Agriline Products Holdings Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08279694 (England and Wales)

AGRILINE PRODUCTS HOLDINGS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Mr N R Rands

Mr O G Stiley

REGISTERED OFFICE:

Grasmere Cottage

Lower Bentley Lane

Lower Bentley

Bromsgrove

Worcestershire

B60 4JB

REGISTERED NUMBER:

08279694 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

HSBC Bank plc

Haydon House

Alcester Road

Studley

Warwickshire

B80 7AN

FIXED ASSETS

Tangible assets

2

19,600

-

Investments

3

2,514,083

2,513,101

Investment property

4

238,780

-

2,772,463

2,513,101

CURRENT ASSETS

Debtors

55,070

-

Cash at bank

12,732

74,000

67,802

74,000

CREDITORS

Amounts falling due within one year

5

1,862,892

2,056,559

NET CURRENT LIABILITIES

(1,795,090

)

(1,982,559

)

TOTAL ASSETS LESS CURRENT LIABILITIES

977,373

530,542

CREDITORS

Amounts falling due after more than one year

5

154,695

-

NET ASSETS

822,678

530,542

CAPITAL AND RESERVES

Called up share capital

6

800

800

Profit and loss account

821,878

529,742

SHAREHOLDERS' FUNDS

822,678

530,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25th June 2015 and were signed on its behalf by:

Mr N R Rands - Director

Mr O G Stiley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Agriline Products Holdings Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with FRSSE (effective April 2008) paragraph 6.50, no depreciation or amortisation is provided in

respect of investment property.

This treatment may be a departure from the requirements of the Companies Act 2006 concerning depreciation of

fixed assets. However, the investment property is not held for consumption but for investment and the members

consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore

necessary for the accounts to give a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Fixed asset investments

Fixed asset investments are stated at cost.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

20,000

At 30th April 2015

20,000

DEPRECIATION

Charge for year

400

At 30th April 2015

400

NET BOOK VALUE

At 30th April 2015

19,600

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st May 2014

2,513,101

Additions

982

At 30th April 2015

2,514,083

NET BOOK VALUE

At 30th April 2015

2,514,083

At 30th April 2014

2,513,101

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Agriline Products Limted

Nature of business: Provision of tractor spares

%

Class of shares:

holding

Ordinary A

100.00

Ordinary C

100.00

2015

31/3/14

£

£

Aggregate capital and reserves

1,147,815

789,488

Profit for the year

388,127

385,161

Agrilife Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary A

100.00

The aggregate share capital and reserves and results for the year of the subsidiary undertakings are as disclosed

in those company's financial statements.

Woodland Contractors Limited

Nature of business: Property development and letting

%

Class of shares:

holding

Ordinary

100.00

The aggregate share capital and reserves and results for the year of the subsidiary undertakings are as disclosed

in those company's financial statements.

4.	INVESTMENT PROPERTY

Total

£

COST

Additions

238,780

At 30th April 2015

238,780

NET BOOK VALUE

At 30th April 2015

238,780

5.

CREDITORS

Creditors include an amount of £ 170,814 for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

83,886

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

Ordinary A

£1.00

500

500

100

Ordinary B

£1.00

100

100

100

Ordinary C

£1.00

100

100

100

Ordinary D

£1.00

100

100

800

800

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Agriline Products Holdings Limited for the year ended 30th April 2015 which comprise the

Profit and Loss Account, the Balance Sheet and the 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Agriline Products Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Agriline Products Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Agriline Products Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Agriline Products Holdings 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 Agriline Products Holdings Limited. You consider that Agriline Products Holdings 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 Agriline Products Holdings

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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

25th June 2015