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REGISTERED NUMBER: 11523007 (England and Wales)












Financial Statements

for the Year Ended 30 April 2024

for

Gro-Agri Ltd

Gro-Agri Ltd (Registered number: 11523007)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gro-Agri Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr T J Hough
Mr C G Barber





SECRETARY:





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 11523007 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Gro-Agri Ltd (Registered number: 11523007)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 251,707 313,692

CURRENT ASSETS
Debtors 5 1,251,220 1,228,304
Cash at bank 1,111,725 1,161,361
2,362,945 2,389,665
CREDITORS
Amounts falling due within one year 6 1,824,010 1,798,969
NET CURRENT ASSETS 538,935 590,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,642

904,388

PROVISIONS FOR LIABILITIES 9,302 10,173
NET ASSETS 781,340 894,215

CAPITAL AND RESERVES
Called up share capital 70 70
Other reserves (21,502 ) 52,748
Retained earnings 802,772 841,397
SHAREHOLDERS' FUNDS 781,340 894,215

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.

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 29 January 2025 and were signed on its behalf by:




Mr C G Barber - Director



Mr T J Hough - Director


Gro-Agri Ltd (Registered number: 11523007)

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


1. STATUTORY INFORMATION

Gro-Agri 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

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 etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 8 ) .

Gro-Agri Ltd (Registered number: 11523007)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 May 2023 334,661
Additions 21,745
Impairments (74,250 )
At 30 April 2024 282,156
DEPRECIATION
At 1 May 2023 20,969
Charge for year 9,480
At 30 April 2024 30,449
NET BOOK VALUE
At 30 April 2024 251,707
At 30 April 2023 313,692

Cost or valuation at 30 April 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 334,661
Valuation in 2024 (52,505 )
282,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,235,057 1,212,083
Other debtors 16,163 16,221
1,251,220 1,228,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,874 35,633
Hire purchase contracts 7,961 30,303
Trade creditors 1,673,370 1,620,109
Taxation and social security 107,573 103,545
Other creditors 10,232 9,379
1,824,010 1,798,969