Agri Corp Limited 05/04/2025 iXBRL

Company registration number: 06024854

Agri Corp Limited

Unaudited filleted financial statements

05 April 2025

Agri Corp Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Agri Corp Limited

Directors and other information


	Director	Mr J D Mountain


	Secretary	J D Mountain


	Company number	06024854


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE


	Accountants	Hicks and Company
		Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE

Agri Corp Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Agri Corp Limited

Year ended 5 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Agri Corp Limited for the year ended 5 April 2025 which comprise the statement of financial position and related notes 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 http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Agri Corp Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Agri Corp Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agri Corp Limited and its director as a body for our work or for this report.

It is your duty to ensure that Agri Corp Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Agri Corp Limited. You consider that Agri Corp Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Agri Corp Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

22 December 2025

Agri Corp Limited

Statement of financial position

5 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	836,731		835,709
		_______		_______
			836,731		835,709

Current assets
Stocks		3,500		3,500
Debtors	5	7,892		16,120
Cash at bank and in hand		3,644		-
		_______		_______
		15,036		19,620
Creditors: amounts falling due
within one year	6	( 845,714)		( 852,657)
		_______		_______
Net current liabilities			( 830,678)		( 833,037)
			_______		_______
Total assets less current liabilities			6,053		2,672


Provisions for liabilities			( 2,000)		( 2,700)

			_______		_______
Net assets/(liabilities)			4,053		( 28)
			_______		_______

Capital and reserves
Called up share capital			1		1
Profit and loss account			4,052		( 29)
			_______		_______
Shareholders funds/(deficit)			4,053		( 28)
			_______		_______

For the year ending 05 April 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr J D Mountain

Director

Company registration number: 06024854

Agri Corp Limited

Notes to the financial statements

Year ended 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts are prepared on a going concern basis which assumes the continued support of the company's creditors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold properties	-	Straight line over the life of the lease
Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised retrospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Short leasehold property	Plant and machinery	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 6 April 2024	931,172	52,472	8,996	7,540	1,000,180
Additions	23,235	-	-	-	23,235
	_______	_______	_______	_______	_______
At 5 April 2025	954,407	52,472	8,996	7,540	1,023,415
	_______	_______	_______	_______	_______
Depreciation
At 6 April 2024	109,824	40,275	8,320	6,052	164,471
Charge for the year	18,623	3,050	169	371	22,213
	_______	_______	_______	_______	_______
At 5 April 2025	128,447	43,325	8,489	6,423	186,684
	_______	_______	_______	_______	_______
Carrying amount
At 5 April 2025	825,960	9,147	507	1,117	836,731
	_______	_______	_______	_______	_______
At 5 April 2024	821,348	12,197	676	1,488	835,709
	_______	_______	_______	_______	_______

5. Debtors

	2025	2024
	£	£
Trade debtors	( 7,781)	( 951)
Other debtors	15,673	17,071
	_______	_______
	7,892	16,120
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,696	25,587
Trade creditors	3,477	-
Corporation tax	6,004	12,451
Social security and other taxes	5,182	1,565
Other creditors	815,355	813,054
	_______	_______
	845,714	852,657
	_______	_______

7. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr J D Mountain	( 214,037)	44,995	( 169,042)
		_______	_______	_______

2024
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	Mr J D Mountain	( 239,213)	25,176	( 214,037)
		_______	_______	_______