IRIS Accounts Production v25.1.4.42 14792163 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh147921632023-10-31147921632024-10-31147921632023-11-012024-10-31147921632023-04-10147921632023-04-112023-10-31147921632023-10-3114792163ns15:EnglandWales2023-11-012024-10-3114792163ns14:PoundSterling2023-11-012024-10-3114792163ns10:Director12023-11-012024-10-3114792163ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3114792163ns10:SmallEntities2023-11-012024-10-3114792163ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3114792163ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3114792163ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3114792163ns10:FullAccounts2023-11-012024-10-3114792163ns10:OrdinaryShareClass12023-11-012024-10-3114792163ns10:OrdinaryShareClass22023-11-012024-10-3114792163ns10:OrdinaryShareClass32023-11-012024-10-3114792163ns10:Director22023-11-012024-10-3114792163ns10:Director32023-11-012024-10-3114792163ns10:RegisteredOffice2023-11-012024-10-3114792163ns5:CurrentFinancialInstruments2024-10-3114792163ns5:CurrentFinancialInstruments2023-10-3114792163ns5:ShareCapital2024-10-3114792163ns5:ShareCapital2023-10-3114792163ns5:RetainedEarningsAccumulatedLosses2024-10-3114792163ns5:RetainedEarningsAccumulatedLosses2023-10-3114792163ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3114792163ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3114792163ns5:Secured2024-10-3114792163ns5:Secured2023-10-3114792163ns10:OrdinaryShareClass12024-10-3114792163ns10:OrdinaryShareClass22024-10-3114792163ns10:OrdinaryShareClass32024-10-31
REGISTERED NUMBER: 14792163 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

CANOPY CROPS LTD

CANOPY CROPS LTD (REGISTERED NUMBER: 14792163)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CANOPY CROPS LTD

Company Information
for the year ended 31 October 2024







Directors: T A J Ebdon
C J Jones
D W Ough





Registered office: N23 Upper North Block
Seale Hayne
Newton Abbot
Devon
TQ12 6NQ





Registered number: 14792163 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

CANOPY CROPS LTD (REGISTERED NUMBER: 14792163)

Balance Sheet
31 October 2024

2024 2023
Notes £ £
Current assets
Debtors 4 115,771 98,040
Cash at bank 106,776 29,153
222,547 127,193
Creditors
Amounts falling due within one year 5 142,961 93,593
Net current assets 79,586 33,600
Total assets less current liabilities 79,586 33,600

Capital and reserves
Called up share capital 7 100 100
Retained earnings 79,486 33,500
Shareholders' funds 79,586 33,600

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





C J Jones - Director


CANOPY CROPS LTD (REGISTERED NUMBER: 14792163)

Notes to the Financial Statements
for the year ended 31 October 2024


1. Statutory information

Canopy Crops 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

CANOPY CROPS LTD (REGISTERED NUMBER: 14792163)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. Accounting policies - continued

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 2 (2023 - 1 ) .

4. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 109,791 87,718
Other debtors 5,980 10,322
115,771 98,040

5. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 15,336 -
Trade creditors 44,360 39,974
Amounts owed to joint ventures 48,542 32,098
Taxation and social security 33,880 9,307
Other creditors 843 12,214
142,961 93,593

6. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Bank overdraft 15,336 -

At the balance sheet date fixed and floating charges were held over the assets of the company. The charge includes a negative pledge.

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
50 A Ordinary £1 50 50
25 B Ordinary £1 25 25
25 C Ordinary £1 25 25
100 100

8. Related party disclosures

At the year end date the company owed its Joint Venture partner £48,542 (2023 - £32,098). This loan is interest free and repayable on demand.