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REGISTERED NUMBER: 09510196 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Agroisolab UK Limited

Agroisolab UK Limited (Registered number: 09510196)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Agroisolab UK Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R T Young





REGISTERED OFFICE: 1 Welburn Business Park
Greets House Road
Welburn
York
YO60 7EP





REGISTERED NUMBER: 09510196 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Agroisolab UK Limited (Registered number: 09510196)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,363 7,807
Tangible assets 5 5,506 7,732
12,869 15,539

CURRENT ASSETS
Debtors 6 93,232 215,537
Cash at bank and in hand 20,616 133,034
113,848 348,571
CREDITORS
Amounts falling due within one year 7 224,451 391,554
NET CURRENT LIABILITIES (110,603 ) (42,983 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(97,734

)

(27,444

)

CREDITORS
Amounts falling due after more than one
year

8

14,806

24,946
NET LIABILITIES (112,540 ) (52,390 )

CAPITAL AND RESERVES
Called up share capital 10 287,234 287,234
Retained earnings (399,774 ) (339,624 )
SHAREHOLDERS' FUNDS (112,540 ) (52,390 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Agroisolab UK Limited (Registered number: 09510196)

Balance Sheet - continued
29 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2024 and were signed by:





R T Young - Director


Agroisolab UK Limited (Registered number: 09510196)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Agroisolab UK Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

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.

The financial statements are prepared on the going concern basis which assumes that the company will continue to trade. However the validity of the going concern basis is dependent upon the support of the creditors and the director. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of the assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Related party exemption
All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosure is necessary in accordance with FRS102 Section 1A.

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

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost and 12.5% - 15% on cost
Fixtures and fittings - 20% on cost and 12.5% - 15% on cost
Computer equipment - 12.5% - 15% on cost

Tangible fixed assets are included at cost less accumulated depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Agroisolab UK Limited (Registered number: 09510196)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Agroisolab UK Limited (Registered number: 09510196)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 March 2023
and 29 February 2024 8,880
AMORTISATION
At 1 March 2023 1,073
Amortisation for year 444
At 29 February 2024 1,517
NET BOOK VALUE
At 29 February 2024 7,363
At 28 February 2023 7,807

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 1,824 27,618 5,928 9,254 44,624
Additions - 255 918 239 1,412
At 29 February 2024 1,824 27,873 6,846 9,493 46,036
DEPRECIATION
At 1 March 2023 1,824 24,871 4,204 5,993 36,892
Charge for year - 930 566 2,142 3,638
At 29 February 2024 1,824 25,801 4,770 8,135 40,530
NET BOOK VALUE
At 29 February 2024 - 2,072 2,076 1,358 5,506
At 28 February 2023 - 2,747 1,724 3,261 7,732

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,775 93,309
Other debtors 945 1,317
VAT 3,429 -
Prepayments and accrued income 29,083 120,911
93,232 215,537

Agroisolab UK Limited (Registered number: 09510196)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,140 9,890
Shareholder loans 30,000 -
Trade creditors 83,911 104,920
Taxation and social security 5,184 13,853
Other creditors 2,216 2,129
Directors' current accounts 3,693 -
Accruals and deferred income 89,307 260,762
224,451 391,554

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,806 10,140
Bank loans - 2-5 years - 14,806
14,806 24,946

The bank loan is repayable over 6 years, with no repayment due for the first year, at an interest rate of 2.5% commencing after 1 year. The loan is due to mature in June 2026.

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 17,000 5,667
Between one and five years 5,667 -
22,667 5,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
287,234 Ordinary £1 287,234 287,234

Agroisolab UK Limited (Registered number: 09510196)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RELATED PARTY DISCLOSURES

2024 2023
£ £
Amount due to the director 3,693 -

No interest has been charged.



2024 2023
£ £
Amount due to shareholders 30,000 -

No interest has been charged.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Longhand Data Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is Orgreave Farm, Orgreave, Burton-On-Trent, Staffordshire, England, DE13 7DG.