Crop Drop Ltd 08621311 false 2022-08-01 2023-06-30 2023-06-30 The principal activity of the company is delivering local organic fresh produce Digita Accounts Production Advanced 6.30.9574.0 true 08621311 2022-08-01 2023-06-30 08621311 2023-06-30 08621311 core:RetainedEarningsAccumulatedLosses 2023-06-30 08621311 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 08621311 bus:SmallEntities 2022-08-01 2023-06-30 08621311 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-06-30 08621311 bus:FullAccounts 2022-08-01 2023-06-30 08621311 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-06-30 08621311 bus:RegisteredOffice 2022-08-01 2023-06-30 08621311 bus:CompanySecretary1 2022-08-01 2023-06-30 08621311 bus:Director1 2022-08-01 2023-06-30 08621311 bus:CompanyLimitedByGuarantee 2022-08-01 2023-06-30 08621311 countries:England 2022-08-01 2023-06-30 08621311 2021-08-01 2022-07-31 08621311 2022-07-31 08621311 core:RetainedEarningsAccumulatedLosses 2022-07-31 08621311 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 08621311

Crop Drop Ltd

(A company limited by guarantee)

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2022 to 30 June 2023

 

Crop Drop Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Crop Drop Ltd

Company Information

Director

Miss Rachel Dring

Company secretary

Miss Sanna Ström

Registered office

35 Globe Road
Woodford Green
London
IG8 7NT

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

Crop Drop Ltd

(Registration number: 08621311)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

622

2,858

Cash at bank and in hand

 

5,018

28,017

 

5,640

30,875

Creditors: Amounts falling due within one year

(333)

(19,877)

Net assets

 

5,307

10,998

Capital and reserves

 

Profit and loss account

5,307

10,998

Members' funds

 

5,307

10,998

For the financial period ending 30 June 2023 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 period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 2 October 2023
 

.........................................

Miss Rachel Dring
Director

These financial statements have been 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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Crop Drop Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 June 2023

1

General information

The company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
35 Globe Road
Woodford Green
London
IG8 7NT

These financial statements were authorised for issue by the director on 2 October 2023.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Crop Drop Ltd

Notes to the Unaudited Financial Statements for the Period from 1 August 2022 to 30 June 2023

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.

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.

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 period, was 5 (2022 - 4).