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Company Registration No. 03440114 (England and Wales)
Agricultural Trading Systems Ltd. Unaudited accounts for the year ended 31 March 2024
Agricultural Trading Systems Ltd. Unaudited accounts Contents
Page
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Agricultural Trading Systems Ltd. Company Information for the year ended 31 March 2024
Director
Michael Gathercole
Secretary
Marie Ange Gathercole
Company Number
03440114 (England and Wales)
Registered Office
61 London Street Swaffham Norfolk PE37 7DN
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Agricultural Trading Systems Ltd. for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agricultural Trading Systems Ltd. for the year ended 31 March 2024 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Azoth Digital Accountants Chartered Certified Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH 28 October 2024
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Agricultural Trading Systems Ltd. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
251 
314 
Current assets
Debtors
110,000 
10,840 
Cash at bank and in hand
49,709 
142,674 
159,709 
153,514 
Creditors: amounts falling due within one year
(75,272)
(73,864)
Net current assets
84,437 
79,650 
Net assets
84,688 
79,964 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
84,588 
79,864 
Shareholders' funds
84,688 
79,964 
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 28 October 2024 and were signed on its behalf by
Michael Gathercole Director Company Registration No. 03440114
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Agricultural Trading Systems Ltd. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Agricultural Trading Systems Ltd. is a private company, limited by shares, registered in England and Wales, registration number 03440114. The registered office is 61 London Street, Swaffham, Norfolk, PE37 7DN.
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:
Plant & machinery
20% RBM
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
2,652 
At 31 March 2024
2,652 
Depreciation
At 1 April 2023
2,338 
Charge for the year
63 
At 31 March 2024
2,401 
Net book value
At 31 March 2024
251 
At 31 March 2023
314 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
840 
Other debtors
110,000 
10,000 
110,000 
10,840 
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Agricultural Trading Systems Ltd. Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,102 
- 
Trade creditors
- 
700 
Taxes and social security
5,814 
8,180 
Other creditors
37,759 
64,984 
Loans from directors
30,597 
- 
75,272 
73,864 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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