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Registered number: 12620624
G&A Crop Nutrition Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
MACRO ACCOUNTANCY LTD
Willows Holt Yard
Willows Holt, Willows Lane,
Sibsey, Boston
Lincolnshire
PE22 0TG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12620624
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,483 26,492
20,483 26,492
CURRENT ASSETS
Stocks 5 10,000 49,995
Debtors 6 109,942 43,143
Cash at bank and in hand 127,870 163,736
247,812 256,874
Creditors: Amounts Falling Due Within One Year 7 (200,869 ) (248,592 )
NET CURRENT ASSETS (LIABILITIES) 46,943 8,282
TOTAL ASSETS LESS CURRENT LIABILITIES 67,426 34,774
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,648 ) (5,298 )
NET ASSETS 62,778 29,476
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 62,678 29,376
SHAREHOLDERS' FUNDS 62,778 29,476
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary White
Director
21/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G&A Crop Nutrition Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12620624 . The registered office is Willow Lodge, Main Road, Stickney, Boston, Lincolnshire, PE22 8EQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
Fixtures & Fittings 20% reducing balance basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 2,450 31,500 33,950
As at 31 May 2024 2,450 31,500 33,950
Depreciation
As at 1 June 2023 1,158 6,300 7,458
Provided during the period 969 5,040 6,009
As at 31 May 2024 2,127 11,340 13,467
Net Book Value
As at 31 May 2024 323 20,160 20,483
As at 1 June 2023 1,292 25,200 26,492
5. Stocks
2024 2023
£ £
Materials 10,000 49,995
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 105,846 42,379
Prepayments and accrued income 4,096 -
VAT - 764
109,942 43,143
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 73,766 124,392
Corporation tax 36,022 10,808
Other taxes and social security - 93
VAT 6,918 -
Accruals and deferred income 1,150 1,150
Directors' loan accounts 83,013 62,929
Amounts owed to group undertakings - 49,220
200,869 248,592
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5