Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-05-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC363978 2023-05-01 2024-03-31 SC363978 2022-05-01 2023-04-30 SC363978 2024-03-31 SC363978 2023-04-30 SC363978 c:CompanySecretary1 2023-05-01 2024-03-31 SC363978 c:Director1 2023-05-01 2024-03-31 SC363978 c:Director2 2023-05-01 2024-03-31 SC363978 c:RegisteredOffice 2023-05-01 2024-03-31 SC363978 d:Buildings d:ShortLeaseholdAssets 2023-05-01 2024-03-31 SC363978 d:Buildings d:ShortLeaseholdAssets 2024-03-31 SC363978 d:Buildings d:ShortLeaseholdAssets 2023-04-30 SC363978 d:PlantMachinery 2023-05-01 2024-03-31 SC363978 d:PlantMachinery 2024-03-31 SC363978 d:PlantMachinery 2023-04-30 SC363978 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 SC363978 d:OwnedOrFreeholdAssets 2023-05-01 2024-03-31 SC363978 d:CurrentFinancialInstruments 2024-03-31 SC363978 d:CurrentFinancialInstruments 2023-04-30 SC363978 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC363978 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 SC363978 d:ShareCapital 2024-03-31 SC363978 d:ShareCapital 2023-04-30 SC363978 d:CapitalRedemptionReserve 2024-03-31 SC363978 d:CapitalRedemptionReserve 2023-04-30 SC363978 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC363978 d:RetainedEarningsAccumulatedLosses 2023-04-30 SC363978 c:FRS102 2023-05-01 2024-03-31 SC363978 c:AuditExemptWithAccountantsReport 2023-05-01 2024-03-31 SC363978 c:FullAccounts 2023-05-01 2024-03-31 SC363978 c:PrivateLimitedCompanyLtd 2023-05-01 2024-03-31 SC363978 2 2023-05-01 2024-03-31 SC363978 e:PoundSterling 2023-05-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC363978










CRUDIE FARMS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
CRUDIE FARMS LIMITED
 

COMPANY INFORMATION


DIRECTORS
R H Brunton 
H C Brunton 




COMPANY SECRETARY
R H Brunton



REGISTERED NUMBER
SC363978



REGISTERED OFFICE
Crudie Acres Farm

Arbroath

Angus

DD11 2NP




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
CRUDIE FARMS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CRUDIE FARMS LIMITED
FOR THE PERIOD ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crudie Farms Limited for the period ended 31 March 2024 which comprise the Statement of financial position 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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Crudie Farms Limited, as a body, in accordance with the terms of our engagement letter dated 21 June 2023Our work has been undertaken solely to prepare for your approval the financial statements of Crudie Farms Limited and state those matters that we have agreed to state to the Board of directors of Crudie Farms Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crudie Farms Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Crudie Farms 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 Crudie Farms Limited. You consider that Crudie Farms Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Crudie Farms 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.

  



EQ Accountants Limited
 
Chartered Accountants
  
Westby
64 West High Street
Forfar
Angus
DD8 1BJ
27 June 2024
Page 1

 
CRUDIE FARMS LIMITED
REGISTERED NUMBER: SC363978

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

31 March
30 April
2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
569,722
617,151

  
569,722
617,151

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
813,042
749,089

Cash at bank and in hand
  
3,837
4,283

  
816,879
753,372

Creditors: amounts falling due within one year
 6 
(242,163)
(347,210)

NET CURRENT ASSETS
  
 
 
574,716
 
 
406,162

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,144,438
1,023,313

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(75,036)
(77,473)

  
 
 
(75,036)
 
 
(77,473)

NET ASSETS
  
1,069,402
945,840


CAPITAL AND RESERVES
  

Called up share capital 
  
450
450

Capital redemption reserve
  
450
450

Profit and loss account
  
1,068,502
944,940

  
1,069,402
945,840

Page 2

 
CRUDIE FARMS LIMITED
REGISTERED NUMBER: SC363978

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2024.




R H Brunton
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
CRUDIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

Crudie Farms Limited is a private company, limited by shares, incorporated in Scotland with registration number SC363978. The registered office is Crudie Acres, Farm, Arbroath, Angus, DD11 2NP.
The Company's functional and presentational currency is GBP. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CRUDIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Land and buildings
-
4% straight line
Plant and machinery
-
12.5% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 5

 
CRUDIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS







Land & buildings
Plant and machinery
Total

£
£
£



COST OR VALUATION


At 1 May 2023
952,632
203,000
1,155,632



At 31 March 2024

952,632
203,000
1,155,632



DEPRECIATION


At 1 May 2023
444,559
93,922
538,481


Charge for the period on owned assets
34,930
12,499
47,429



At 31 March 2024

479,489
106,421
585,910



NET BOOK VALUE



At 31 March 2024
473,143
96,579
569,722



At 30 April 2023
508,073
109,078
617,151

Page 6

 
CRUDIE FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


DEBTORS

31 March
30 April
2024
2023
£
£


Trade debtors
574,658
344,955

Other debtors
238,384
404,134

813,042
749,089



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
30 April
2024
2023
£
£

Other taxation and social security
38,378
-

Other creditors
203,785
347,210

242,163
347,210



Page 7