Company Registration number: 03134840

Agrigroup Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 8

Agrigroup Limited

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	2,232,982	2,382,519
Current assets
Stocks	7	13,596	64,081
Debtors	8	379,970	493,101
Cash at bank and in hand		391,988	74,233
		785,554	631,415
Creditors: Amounts falling due within one year	9	(737,940)	(679,591)
Net current assets/(liabilities)		47,614	(48,176)
Total assets less current liabilities		2,280,596	2,334,343
Provisions for liabilities		(351,021)	(368,079)
Net assets		1,929,575	1,966,264
Capital and reserves
Called up share capital		100	100
Other reserves		100	100
Retained earnings		1,929,375	1,966,064
Shareholders' funds		1,929,575	1,966,264

Agrigroup Limited

Balance Sheet as at 31 March 2025 (continued)

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.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 03134840

Approved and authorised by the director on 18 December 2025
 

......................................... Mr H Johnston Director

Agrigroup Limited

Notes to the 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 and Wales.

The address of its registered office is:
Dalmar House
Barras Lane Estate
Dalston
Carlisle
CA5 7NY

These financial statements were authorised for issue by the director on 18 December 2025.

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 convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Judgements and key sources of estimation uncertainty and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tax

The tax expense for the period comprises corporation 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.
 

Agrigroup Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

The current corporation 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 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
Tractors and Machinery	12% reducing balance
Fixtures and Fittings	12% straight line
Motor Vehicles	25% reducing balance
Office Equipment	15% reducing balance

No depreciation has been provided for on the land and property as it is kept in a sound state of repair and in the opinion of the directors the residual value is so high and the useful economic life so long that the depreciation charge would be immaterial. This is not in accordance with FRS 102 Section 1A. The departure from the provisions of FRS 102 Section 1A is required in order to give a true and fair view.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Agrigroup Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

2	ACCOUNTING POLICIES (continued)

Asset class	Amortisation method and rate
Goodwill	10 years straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet
as assets and liabilities at the lower of the fair value of the assets and the present value of the
minimum lease payments, which is determined at the inception of the lease term. Any initial
direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding
lease liability using the effective interest method. Finance charges are allocated to each period so
as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, and impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in the profit or loss immediately to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
 Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
 Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

Agrigroup Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

4	LOSS BEFORE TAX

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	96,457	105,345

5	INTANGIBLE ASSETS

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	45,600	45,600
At 31 March 2025	45,600	45,600
Amortisation
At 1 April 2024	45,600	45,600
At 31 March 2025	45,600	45,600
Carrying amount
At 31 March 2025	-	-

Agrigroup Limited

Notes to the financial statements for the Year Ended 31 March 2025 (continued)

7

STOCKS

	2025 £	2024 £
Stock	13,596	64,081

8

DEBTORS

Current	2025 £	2024 £
Trade debtors	253,038	337,566
Other debtors	126,932	155,535
	379,970	493,101

9

CREDITORS

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	33,364	43,260
Taxation and social security	31,219	13,632
Accruals and deferred income	494,306	490,323
Other creditors	179,051	132,376
	737,940	679,591