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Registration number: 06715399

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 October 2024

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Company Information

Director | Mr John Noyes Lawton

Registered office | Woodmead Studley Hill Studley Calne SN11 9NL

Accountants | RiverView Portfolio Limited 1 Market Hill Calne Wiltshire SN11 0BT

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

(Registration number: 06715399)
Balance Sheet as at 31 October 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 5 | 307 | 1,070
Current assets |  |  |
Stocks | 6 | 179,484 | 36,387
Debtors | 7 | 277,048 | 126,131
Cash at bank and in hand |  | 20,749 | 214
|  | 477,281 | 162,732
Creditors: Amounts falling due within one year | 8 | (276,870) | (106,828)
Net current assets |  | 200,411 | 55,904
Total assets less current liabilities |  | 200,718 | 56,974
Creditors: Amounts falling due after more than one year | 8 | (24,222) | -
Provisions for liabilities |  | (56,093) | (56,093)
Net assets |  | 120,403 | 881
Capital and reserves |  |  |
Called up share capital |  | 1,000 | 1,000
Retained earnings |  | 119,403 | (119)
Shareholders' funds |  | 120,403 | 881

For the financial year ending 31 October 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 8 April 2026

......................................... Mr John Noyes Lawton Director

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
Woodmead Studley Hill
Studley
Calne
SN11 9NL

These financial statements were authorised for issue by the director on 8 April 2026.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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 income 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.

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2 | Accounting policies (continued)

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
Plant and Machinery | 25% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
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 inventories 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

2 | Accounting policies (continued)

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2024 £ | 2023 £
Depreciation expense | 763 | 980

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 November 2023 | 7,308 | 7,308
At 31 October 2024 | 7,308 | 7,308
Depreciation
At 1 November 2023 | 6,238 | 6,238
Charge for the year | 763 | 763
At 31 October 2024 | 7,001 | 7,001
Carrying amount
At 31 October 2024 | 307 | 307
At 31 October 2023 | 1,070 | 1,070

6 | Stocks

| 2024 £ | 2023 £
Work in progress | 59,074 | -
Other inventories | 120,410 | 36,387
| 179,484 | 36,387

7 | Debtors

Current | Note | 2024 £ | 2023 £
Trade debtors |  | 213,229 | 69,155
Amounts owed by related parties |  | 732 | 765
Prepayments |  | 6,996 | 119
Other debtors |  | 56,091 | 56,092
|  | 277,048 | 126,131

Agricultural Technology (Middle East) Company Limited
trading as Agricultural Technology (Middle East) Company Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024 (continued)

8 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 58,890 | -
Taxation and social security | 72,013 | 21,971
Accruals and deferred income | 16,344 | 3,926
Other creditors | 129,623 | 80,931
| 276,870 | 106,828

Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
Due after one year |  |
Other financial liabilities | 24,222 | -