1 April 2023 false No description of principal activity Taxfiler 2024.6 06878753business:PrivateLimitedCompanyLtd2023-04-012024-03-31 068787532023-03-31 068787532023-04-012024-03-31 06878753business:AuditExemptWithAccountantsReport2023-04-012024-03-31 06878753business:FilletedAccounts2023-04-012024-03-31 068787532024-03-31 06878753business:Director12023-04-012024-03-31 06878753business:Director22023-04-012024-03-31 06878753business:CompanySecretary12023-04-012024-03-31 06878753business:RegisteredOffice2023-04-012024-03-31 068787532023-03-31 06878753core:WithinOneYear2024-03-31 06878753core:WithinOneYear2023-03-31 06878753core:AfterOneYear2024-03-31 06878753core:AfterOneYear2023-03-31 06878753core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06878753core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06878753core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 06878753core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 06878753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06878753core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06878753core:PreviouslyStatedAmount2024-03-31 06878753core:PreviouslyStatedAmount2023-03-31 06878753business:SmallEntities2023-04-012024-03-31 06878753countries:EnglandWales2023-04-012024-03-31 06878753core:LandBuildings2023-04-012024-03-31 06878753core:PlantMachinery2023-04-012024-03-31 06878753core:MotorVehicles2023-04-012024-03-31 06878753core:FurnitureFittings2023-04-012024-03-31 06878753core:LandBuildings2023-03-31 06878753core:PlantMachinery2023-03-31 06878753core:MotorVehicles2023-03-31 06878753core:FurnitureFittings2023-03-31 06878753core:LandBuildings2024-03-31 06878753core:PlantMachinery2024-03-31 06878753core:MotorVehicles2024-03-31 06878753core:FurnitureFittings2024-03-31 06878753core:AfterOneYear2023-04-012024-03-31 068787532022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06878753 (England and Wales)
Agri Plant Solutions Limited Unaudited accounts for the year ended 31 March 2024
Agri Plant Solutions Limited Unaudited accounts Contents
Page
- 2 -
Agri Plant Solutions Limited Company Information for the year ended 31 March 2024
Directors
Mrs H Sutton M J Sutton
Secretary
Mrs H Sutton
Company Number
06878753 (England and Wales)
Registered Office
4 Hrfc Business Centre Leicester Road Hinckley Leicestershire LE10 3DR United Kingdom
Accountants
Expand Accounts - Accountants & Business Advisers Limited
- 3 -
Agri Plant Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,933,833 
2,477,053 
Current assets
Inventories
57,584 
57,584 
Debtors
706,676 
717,940 
Cash at bank and in hand
230,017 
133,281 
994,277 
908,805 
Creditors: amounts falling due within one year
(1,587,459)
(1,560,236)
Net current liabilities
(593,182)
(651,431)
Total assets less current liabilities
2,340,651 
1,825,622 
Creditors: amounts falling due after more than one year
(1,129,951)
(995,083)
Provisions for liabilities
Deferred tax
(690,566)
(231,329)
Net assets
520,134 
599,210 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
49,095 
49,095 
Profit and loss account
470,039 
549,115 
Shareholders' funds
520,134 
599,210 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by
M J Sutton Director Company Registration No. 06878753
- 4 -
Agri Plant Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Agri Plant Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 06878753. The registered office is 4 Hrfc Business Centre, Leicester Road, Hinckley, Leicestershire, LE10 3DR, United Kingdom.
2
Accounting policies
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land & buildings
10%
Plant & machinery
5%
Motor vehicles
15%
Fixtures & fittings
10% and 15%
Inventories
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Deferred taxation
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
- 5 -
Agri Plant Solutions Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
3
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
30,595 
2,853,405 
191,299 
26,907 
3,102,206 
Additions
60,885 
649,276 
130,584 
1,699 
842,444 
Disposals
- 
(187,800)
(60,962)
- 
(248,762)
At 31 March 2024
91,480 
3,314,881 
260,921 
28,606 
3,695,888 
Depreciation
At 1 April 2023
11,892 
509,116 
83,998 
20,147 
625,153 
Charge for the year
3,080 
143,575 
36,337 
940 
183,932 
On disposals
- 
(20,468)
(26,562)
- 
(47,030)
At 31 March 2024
14,972 
632,223 
93,773 
21,087 
762,055 
Net book value
At 31 March 2024
76,508 
2,682,658 
167,148 
7,519 
2,933,833 
At 31 March 2023
18,703 
2,344,289 
107,301 
6,760 
2,477,053 
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
82,706 
114,814 
Trade debtors
605,604 
595,623 
Accrued income and prepayments
18,366 
7,503 
706,676 
717,940 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
40,534 
33,900 
Obligations under finance leases and hire purchase contracts
455,624 
386,365 
Trade creditors
223,291 
206,909 
Amounts owed to group undertakings and other participating interests
798,000 
798,000 
Taxes and social security
34,633 
3,350 
Other creditors
986 
2,616 
Loans from directors
34,391 
55,092 
Accruals
- 
2,600 
Deferred income
- 
71,404 
1,587,459 
1,560,236 
- 6 -
Agri Plant Solutions Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,196 
27,143 
Obligations under finance leases and hire purchase contracts
1,110,755 
967,940 
1,129,951 
995,083 
Hire purchase loans are secured against the asset they relate to.
7
Controlling party
The company is controlled by Mr M J and Mrs H Sutton who own the entire issued share capital of the company.
8
Average number of employees
During the year the average number of employees was 8 (2023: 6).
- 7 -