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Registration number: 08295643

Agro-Vital UK Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Agro-Vital UK Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 4

 

Agro-Vital UK Limited

(Registration number: 08295643)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

9,066

11,337

Current assets

 

Stocks

112,797

444,777

Debtors

398,652

111,972

Cash at bank and in hand

 

149,795

545,222

 

661,244

1,101,971

Creditors: Amounts falling due within one year

(58,801)

(78,753)

Net current assets

 

602,443

1,023,218

Total assets less current liabilities

 

611,509

1,034,555

Creditors: Amounts falling due after more than one year

-

(426,332)

Provisions for liabilities

(1,723)

(2,154)

Net assets

 

609,786

606,069

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

609,686

605,969

Total equity

 

609,786

606,069

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.

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 and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 5 June 2025 and signed on its behalf by:
 

Ms F R Box
Director

Mr A J Sincock
Director

 
     
 

Agro-Vital UK Limited

Notes to the Unaudited Abridged 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:
Ebear Farm
Westleigh
Tiverton
Devon
EX16 7HN

These financial statements were authorised for issue by the Board on 5 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

Agro-Vital UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

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

Furniture, fitting and equipment

25% reducing balance

Motor vehicles

20% reducing balance

Other property, plant and equipment

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 11).

4

Tangible assets

Total
£

Cost or valuation

At 1 January 2024

26,667

Additions

751

At 31 December 2024

27,418

Depreciation

At 1 January 2024

15,330

Charge for the year

3,022

At 31 December 2024

18,352

Carrying amount

At 31 December 2024

9,066

At 31 December 2023

11,337

 

Agro-Vital UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5

Related party transactions

Summary of transactions with other related parties

Agro-Vital UK Limited has provided funds to an associated company of £66,621 (2023: £Nil). No interest has been charged on the balance and the total amount is repayable on demand.

Agro-Vital UK Limited has provided funds to another associated company of £47,566 (2023: £Nil). No interest has been charged on the balance and the total amount is repayable on demand.

Agro-Vital UK Limited has provided funds to another associated company of £103,699 (2023: £Nil). No interest has been charged on the balance and the total amount is repayable on demand.

 

6

Parent and ultimate parent undertaking

The company's immediate parent is Sustainable Agricultural Holdings Ltd, incorporated in England & Wales.

  These financial statements are available upon request from Ebear Farm, Westleigh, Tiverton, Devon, EX16 7HN