0 0 Agrivi Ltd 09058697 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Support activities for crop production. Digita Accounts Production Advanced 6.30.9574.0 true 09058697 2024-01-01 2024-12-31 09058697 2024-12-31 09058697 core:CurrentFinancialInstruments 2024-12-31 09058697 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09058697 core:OtherResidualIntangibleAssets 2024-12-31 09058697 core:OfficeEquipment 2024-12-31 09058697 bus:SmallEntities 2024-01-01 2024-12-31 09058697 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09058697 bus:FilletedAccounts 2024-01-01 2024-12-31 09058697 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09058697 bus:RegisteredOffice 2024-01-01 2024-12-31 09058697 bus:Director1 2024-01-01 2024-12-31 09058697 bus:Director2 2024-01-01 2024-12-31 09058697 bus:Director3 2024-01-01 2024-12-31 09058697 bus:Director4 2024-01-01 2024-12-31 09058697 bus:Director5 2024-01-01 2024-12-31 09058697 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09058697 bus:Agent1 2024-01-01 2024-12-31 09058697 core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 09058697 core:OfficeEquipment 2024-01-01 2024-12-31 09058697 countries:EnglandWales 2024-01-01 2024-12-31 09058697 2023-12-31 09058697 core:OfficeEquipment 2023-12-31 09058697 2023-01-01 2023-12-31 09058697 2023-12-31 09058697 core:CurrentFinancialInstruments 2023-12-31 09058697 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09058697 core:OfficeEquipment 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 09058697

Agrivi Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Agrivi Ltd

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3

Notes to the Unaudited Financial Statements

4 to 8

 

Agrivi Ltd

Company Information

Directors

M Zulj

J Mikuz

M Knezovic

R Blott

D Novoselec

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Innovi Advisors Ltd
Chartered Certified Accountants163 Herne Hill
London
SE24 9LR

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Agrivi Ltd
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agrivi Ltd for the year ended 31 December 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 Agrivi Ltd, 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 Agrivi Ltd and state those matters that we have agreed to state to the Board of Directors of Agrivi Ltd, 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 Agrivi Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Agrivi Ltd 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 Agrivi Ltd. You consider that Agrivi Ltd 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 Agrivi Ltd. 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

27 February 2025

 

Agrivi Ltd

(Registration number: 09058697)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

347,955

-

Tangible assets

5

839

839

Investments

6

2,618,605

2,618,605

 

2,967,399

2,619,444

Current assets

 

Debtors

7

1,007,147

686,147

Cash at bank and in hand

 

37,538

2,087

 

1,044,685

688,234

Creditors: Amounts falling due within one year

8

(1,459,755)

(3,396,228)

Net current liabilities

 

(415,070)

(2,707,994)

Net assets/(liabilities)

 

2,552,329

(88,550)

Capital and reserves

 

Called up share capital

326

326

Share premium reserve

3,295,256

3,295,256

Retained earnings

(743,253)

(3,384,132)

Shareholders' funds/(deficit)

 

2,552,329

(88,550)

For the financial year ending 31 December 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 27 February 2025 and signed on its behalf by:
 

M Zulj
Director

   
     
 

Agrivi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
20-22 Wenlock Road
London
N1 7GU
England

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.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Agrivi Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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

Office equipment

Straight line method @ 3 years

Intangible assets

Separately acquired software are shown at historical cost.

Software and customer-related other intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Software and customer-related other intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

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 income statement 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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

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

 

Agrivi Ltd

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

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

Additions acquired separately

347,955

347,955

At 31 December 2024

347,955

347,955

Amortisation

Carrying amount

At 31 December 2024

347,955

347,955

 

Agrivi Ltd

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

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 January 2024

2,325

2,325

At 31 December 2024

2,325

2,325

Depreciation

At 1 January 2024

(65)

(65)

Charge for the year

1,551

1,551

At 31 December 2024

1,486

1,486

Carrying amount

At 31 December 2024

839

839

At 31 December 2023

839

839

6

Investments

2024
£

2023
£

Other investments

2,618,605

2,618,605

7

Debtors

2024
£

2023
£

Trade debtors

566,171

449,839

Prepayments

10,758

28,250

Other debtors

430,218

208,058

1,007,147

686,147

 

Agrivi Ltd

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

213,341

-

Trade creditors

 

727,744

2,853,839

Accruals and deferred income

 

28,862

14,083

Other creditors

 

489,808

528,306

 

1,459,755

3,396,228

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

213,341

-