D.P. Agri Limited 31/08/2022 iXBRL
D.P. Agri Limited 31/08/2022 iXBRL
Company registration number:
06328319
Unaudited filleted abridged financial statements
for the year ended
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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Office 8 The Barns | ||
Caddsdown Industrial Park | ||
Bideford | ||
Devon | ||
EX39 3BT | ||
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of D.P. Agri Limited
Year ended 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D.P. Agri Limited for the year ended 31 August 2022 which comprise the abridged 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 D.P. Agri 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 D.P. Agri 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 D.P. Agri Limited and its director as a body for our work or for this report.
It is your duty to ensure that D.P. Agri 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 D.P. Agri Limited. You consider that D.P. Agri 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 D.P. Agri 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.
Chartered Accountants
Office 8 The Barns
Caddsdown Industrial Park
Bideford
Devon
EX39 3BT
30 May 2023
Abridged statement of financial position
31 August 2022
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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
30 May 2023
, and are signed on behalf of the board by:
Director
Company registration number:
06328319
Notes to the financial statements
Year ended 31 August 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales, company registration number
06328319
. The address of the registered office is Alverdiscott Road, Gammaton Road, Bideford, Devon, EX39 4FG.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred tax is recognised in respect of all timing differences at the reporting date. 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.
Foreign currencies
Operating leases
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - | 10 years |
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Impairment
Stocks
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2021:
10
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5.
Intangible assets
£ | ||
Cost | ||
At 1 September 2021 and 31 August 2022 |
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Amortisation | ||
At 1 September 2021 |
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Charge for the year |
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At 31 August 2022 |
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Carrying amount | ||
At 31 August 2022 |
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At 31 August 2021 |
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6.
Tangible assets
£ | ||
Cost | ||
At 1 September 2021 |
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Additions |
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Disposals |
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At 31 August 2022 |
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Depreciation | ||
At 1 September 2021 |
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Charge for the year |
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Disposals |
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At 31 August 2022 |
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Carrying amount | ||
At 31 August 2022 |
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At 31 August 2021 |
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7.
Creditors: amounts falling due within one year
The company's overdraft is secured on company assets by fixed and floating charges. The hire purchase liabilities are secured on the assets to which they relate.