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REGISTERED NUMBER: 07569080 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CROPMECH LTD

CROPMECH LTD (REGISTERED NUMBER: 07569080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

CROPMECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M Stevens
E H Stevens





REGISTERED OFFICE: Huish Barton Huish, Merton,
Okehampton
Devon
EX20 3QE





REGISTERED NUMBER: 07569080 (England and Wales)





ACCOUNTANTS: Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY

CROPMECH LTD (REGISTERED NUMBER: 07569080)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,183,800 6,136,084
6,183,800 6,136,084

CURRENT ASSETS
Stocks 684,222 791,537
Debtors 6 1,776,981 1,613,477
2,461,203 2,405,014
CREDITORS
Amounts falling due within one year 7 1,868,736 1,871,981
NET CURRENT ASSETS 592,467 533,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,776,267

6,669,117

CREDITORS
Amounts falling due after more than one year 8 (1,603,437 ) (1,898,501 )

PROVISIONS FOR LIABILITIES (1,052,844 ) (972,550 )
NET ASSETS 4,119,986 3,798,066

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,119,985 3,798,065
4,119,986 3,798,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CROPMECH LTD (REGISTERED NUMBER: 07569080)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





M Stevens - Director


CROPMECH LTD (REGISTERED NUMBER: 07569080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

CropMech Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Goodwill represents the excess of cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance and 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Income Statement, 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.

CROPMECH LTD (REGISTERED NUMBER: 07569080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 28 ).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 233,000
AMORTISATION
At 1 October 2023
and 30 September 2024 233,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

CROPMECH LTD (REGISTERED NUMBER: 07569080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 1,599,508 5,163,457 1,504,935 22,044 8,289,944
Additions - 465,245 199,434 - 664,679
Disposals - (180,122 ) - - (180,122 )
At 30 September 2024 1,599,508 5,448,580 1,704,369 22,044 8,774,501
DEPRECIATION
At 1 October 2023 - 1,828,591 311,632 13,637 2,153,860
Charge for year - 368,745 170,900 1,261 540,906
Eliminated on disposal - (104,065 ) - - (104,065 )
At 30 September 2024 - 2,093,271 482,532 14,898 2,590,701
NET BOOK VALUE
At 30 September 2024 1,599,508 3,355,309 1,221,837 7,146 6,183,800
At 30 September 2023 1,599,508 3,334,866 1,193,303 8,407 6,136,084

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,300,941 1,225,333
Other loans 471,207 362,323
Prepayments and accrued income 4,833 25,821
1,776,981 1,613,477

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 386,838 254,818
Hire purchase contracts 737,213 676,813
Trade creditors 543,454 690,413
Social security and other taxes 21,263 10,398
VAT 128,603 56,154
Directors' current accounts 42,727 176,716
Accrued expenses 8,638 6,669
1,868,736 1,871,981

CROPMECH LTD (REGISTERED NUMBER: 07569080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans more 5 yr by instal 681,512 726,542
Hire purchase contracts 921,925 1,171,959
1,603,437 1,898,501

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 681,512 726,542

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CROPMECH LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CropMech Ltd for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CropMech Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CropMech Ltd and state those matters that we have agreed to state to the Board of Directors of CropMech Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CropMech Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CropMech Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CropMech Ltd. You consider that CropMech Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CropMech Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchells Chartered Accountants
St. John's House,
Castle Street,
Taunton
Somerset
TA1 4AY


Date: .............................................