REGISTERED NUMBER: 04658799 (England and Wales)

EMERALD PRODUCE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C R Topper

Mrs J Topper

R D Brown-McKeen

Mrs V J Brown-McKeen

SECRETARY:

C R Topper

REGISTERED OFFICE:

Manor Farm

Aubourn

Lincoln

LN5 9DX

REGISTERED NUMBER:

04658799 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

National Westminster Bank Plc

Bede House

11 Western Boulevard

Leicester

Leicestershire

LE2 7EJ

FIXED ASSETS

Tangible assets

4

267,751

133,031

CURRENT ASSETS

Stocks

420,505

305,580

Debtors

5

821,558

1,000,887

Cash at bank

606,200

387,781

1,848,263

1,694,248

CREDITORS

Amounts falling due within one year

6

884,002

1,100,943

NET CURRENT ASSETS

964,261

593,305

TOTAL ASSETS LESS CURRENT LIABILITIES

1,232,012

726,336

CREDITORS

Amounts falling due after more than one year

7

(37,778

)

-

PROVISIONS FOR LIABILITIES

(9,570

)

(16,669

)

NET ASSETS

1,184,664

709,667

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

1,184,564

709,567

SHAREHOLDERS' FUNDS

1,184,664

709,667

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 24 September 2025 and were signed on its behalf by:

C R Topper - Director

1.	STATUTORY INFORMATION

Emerald Produce Limited 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 represents the fair value of consideration received for net invoiced sales of potatoes, carrots and other vegetables, excluding value added tax. Revenue is recognised upon the despatch of produce.

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 etc - Straight line over 3 years and Straight line over 4 years

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks

Stocks are valued at the lower of cost and fair value less costs to sell, after making due allowance for obsolete and slow moving stock.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

193,035

Additions

233,058

Disposals

(81,606

)

At 31 December 2024

344,487

DEPRECIATION

At 1 January 2024

60,006

Charge for year

52,818

Eliminated on disposal

(36,088

)

At 31 December 2024

76,736

NET BOOK VALUE

At 31 December 2024

267,751

At 31 December 2023

133,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

492,425

958,070

Other debtors

316,793

34,487

Prepayments and accrued income

12,340

8,330

821,558

1,000,887

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

5,787

-

Trade creditors

641,004

616,391

Taxation

166,167

27,025

Other taxes and social security

36,853

10,294

Other creditors

21,700

441,533

Accrued expenses

12,491

5,700

884,002

1,100,943

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

37,778

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100