Registration number:
Croptech Limited
for the Year Ended 31 December 2023
Croptech Limited
(Registration number: 03499269)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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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 |
( |
( |
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Net current (liabilities)/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 |
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Called up share capital |
30,000 |
30,000 |
|
Retained earnings |
126,077 |
186,442 |
|
Shareholders' funds |
156,077 |
216,442 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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.
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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Croptech Limited
(Registration number: 03499269)
Balance Sheet as at 31 December 2023
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Croptech Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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
- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold land and building |
25% straight line |
Plant and machinery |
20% straight line |
Fixtures, fittings and equipment |
20% straight line |
Motor vehicles |
20% straight line |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Croptech Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Tangible assets |
Freehold Land & buildings |
Plant & Machinery, Fixtures, Fittings & Equip |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2023 |
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Additions |
- |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
- |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Leased assets
Included within the net book value of tangible fixed assets is £204,050 (2022 - £312,468) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £84,600 (2022 - £117,584).
Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of freehold land and buildings.
Debtors |
2023 |
2022 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Croptech Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
|
Due within one year |
|||
Bank loans and overdrafts |
90,141 |
135,042 |
|
Trade creditors |
522,688 |
241,067 |
|
Taxation and social security |
5,630 |
3,763 |
|
Accruals and deferred income |
38,787 |
34,727 |
|
Other creditors |
1,981 |
29,102 |
|
659,227 |
443,701 |
Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2023 |
2022 |
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Non-current loans and borrowings |
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Bank borrowings |
24,934 |
33,140 |
Finance lease liabilities |
118,501 |
190,511 |
143,435 |
223,651 |
2023 |
2022 |
|
Current loans and borrowings |
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Finance lease liabilities |
90,141 |
135,042 |
Croptech Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
Related party transactions |
C Wood & J Wood
There were no disclosable transactions during the year. At the balance sheet date the amount due from C Wood & J Wood was £3,061 (2022 - £8,669)
I Harding & E Harding
There were no disclosable transactions during the year. At the balance sheet date the amount due from I Harding & E Harding was £346 (2022 - £17,581)