CROP MARKETING (GROUPS) LIMITED

Company Registration Number:
02587759 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

CROP MARKETING (GROUPS) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CROP MARKETING (GROUPS) LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of the Company in the year under review was that of the marketing of members' cereals, pulses and oilseed crops.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Mr A A Bullock
Mr T E H Finchett
Mr A Buck
Lord Cawdor
Mr S Doble
Mr C J Meadows
Mr M F Price
Mr M J Reynolds
Mr N L M Barnes
Mr A Brealy
Mr E C Phillips
Mr A J Murray


The director shown below has held office during the period of
1 July 2023 to 11 January 2024

Mr G E R Osborne


The director shown below has held office during the period of
11 January 2024 to 30 June 2024

Mr S Pow


Secretary Mr A J Murray

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 November 2024

And signed on behalf of the board by:
Name: Mr A J Murray
Status: Secretary

CROP MARKETING (GROUPS) LIMITED

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 28,619,335 39,964,870
Cost of sales: ( 28,297,811 ) ( 39,804,806 )
Gross profit(or loss): 321,524 160,064
Administrative expenses: ( 178,424 ) ( 69,553 )
Operating profit(or loss): 143,100 90,511
Interest payable and similar charges: ( 139,133 ) ( 87,761 )
Profit(or loss) before tax: 3,967 2,750
Tax: ( 1,240 ) 252
Profit(or loss) for the financial year: 2,727 3,002

CROP MARKETING (GROUPS) LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 3,624,263 7,540,161
Total current assets: 3,624,263 7,540,161
Creditors: amounts falling due within one year: 4 ( 3,326,959 ) ( 7,245,834 )
Net current assets (liabilities): 297,304 294,327
Total assets less current liabilities: 297,304 294,327
Total net assets (liabilities): 297,304 294,327
Capital and reserves
Called up share capital: 26,300 26,050
Share premium account: 600 600
Profit and loss account: 270,404 267,677
Total Shareholders' funds: 297,304 294,327

The notes form part of these financial statements

CROP MARKETING (GROUPS) LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 16 October 2024
and signed on behalf of the board by:

Name: Mr A A Bullock
Status: Director

The notes form part of these financial statements

CROP MARKETING (GROUPS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is the revenue arising from the sale of members' agricultural commodities. It is stated at the fair value of the consideration receivable, net of value added tax, rebates and discounts. The income is recongnised in the revenue account at the point of movement of the commodities to the customer.

CROP MARKETING (GROUPS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CROP MARKETING (GROUPS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 2023
£ £
Trade debtors 3,579,193 7,447,676
Prepayments and accrued income 45,070 92,485
Total 3,624,263 7,540,161

CROP MARKETING (GROUPS) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 928,039 1,583,929
Trade creditors 2,242,848 5,610,597
Taxation and social security 46,406 23,603
Accruals and deferred income 109,666 27,705
Total 3,326,959 7,245,834