Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03264132 R Duffus L Duffus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03264132 2022-12-31 03264132 2023-12-31 03264132 2023-01-01 2023-12-31 03264132 frs-core:CurrentFinancialInstruments 2023-12-31 03264132 frs-core:Non-currentFinancialInstruments 2023-12-31 03264132 frs-core:BetweenOneFiveYears 2023-12-31 03264132 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03264132 frs-core:FurnitureFittings 2023-12-31 03264132 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03264132 frs-core:FurnitureFittings 2022-12-31 03264132 frs-core:NetGoodwill 2023-12-31 03264132 frs-core:NetGoodwill 2023-01-01 2023-12-31 03264132 frs-core:NetGoodwill 2022-12-31 03264132 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03264132 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03264132 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03264132 frs-core:MotorVehicles 2023-12-31 03264132 frs-core:MotorVehicles 2023-01-01 2023-12-31 03264132 frs-core:MotorVehicles 2022-12-31 03264132 frs-core:OtherResidualIntangibleAssets 2023-12-31 03264132 frs-core:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 03264132 frs-core:OtherResidualIntangibleAssets 2022-12-31 03264132 frs-core:WithinOneYear 2023-12-31 03264132 frs-core:CapitalRedemptionReserve 2023-12-31 03264132 frs-core:ShareCapital 2023-12-31 03264132 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03264132 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03264132 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03264132 frs-bus:SmallEntities 2023-01-01 2023-12-31 03264132 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03264132 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03264132 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 03264132 frs-bus:OrdinaryShareClass4 2023-12-31 03264132 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 03264132 frs-bus:OrdinaryShareClass5 2023-12-31 03264132 frs-bus:Director1 2023-01-01 2023-12-31 03264132 frs-bus:Director2 2023-01-01 2023-12-31 03264132 frs-countries:EnglandWales 2023-01-01 2023-12-31 03264132 2021-12-31 03264132 2022-12-31 03264132 2022-01-01 2022-12-31 03264132 frs-core:CurrentFinancialInstruments 2022-12-31 03264132 frs-core:Non-currentFinancialInstruments 2022-12-31 03264132 frs-core:BetweenOneFiveYears 2022-12-31 03264132 frs-core:WithinOneYear 2022-12-31 03264132 frs-core:CapitalRedemptionReserve 2022-12-31 03264132 frs-core:ShareCapital 2022-12-31 03264132 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 03264132 frs-bus:OrdinaryShareClass4 2022-01-01 2022-12-31 03264132 frs-bus:OrdinaryShareClass5 2022-01-01 2022-12-31
Registered number: 03264132
Agritel Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Spotlight Accounting Limited
Chartered Accountants
Market Chambers
2b Market Place
Shifnal
TF11 9AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03264132
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 994 3,820
Tangible Assets 5 352,068 83,162
353,062 86,982
CURRENT ASSETS
Stocks 6 191,960 241,475
Debtors 7 169,674 206,636
Cash at bank and in hand 63,648 55,724
425,282 503,835
Creditors: Amounts Falling Due Within One Year 8 (267,230 ) (273,098 )
NET CURRENT ASSETS (LIABILITIES) 158,052 230,737
TOTAL ASSETS LESS CURRENT LIABILITIES 511,114 317,719
Creditors: Amounts Falling Due After More Than One Year 9 (226,140 ) (68,310 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,389 ) (20,445 )
NET ASSETS 263,585 228,964
CAPITAL AND RESERVES
Called up share capital 11 20 20
Capital redemption reserve 80 80
Profit and Loss Account 263,485 228,864
SHAREHOLDERS' FUNDS 263,585 228,964
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R Duffus
Director
24 September 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Agritel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03264132 . The registered office is June House Gledrid, Chirk, Wrexham, LL14 5DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are a Website and it is amortised to profit and loss account over its estimated economic life of 4 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 4% Straight line
Motor Vehicles 20% Straight line
Fixtures & Fittings 20% Straight line
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Page 3
Page 4
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2022: 8)
8 8
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 35,000 9,555 44,555
As at 31 December 2023 35,000 9,555 44,555
Amortisation
As at 1 January 2023 34,563 6,172 40,735
Provided during the period 437 2,389 2,826
As at 31 December 2023 35,000 8,561 43,561
Net Book Value
As at 31 December 2023 - 994 994
As at 1 January 2023 437 3,383 3,820
Page 4
Page 5
5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 1,427 64,650 54,585 120,662
Additions 270,109 13,995 7,712 291,816
As at 31 December 2023 271,536 78,645 62,297 412,478
Depreciation
As at 1 January 2023 57 14,094 23,349 37,500
Provided during the period 57 13,163 9,690 22,910
As at 31 December 2023 114 27,257 33,039 60,410
Net Book Value
As at 31 December 2023 271,422 51,388 29,258 352,068
As at 1 January 2023 1,370 50,556 31,236 83,162
6. Stocks
2023 2022
£ £
Stock 191,960 241,475
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 169,387 204,992
Other debtors 287 1,644
169,674 206,636
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 2,799 -
Trade creditors 143,959 179,441
Bank loans and overdrafts 47,125 28,351
Other creditors 14,354 19,328
Taxation and social security 58,993 45,978
267,230 273,098
Page 5
Page 6
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 11,196 -
Bank loans 214,944 68,310
226,140 68,310
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,799 -
Later than one year and not later than five years 11,196 -
13,995 -
13,995 -
11. Share Capital
2023 2022
Allotted, called up and fully paid £ £
160 Ordinary C shares of £ 0.10 each 16 20
40 Ordinary D shares of £ 0.10 each 4 -
20 20
Page 6