REGISTERED NUMBER: 01023813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CRYSTAL HEART SALAD COMPANY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Bean

Mr A C Bean

Mr M W Bean

SECRETARY:

Mr A J Bunting

REGISTERED OFFICE:

Mill Lane

Sandholme

Gilberdyke

Brough

East Yorkshire

HU15 2XS

REGISTERED NUMBER:

01023813 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

1,090,317

896,530

CURRENT ASSETS

Stocks

5

73,601

69,372

Debtors

6

61,193

92,216

Cash at bank and in hand

687

125,890

135,481

287,478

CREDITORS

Amounts falling due within one year

7

411,926

354,157

NET CURRENT LIABILITIES

(276,445

)

(66,679

)

TOTAL ASSETS LESS CURRENT LIABILITIES

813,872

829,851

CREDITORS

Amounts falling due after more than one year

8

(30,152

)

(144,965

)

PROVISIONS FOR LIABILITIES

(200,614

)

(160,700

)

NET ASSETS

583,106

524,186

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

583,006

524,086

SHAREHOLDERS' FUNDS

583,106

524,186

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

Mr A J Bean - Director

1.	STATUTORY INFORMATION

Crystal Heart Salad Company Limited is a private company, limited by shares, registered in England. The company's registered number is 01023813. The company's registered office is Eastrington Road, Sandholme, Gilberdyke Brough East Yorkshire HU15 2XS.

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

The principal activity of the company is the growing of vegetables.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

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

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land

- No depreciation provided

Greenhouses

- Straight line over 10 years

Plant and equipment

- Straight line over 7 years

Hydroponic plant

- Straight line over 5 years

Motor vehicles

- 25% on reducing balance

Stocks and work-in-progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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.

Finance/operating leases

Assets held under finance leases and the related lease obligations are included at the fair value of the leased assets at the inception of the lease. Depreciation on leased assets is calculated to write off this amount on a straight line basis over the shorter of the lease term and the useful life of the asset.

Rentals payable are apportioned between the finance charge and a reduction of the outstanding obligation for future amounts payable so that the charge for each accounting period is a constant percentage of the remaining balance of the capital sum outstanding.

Rentals payable under operating leases are charged on a straight-line basis over the term of the lease.

Pension costs and other post-retirement benefits

Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Freehold

leasehold

Plant and

property

property

Greenhouses

machinery

Totals

£

£

£

£

£

COST

At 1 January 2024

81,232

107,418

1,514,486

3,190,141

4,893,277

Additions

-

-

327,281

31,475

358,756

At 31 December 2024

81,232

107,418

1,841,767

3,221,616

5,252,033

DEPRECIATION

At 1 January 2024

-

107,418

1,254,364

2,634,965

3,996,747

Charge for year

-

-

51,897

113,072

164,969

At 31 December 2024

-

107,418

1,306,261

2,748,037

4,161,716

NET BOOK VALUE

At 31 December 2024

81,232

-

535,506

473,579

1,090,317

At 31 December 2023

81,232

-

260,122

555,176

896,530

The net book value of tangible fixed assets includes £ 23,297 (2023 - £ 5,833 ) in respect of assets held under hire purchase contracts.

5.

STOCKS

2024

2023

£

£

Stocks

53,446

44,626

Work-in-progress

20,155

24,746

73,601

69,372

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

24,932

33,778

Other debtors

36,261

58,438

61,193

92,216

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

199,449

144,092

Hire purchase contracts

9,386

804

Trade creditors

158,416

153,674

Taxation and social security

6,423

42,722

Other creditors

38,252

12,865

411,926

354,157

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

27,662

144,965

Hire purchase contracts

2,490

-

30,152

144,965

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

86,334

-

Bank loans

140,777

289,057

Hire purchase contracts

11,876

804

238,987

289,861

The bank overdraft and loan are secured on a charge over the assets of the company. Hire purchase debts are secured on the assets to which they relate.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr A J Bean

Balance outstanding at start of year

1,197

31,597

Amounts advanced

-

5,511

Amounts repaid

-

(35,911

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,197

Mr A C Bean

Balance outstanding at start of year

-

25,584

Amounts repaid

-

(25,584

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Mr M W Bean

Balance outstanding at start of year

-

360

Amounts repaid

-

(360

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above amounts are a summary of transactions in the year. The amounts advanced are interest free and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY