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REGISTERED NUMBER: 06689642 (England and Wales)















EMERALD CROPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


EMERALD CROPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: C R Topper
R D Brown-McKeen



REGISTERED OFFICE: Manor Farm
Aubourn
Lincoln
LN5 9DX



REGISTERED NUMBER: 06689642 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: National Westminster Bank Plc
1 Market Place
Newark
Nottinghamshire
NG24 1DY

EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 3,000

CURRENT ASSETS
Valuation 2,134,936 1,343,706
Debtors 5 3,317,675 2,178,409
Cash at bank 20,548 35,664
5,473,159 3,557,779
CREDITORS
Amounts falling due within one year 6 4,838,040 3,168,871
NET CURRENT ASSETS 635,119 388,908
TOTAL ASSETS LESS CURRENT LIABILITIES 635,119 391,908

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 635,019 391,808
SHAREHOLDERS' FUNDS 635,119 391,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 15 November 2024 and were signed on its behalf by:





C R Topper - Director


EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

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

1. STATUTORY INFORMATION

Emerald Crops Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the fair value of net invoiced sales of produce and commissions, excluding value added tax. Revenue from the sale of produce is recognised on despatch and related commissions are recognised in the same period.

Stocks
Stocks are valued at the lower of cost and fair value less cost to sell, after making due allowance for obsolete and slow moving items.

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.

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.

Fixed asset investments
The company's interest in the capital of associated undertakings is recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
participating
interests
£   
COST
At 1 April 2023 3,000
Disposals (3,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 3,000

EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,257,879 1,622,409
Amounts owed by group undertakings 1,044,000 556,000
Prepayments 15,796 -
3,317,675 2,178,409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,653,710 3,030,452
Tax 81,070 41,297
Social security and other taxes 100,970 79,972
Accrued expenses 2,290 17,150
4,838,040 3,168,871

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date, dividends were approved in the sum of £600,000.