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Company Registration No. 03068280 (England and Wales)
Agriparts (Borders) Limited Unaudited accounts for the year ended 31 December 2024
Agriparts (Borders) Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Agriparts (Borders) Limited Company Information for the year ended 31 December 2024
Directors
Mr M. Iveson Mrs L.M. Iveson
Secretary
Mrs L.M Iveson
Company Number
03068280 (England and Wales)
Registered Office
The Old Post Office Wark Cornhill on Tweed Northumberland TD12 4RE
Accountants
JB Norfolk & Co 12 Chatsworth Grove Boroughbridge York North Yorkshire YO51 9BB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Agriparts (Borders) Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agriparts (Borders) Limited for the year ended 31 December 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
JB Norfolk & Co Chartered Accountants 12 Chatsworth Grove Boroughbridge York North Yorkshire YO51 9BB 17 September 2025
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Agriparts (Borders) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
330,919 
18,551 
Investments
5
50 
50 
330,969 
18,601 
Current assets
Inventories
372,183 
434,766 
Debtors
6
343,981 
374,233 
Cash at bank and in hand
98,916 
92,248 
815,080 
901,247 
Creditors: amounts falling due within one year
7
(431,729)
(391,025)
Net current assets
383,351 
510,222 
Total assets less current liabilities
714,320 
528,823 
Creditors: amounts falling due after more than one year
8
(144,647)
- 
Net assets
569,673 
528,823 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
569,573 
528,723 
Shareholders' funds
569,673 
528,823 
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.
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 17 September 2025 and were signed on its behalf by
Mr M. Iveson Director Company Registration No. 03068280
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Agriparts (Borders) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Agriparts (Borders) Limited is a private company, limited by shares, registered in England and Wales, registration number 03068280. The registered office is The Old Post Office, Wark, Cornhill on Tweed, Northumberland, TD12 4RE.
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.
3
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
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 January 2024
- 
54,090 
22,559 
20,375 
97,024 
Additions
299,189 
23,000 
- 
3,257 
325,446 
Disposals
- 
(2,500)
- 
- 
(2,500)
At 31 December 2024
299,189 
74,590 
22,559 
23,632 
419,970 
Depreciation
At 1 January 2024
- 
50,370 
13,042 
15,061 
78,473 
Charge for the year
- 
6,055 
2,380 
2,143 
10,578 
At 31 December 2024
- 
56,425 
15,422 
17,204 
89,051 
Net book value
At 31 December 2024
299,189 
18,165 
7,137 
6,428 
330,919 
At 31 December 2023
- 
3,720 
9,517 
5,314 
18,551 
5
Investments
Other investments 
£ 
Valuation at 1 January 2024
50 
Valuation at 31 December 2024
50 
- 6 -
Agriparts (Borders) Limited Notes to the Accounts for the year ended 31 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
338,205 
369,998 
Accrued income and prepayments
1,822 
745 
Other debtors
3,954 
3,490 
343,981 
374,233 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,100 
3,750 
Trade creditors
127,756 
120,184 
Taxes and social security
33,748 
33,407 
Other creditors
27,643 
24,419 
Loans from directors
232,482 
209,265 
431,729 
391,025 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
144,647 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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