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Registration number: 01319812

Agra Freeze Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Agra Freeze Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Agra Freeze Limited

Company Information

Directors

A M S Cryer

J C A Cryer

A E S Cryer

M Whelan

D R W Cryer

Registered office

Black Robins Farm
Grants Lane
Edenbridge
Kent
TN8 6QP

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Agra Freeze Limited
for the Year Ended 31 July 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agra Freeze Limited for the year ended 31 July 2024 as set out on pages 3 to 8 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Agra Freeze Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Agra Freeze Limited and state those matters that we have agreed to state to the Board of Directors of Agra Freeze Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agra Freeze Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Agra Freeze Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Agra Freeze Limited. You consider that Agra Freeze Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Agra Freeze Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

19 November 2024

 

Agra Freeze Limited

(Registration number: 01319812)
Statement of Financial Position as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

144,151

139,519

Current assets

 

Stocks

5

327,659

263,323

Debtors

6

487,958

472,686

Cash at bank and in hand

 

301,532

419,261

 

1,117,149

1,155,270

Creditors: Amounts falling due within one year

7

(450,823)

(443,505)

Net current assets

 

666,326

711,765

Total assets less current liabilities

 

810,477

851,284

Provisions for liabilities

(36,038)

(29,034)

Net assets

 

774,439

822,250

Capital and reserves

 

Called up share capital

5,000

5,000

Retained earnings

769,439

817,250

Shareholders' funds

 

774,439

822,250

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 November 2024 and signed on its behalf by:
 

 

Agra Freeze Limited

(Registration number: 01319812)
Statement of Financial Position as at 31 July 2024 (continued)

D R W Cryer
Director

   
     
 

Agra Freeze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Black Robins Farm
Grants Lane
Edenbridge
Kent
TN8 6QP

2

Accounting policies

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 Section1A "Small Entities" and the Companies Act 2006.

Basis of preparation

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

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Agra Freeze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Tax

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.

 

Agra Freeze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 7).

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 August 2023

200,823

20,369

221,192

Additions

41,485

2,781

44,266

At 31 July 2024

242,308

23,150

265,458

Depreciation

At 1 August 2023

70,285

11,388

81,673

Charge for the year

37,164

2,470

39,634

At 31 July 2024

107,449

13,858

121,307

Carrying amount

At 31 July 2024

134,859

9,292

144,151

At 31 July 2023

130,538

8,981

139,519

 

Agra Freeze Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Stocks

2024
£

2023
£

Other inventories

327,659

263,323

6

Debtors

Current

2024
£

2023
£

Trade debtors

406,489

414,964

Prepayments

38,592

19,898

Other debtors

42,877

37,824

 

487,958

472,686

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

253,979

207,894

Taxation and social security

86,318

52,908

Accruals and deferred income

99,109

171,446

Other creditors

11,417

11,257

450,823

443,505

9 Ultimate controlling party

The directors regard Agra Freeze Holdings Limited, a company incorporated in England, as the company's ultimate parent undertaking. The parent undertaking registered office address is Black Robins Farm, Grants Lane, Edenbridge, Kent, TN8 6QP.

Group accounts have not been prepared as the group qualifies as a small group under Section 383 of the Companies Act 2006.