 0UE England
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Agritec International Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
196,946 
118,588 
Current assets
Inventories
87,500 
117,000 
Debtors
639,173 
553,052 
Cash at bank and in hand
1,203,189 
932,795 
1,929,862 
1,602,847 
Creditors: amounts falling due within one year
(563,587)
(368,607)
Net current assets
1,366,275 
1,234,240 
Total assets less current liabilities
1,563,221 
1,352,828 
Creditors: amounts falling due after more than one year
(6,200)
- 
Provisions for liabilities
Deferred tax
(24,804)
(3,786)
Net assets
1,532,217 
1,349,042 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,532,117 
1,348,942 
Shareholders' funds
1,532,217 
1,349,042 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 September 2024 and were signed on its behalf by
Peter Gresty Director Company Registration No. 04671688
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Agritec International Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Agritec International Ltd is a private company, limited by shares, registered in England and Wales, registration number 04671688. The registered office is Owls Dene Rawcliffe Road, St. Michaels, Preston, PR3 0UE, England.
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
Basis of preparation
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 accounts 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 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:
Land & buildings
4% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
30% on reducing balance
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Agritec International Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
197,839 
Additions
94,451 
At 31 December 2023
292,290 
Depreciation
At 1 January 2023
79,251 
Charge for the year
16,093 
At 31 December 2023
95,344 
Net book value
At 31 December 2023
196,946 
At 31 December 2022
118,588 
5
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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