Company registration number 12153366 (England and Wales)
CROCUS FARMING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CROCUS FARMING LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
as restated
£
£
£
£
Fixed assets
161,194
181,437
Current assets
309,960
165,015
Prepayments and accrued income
174
150
Creditors: amounts falling due within one year
(188,147)
(120,190)
Net current assets
121,987
44,975
Total assets less current liabilities
283,181
226,412
Creditors: amounts falling due after more than one year
(13,168)
(22,423)
Accruals and deferred income
(3,641)
(3,714)
Net assets
266,372
200,275
Capital and reserves
266,372
200,275
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Advances to Directors
During the year £81,691 was advanced to a director and £71,467 was subsequently repaid. The balance owed by the director at the beginning of the year was £1,434 and at the end of the year was £11,657. This loan is unsecured and has been repaid within 9 months of year end.
During the year £96,576 was advanced to a director and £97,842 was subsequently repaid. The balance owed by the director at the beginning of the year was £30,350 and at the end of the year was £29,084. This loan is unsecured and has been repaid within 9 months of year end.
2
Financial commitments, guarantees and contingencies
The company made the following capital commitments:
Charges on Assets
The company had bank loans and overdrafts totalling £85,375 (2023 - £76,675) and net obligations under finance leases and hire purchase contracts totalling £1,726 (2023 - £12,080) which are secured.
The bank loans are secured on a fixed and floating charge over the assets of the company and the hire purchase contracts are secured over the assets concerned.
CROCUS FARMING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
Crocus Farming Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Greenways Business Park, Bellinger Close, CHIPPENHAM, Wiltshire, SN15 1BN.
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 2 June 2025 and are signed on its behalf by:
Mr E Lippiatt
Mrs D Lippiatt
Director
Director
Company registration number 12153366 (England and Wales)