Croptech Limited 03499269 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the sale and contract spraying of crop protection chemicals. Digita Accounts Production Advanced 6.30.9574.0 true 03499269 2023-01-01 2023-12-31 03499269 2023-12-31 03499269 core:CurrentFinancialInstruments 2023-12-31 03499269 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03499269 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 03499269 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 03499269 core:MotorVehicles 2023-12-31 03499269 core:PlantMachinery 2023-12-31 03499269 bus:SmallEntities 2023-01-01 2023-12-31 03499269 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03499269 bus:FilletedAccounts 2023-01-01 2023-12-31 03499269 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03499269 bus:RegisteredOffice 2023-01-01 2023-12-31 03499269 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 03499269 bus:Director2 2023-01-01 2023-12-31 03499269 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03499269 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 03499269 core:LandBuildings 2023-01-01 2023-12-31 03499269 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03499269 core:MotorVehicles 2023-01-01 2023-12-31 03499269 core:PlantMachinery 2023-01-01 2023-12-31 03499269 core:AllJointVentures 2023-01-01 2023-12-31 03499269 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-01-01 2023-12-31 03499269 countries:EnglandWales 2023-01-01 2023-12-31 03499269 2022-12-31 03499269 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 03499269 core:MotorVehicles 2022-12-31 03499269 core:PlantMachinery 2022-12-31 03499269 2022-01-01 2022-12-31 03499269 2022-12-31 03499269 core:CurrentFinancialInstruments 2022-12-31 03499269 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03499269 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 03499269 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 03499269 core:MotorVehicles 2022-12-31 03499269 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 03499269

Croptech Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Croptech Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Croptech Limited

(Registration number: 03499269)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

497,355

333,586

Current assets

 

Stocks

71,535

108,040

Debtors

5

367,815

353,647

Cash at bank and in hand

 

116,531

151,902

 

555,881

613,589

Creditors: Amounts falling due within one year

6

(659,227)

(443,701)

Net current (liabilities)/assets

 

(103,346)

169,888

Total assets less current liabilities

 

394,009

503,474

Creditors: Amounts falling due after more than one year

6

(143,435)

(223,651)

Provisions for liabilities

(94,497)

(63,381)

Net assets

 

156,077

216,442

Capital and reserves

 

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 30 August 2024 and signed on its behalf by:
 

 

Croptech Limited

(Registration number: 03499269)
Balance Sheet as at 31 December 2023

.........................................
Mr Christopher Wood
Company secretary and director

.........................................
Mr Ian Steven Harding
Director

 

Croptech Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sinderby Station
Sinderby
Thirsk
North Yorkshire
YO7 4LB

These financial statements were authorised for issue by the Board on 30 August 2024.

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
- '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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

 

Croptech Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Freehold Land & buildings
£

Plant & Machinery, Fixtures, Fittings & Equip
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2023

23,710

1,302,741

93,124

1,419,575

Additions

-

270,000

13,860

283,860

At 31 December 2023

23,710

1,572,741

106,984

1,703,435

Depreciation

At 1 January 2023

23,709

977,808

84,472

1,085,989

Charge for the year

-

112,814

7,277

120,091

At 31 December 2023

23,709

1,090,622

91,749

1,206,080

Carrying amount

At 31 December 2023

1

482,119

15,235

497,355

At 31 December 2022

1

324,933

8,652

333,586

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.
 

5

Debtors

2023
£

2022
£

Trade debtors

313,081

310,755

Prepayments

1,829

1,545

Other debtors

52,905

41,347

367,815

353,647

 

Croptech Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

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
£

Due after one year

 

Loans and borrowings

7

143,435

223,651

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

24,934

33,140

Finance lease liabilities

118,501

190,511

143,435

223,651

2023
£

2022
£

Current loans and borrowings

Finance lease liabilities

90,141

135,042

 

Croptech Limited

Notes to the Financial Statements for the Year Ended 31 December 2023

8

Related party transactions

C Wood & J Wood

(Director and shareholder of the company)
 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

(Director and shareholder of the company)
 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)