Agrico Engineering (Sales) Limited 02177993 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is design and manufacture of specialised equipment for the agricultural and waste water industries Digita Accounts Production Advanced 6.30.9574.0 true 02177993 2024-04-01 2025-03-31 02177993 2025-03-31 02177993 core:RetainedEarningsAccumulatedLosses 2025-03-31 02177993 core:ShareCapital 2025-03-31 02177993 core:SharePremium 2025-03-31 02177993 core:CurrentFinancialInstruments 2025-03-31 02177993 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02177993 core:FurnitureFittings 2025-03-31 02177993 core:MotorVehicles 2025-03-31 02177993 core:OtherPropertyPlantEquipment 2025-03-31 02177993 bus:SmallEntities 2024-04-01 2025-03-31 02177993 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02177993 bus:FilletedAccounts 2024-04-01 2025-03-31 02177993 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02177993 bus:RegisteredOffice 2024-04-01 2025-03-31 02177993 bus:Director2 2024-04-01 2025-03-31 02177993 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02177993 core:FurnitureFittings 2024-04-01 2025-03-31 02177993 core:MotorVehicles 2024-04-01 2025-03-31 02177993 core:OfficeEquipment 2024-04-01 2025-03-31 02177993 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 02177993 core:PlantMachinery 2024-04-01 2025-03-31 02177993 countries:AllCountries 2024-04-01 2025-03-31 02177993 2024-03-31 02177993 core:FurnitureFittings 2024-03-31 02177993 core:MotorVehicles 2024-03-31 02177993 core:OtherPropertyPlantEquipment 2024-03-31 02177993 2023-04-01 2024-03-31 02177993 2024-03-31 02177993 core:RetainedEarningsAccumulatedLosses 2024-03-31 02177993 core:ShareCapital 2024-03-31 02177993 core:SharePremium 2024-03-31 02177993 core:CurrentFinancialInstruments 2024-03-31 02177993 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02177993 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2024-03-31 02177993 core:FurnitureFittings 2024-03-31 02177993 core:MotorVehicles 2024-03-31 02177993 core:OtherPropertyPlantEquipment 2024-03-31 02177993 core:PreviouslyStatedAmount 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 02177993

Agrico Engineering (Sales) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Agrico Engineering (Sales) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Agrico Engineering (Sales) Limited

(Registration number: 02177993)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

46,310

21,886

Current assets

 

Stocks

256,559

259,541

Debtors

5

290,253

250,703

Cash at bank and in hand

 

1,372,598

1,111,296

 

1,919,410

1,621,540

Creditors: Amounts falling due within one year

6

(546,813)

(470,181)

Net current assets

 

1,372,597

1,151,359

Total assets less current liabilities

 

1,418,907

1,173,245

Provisions for liabilities

(3,760)

(5,163)

Net assets

 

1,415,147

1,168,082

Capital and reserves

 

Called up share capital

102

102

Share premium reserve

9,970

9,970

Retained earnings

1,405,075

1,158,010

Shareholders' funds

 

1,415,147

1,168,082

 

Agrico Engineering (Sales) Limited

(Registration number: 02177993)
Balance Sheet as at 31 March 2025

For the financial 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 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 and 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 Profit and Loss Account.

Approved and authorised by the Board on 17 June 2025 and signed on its behalf by:
 

.........................................
Mr J Tame
Director

 

Agrico Engineering (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Unit 18
Raleigh Industrial Estate
Eccleshall
Staffs.
Staffs
ST21 6JL
United Kingdom

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. These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of specialised equipment for the agricultural and waste water industries . Turnover is shown net of value added tax and discounts. Revenue is recognised at the point of sale and recorded accordingly.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Agrico Engineering (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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.

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

Plant & machinery

15% reducing balance basis

Office equipment

20% straight line basis

Motor vehicles

25% reducing balance basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Agrico Engineering (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 April 2024

5,095

75,855

8,283

89,233

Additions

-

33,263

-

33,263

Disposals

-

(21,155)

-

(21,155)

At 31 March 2025

5,095

87,963

8,283

101,341

Depreciation

At 1 April 2024

2,768

60,051

4,528

67,347

Charge for the year

820

4,631

564

6,015

Eliminated on disposal

-

(18,331)

-

(18,331)

At 31 March 2025

3,588

46,351

5,092

55,031

Carrying amount

At 31 March 2025

1,507

41,612

3,191

46,310

At 31 March 2024

2,327

15,804

3,755

21,886

5

Debtors

Current

2025
£

2024
£

Trade debtors

287,034

247,948

Other debtors

3,219

2,755

 

290,253

250,703

 

Agrico Engineering (Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

113,138

42,053

Amounts owed to group undertakings and undertakings in which the company has a participating interest

40,175

40,175

Taxation and social security

156,762

101,659

Other creditors

236,738

286,294

546,813

470,181