Company Registration No. 04671688 (England and Wales)
Agritec International Ltd
Unaudited accounts
for the year ended 31 December 2024
Agritec International Ltd
Unaudited accounts
Contents
Agritec International Ltd
Company Information
for the year ended 31 December 2024
Directors
Laura Gresty
Peter Gresty
Mary Gresty
Company Number
04671688 (England and Wales)
Registered Office
Owls Dene Rawcliffe Road
St. Michaels
Preston
PR3 0UE
England
Agritec International Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
168,467
196,946
Cash at bank and in hand
988,750
1,203,189
Creditors: amounts falling due within one year
(589,376)
(563,587)
Net current assets
1,212,928
1,366,275
Total assets less current liabilities
1,892,646
1,563,221
Creditors: amounts falling due after more than one year
-
(6,200)
Provisions for liabilities
Deferred tax
(17,352)
(24,804)
Net assets
1,875,294
1,532,217
Called up share capital
100
100
Profit and loss account
1,875,194
1,532,117
Shareholders' funds
1,875,294
1,532,217
For the 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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 September 2025 and were signed on its behalf by
Peter Gresty
Director
Company Registration No. 04671688
Agritec International Ltd
Notes to the Accounts
for the year ended 31 December 2024
Agritec International Ltd is a private company, limited by shares, registered in England and Wales, registration number 04671688. The registered office is Owls Dene Rawcliffe Road, St. Michaels, Preston, PR3 0UE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
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 accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on cost
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
30% on reducing balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Agritec International Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Total
At 31 December 2024
280,265
Charge for the year
25,878
At 31 December 2024
111,798
At 31 December 2024
168,467
At 31 December 2023
196,946
The company is a wholly owned subsidiary of Agritec Farms Ltd, which is the ultimate controlling party.
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).