4 01/04/2024 31/03/2025 2025-03-31 false false false false false false false true false false true false false false true true true false No description of principal activities is disclosed 2024-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09668524 2024-04-01 2025-03-31 09668524 2025-03-31 09668524 2024-03-31 09668524 2023-04-01 2024-03-31 09668524 2024-03-31 09668524 2023-03-31 09668524 core:PlantMachinery 2024-04-01 2025-03-31 09668524 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09668524 core:MotorVehicles 2024-04-01 2025-03-31 09668524 bus:Director1 2024-04-01 2025-03-31 09668524 core:NetGoodwill 2025-03-31 09668524 core:PlantMachinery 2024-03-31 09668524 core:FurnitureFittingsToolsEquipment 2024-03-31 09668524 core:MotorVehicles 2024-03-31 09668524 core:PlantMachinery 2025-03-31 09668524 core:FurnitureFittingsToolsEquipment 2025-03-31 09668524 core:MotorVehicles 2025-03-31 09668524 core:WithinOneYear 2025-03-31 09668524 core:WithinOneYear 2024-03-31 09668524 core:AfterOneYear 2025-03-31 09668524 core:AfterOneYear 2024-03-31 09668524 core:ShareCapital 2025-03-31 09668524 core:ShareCapital 2024-03-31 09668524 core:RetainedEarningsAccumulatedLosses 2025-03-31 09668524 core:RetainedEarningsAccumulatedLosses 2024-03-31 09668524 core:NetGoodwill 2024-03-31 09668524 core:PlantMachinery 2024-03-31 09668524 core:FurnitureFittingsToolsEquipment 2024-03-31 09668524 core:MotorVehicles 2024-03-31 09668524 bus:SmallEntities 2024-04-01 2025-03-31 09668524 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09668524 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09668524 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09668524 bus:FullAccounts 2024-04-01 2025-03-31
Company registration number: 09668524
Agri Parts and Accessories Limited
Unaudited filleted financial statements
31 March 2025
Agri Parts and Accessories Limited
Contents
Statement of financial position
Notes to the financial statements
Agri Parts and Accessories Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 45,196 57,032
_______ _______
45,196 57,032
Current assets
Stocks 121,067 131,479
Debtors 5 86,313 66,142
Cash at bank and in hand 122,378 94,109
_______ _______
329,758 291,730
Creditors: amounts falling due
within one year 6 ( 89,777) ( 55,202)
_______ _______
Net current assets 239,981 236,528
_______ _______
Total assets less current liabilities 285,177 293,560
Creditors: amounts falling due
after more than one year 7 ( 35,225) ( 38,208)
Provisions for liabilities ( 11,299) ( 11,834)
_______ _______
Net assets 238,653 243,518
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 238,553 243,418
_______ _______
Shareholders funds 238,653 243,518
_______ _______
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
Mr C Bennett
Director
Company registration number: 09668524
Agri Parts and Accessories Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
Agri Parts and Accessories Limited (Company number 09668524 ) is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 West Court, Enterprise Road, Maidstone, Kent, ME15 6JD.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 33 % straight line
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
2. Employee numbers
The average number of persons employed by the company, including directors, during the year amounted to 4 (2024: 4).
3. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2024 and 31 March 2025 29,000 29,000
_______ _______
Amortisation
At 1 April 2024 and 31 March 2025 29,000 29,000
_______ _______
Carrying amount
At 31 March 2025 - -
_______ _______
At 31 March 2024 - -
_______ _______
4. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 7,500 2,721 53,071 63,292
Additions - 2,529 - 2,529
_______ _______ _______ _______
At 31 March 2025 7,500 5,250 53,071 65,821
_______ _______ _______ _______
Depreciation
At 1 April 2024 4,930 224 1,106 6,260
Charge for the year 644 729 12,992 14,365
_______ _______ _______ _______
At 31 March 2025 5,574 953 14,098 20,625
_______ _______ _______ _______
Carrying amount
At 31 March 2025 1,926 4,297 38,973 45,196
_______ _______ _______ _______
At 31 March 2024 2,570 2,497 51,965 57,032
_______ _______ _______ _______
5. Debtors
2025 2024
£ £
Trade debtors 86,313 66,142
_______ _______
6. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts - 2,644
Trade creditors 43,927 36,707
Corporation tax 25,065 8,245
Social security and other taxes 16,723 3,556
Other creditors 4,062 4,050
_______ _______
89,777 55,202
_______ _______
7. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 35,225 38,208
_______ _______