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REGISTERED NUMBER: 06457377 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AGROCHEMEX INTERNATIONAL LTD

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AGROCHEMEX INTERNATIONAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A J Wilson
A W Gamblin





SECRETARY: Mrs L A Gamblin





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 06457377 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 20,234 23,729
20,234 23,729

CURRENT ASSETS
Debtors 7 49,038 398,926
Cash at bank 8 662,319 481,331
711,357 880,257
CREDITORS
Amounts falling due within one year 9 138,470 241,298
NET CURRENT ASSETS 572,887 638,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,121

662,688

PROVISIONS FOR LIABILITIES 10 - 398
NET ASSETS 593,121 662,290

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 593,021 662,190
SHAREHOLDERS' FUNDS 593,121 662,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





A W Gamblin - Director


AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Agrochemex International Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods, net of returns, discounts and value added taxes.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover represents the net sales of technical testing and analysis. Turnover is recognised on an accruals basis.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and equipment - 33% on cost
Motor vehicles - 20% on reducing balance

Tangible assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed assets begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the income statement.

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The company only enter into basic financial instruments transactions that results in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, other third party loans and loans with related parties.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are recognised in the the income statement.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 25,000
AMORTISATION
At 1 May 2023
and 30 April 2024 25,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 45,229 6,427 24,488 76,144
Additions 1,563 - - 1,563
Disposals - (2,614 ) - (2,614 )
At 30 April 2024 46,792 3,813 24,488 75,093
DEPRECIATION
At 1 May 2023 37,172 6,427 8,816 52,415
Charge for year 1,924 - 3,134 5,058
Eliminated on disposal - (2,614 ) - (2,614 )
At 30 April 2024 39,096 3,813 11,950 54,859
NET BOOK VALUE
At 30 April 2024 7,696 - 12,538 20,234
At 30 April 2023 8,057 - 15,672 23,729

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,080 365,245
Other debtors 41,958 33,681
49,038 398,926

8. CASH AT BANK
2024 2023
£    £   
Bank account 642,187 468,198
Other bank account 20,132 13,133
662,319 481,331

AGROCHEMEX INTERNATIONAL LTD (REGISTERED NUMBER: 06457377)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,071 64,696
Amounts owed to related parties 28,581 28,581
Taxation and social security 36,967 87,066
Other creditors 65,851 60,955
138,470 241,298

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 398

Deferred
tax
£   
Balance at 1 May 2023 398
Balance at 30 April 2024 398

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the balance sheet date is an amount of £50,400 (2023: £50,364) due to the director Mr A J Wilson of the company.

13. RELATED PARTY DISCLOSURES

Other related parties

2024 2023
£ £
Purchases from related parties 71,650 116,524
Amounts due to related parties 48,581 28,581
Amounts due from related parties - -

The amounts shown above concern transactions with another company in which the director A Gamblin has a controlling interest.