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REGISTERED NUMBER: 01023813 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CRYSTAL HEART SALAD COMPANY LIMITED

CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


CRYSTAL HEART SALAD COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A J Bean
A C Bean
M W Bean





SECRETARY: A J Bunting





REGISTERED OFFICE: Mill Lane
Sandholme
Gilberdyke
Brough
East Yorkshire
HU15 2XS





REGISTERED NUMBER: 01023813 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 896,530 806,734

CURRENT ASSETS
Stocks 5 69,372 105,869
Debtors 6 92,216 192,056
Cash at bank and in hand 125,890 73,537
287,478 371,462
CREDITORS
Amounts falling due within one year 7 354,157 298,451
NET CURRENT (LIABILITIES)/ASSETS (66,679 ) 73,011
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,851

879,745

CREDITORS
Amounts falling due after more than one year 8 (144,965 ) (289,058 )

PROVISIONS FOR LIABILITIES (160,700 ) (106,211 )
NET ASSETS 524,186 484,476

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 524,086 484,376
SHAREHOLDERS' FUNDS 524,186 484,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





A J Bean - Director


CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Crystal Heart Salad Company Limited is a private company, limited by shares, registered in England. The company's registered number is 01023813. The company's registered office is Eastrington Road, Sandholme, Gilberdyke Brough East Yorkshire HU15 2XS.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company including the impact of Covid-19, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Freehold land- No depreciation provided
Greenhouses- Straight line over 10 years
Plant and equipment- Straight line over 7 years
Hydroponic plant- Straight line over 5 years
Motor vehicles- 25% on reducing balance

Stocks and work-in-progress
Stocks and work-in-progress are stated at the lower of cost and net realisable value. Cost is calculated using the first-in-first out method and consists of material and direct labour cost, together with an appropriate proportion of production overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Finance/operating leases
Assets held under finance leases and the related lease obligations are included at the fair value of the leased assets at the inception of the lease. Depreciation on leased assets is calculated to write off this amount on a straight line basis over the shorter of the lease term and the useful life of the asset.

Rentals payable are apportioned between the finance charge and a reduction of the outstanding obligation for future amounts payable so that the charge for each accounting period is a constant percentage of the remaining balance of the capital sum outstanding.

Rentals payable under operating leases are charged on a straight-line basis over the term of the lease.

Pension costs and other post-retirement benefits
Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
Freehold leasehold Plant and
property property Greenhouses machinery Totals
£    £    £    £    £   
COST
At 1 January 2023 81,232 107,418 1,433,181 3,012,861 4,634,692
Additions - - 81,305 177,280 258,585
At 31 December 2023 81,232 107,418 1,514,486 3,190,141 4,893,277
DEPRECIATION
At 1 January 2023 - 101,473 1,209,234 2,517,251 3,827,958
Charge for year - 5,945 45,130 117,714 168,789
At 31 December 2023 - 107,418 1,254,364 2,634,965 3,996,747
NET BOOK VALUE
At 31 December 2023 81,232 - 260,122 555,176 896,530
At 31 December 2022 81,232 5,945 223,947 495,610 806,734

CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

The net book value of tangible fixed assets includes £ 5,833 (2022 - £ 15,833 ) in respect of assets held under hire purchase contracts.

5. STOCKS
2023 2022
£    £   
Stocks 44,626 50,032
Work-in-progress 24,746 55,837
69,372 105,869

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,778 50,428
Other debtors 58,438 141,628
92,216 192,056

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 144,092 145,359
Hire purchase contracts 804 6,138
Trade creditors 153,674 98,229
Taxation and social security 42,722 37,368
Other creditors 12,865 11,357
354,157 298,451

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 144,965 289,058

CRYSTAL HEART SALAD COMPANY LIMITED (REGISTERED NUMBER: 01023813)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 289,057 434,417
Hire purchase contracts 804 6,138
289,861 440,555

The bank overdraft and loan are secured on a charge over the assets of the company. Hire purchase debts are secured on the assets to which they relate.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
A J Bean
Balance outstanding at start of year 31,597 28,240
Amounts advanced 5,511 3,357
Amounts repaid (35,911 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,197 31,597

A C Bean
Balance outstanding at start of year 25,584 29,584
Amounts repaid (25,584 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,584

M W Bean
Balance outstanding at start of year 360 360
Amounts repaid (360 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 360

The above amounts are a summary of transactions in the year. The amounts advanced are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, none of which have overall control.