Agri Prestige Ltd 14065684 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is was the sale of motor vehicles, however the company has not traded in this current period. Digita Accounts Production Advanced 6.30.9574.0 true true 14065684 2023-05-01 2024-04-30 14065684 2024-04-30 14065684 core:CurrentFinancialInstruments 2024-04-30 14065684 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14065684 bus:SmallEntities 2023-05-01 2024-04-30 14065684 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14065684 bus:FilletedAccounts 2023-05-01 2024-04-30 14065684 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14065684 bus:RegisteredOffice 2023-05-01 2024-04-30 14065684 bus:Director1 2023-05-01 2024-04-30 14065684 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14065684 countries:AllCountries 2023-05-01 2024-04-30 14065684 2022-04-25 2023-04-30 14065684 2023-04-30 14065684 core:CurrentFinancialInstruments 2023-04-30 14065684 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 14065684

Agri Prestige Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Agri Prestige Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Agri Prestige Ltd

(Registration number: 14065684)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

-

1

Creditors: Amounts falling due within one year

5

(1,592)

(1,053)

Net liabilities

 

(1,592)

(1,052)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,593)

(1,053)

Shareholders' deficit

 

(1,592)

(1,052)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

.........................................
S R Baggs
Director

 

Agri Prestige Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

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

The address of its registered office is:
Whitbourne Farm
Corsley
Warminster
Wiltshire
BA12 7QJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Agri Prestige Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4

Debtors

2024
£

2023
£

Other debtors

-

1

-

1

 

Agri Prestige Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

-

10

Accruals and deferred income

 

360

360

Other creditors

 

1,232

683

 

1,592

1,053

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

10

7

Related party transactions

During the period there were company expenses funded by another company in which the director is sole director and majority shareholder. At the Balance Sheet date the amount owed by the company was £1,223 (2023: £683).