Emerald Crops Limited - Accounts to registrar (filleted) - small 18.2

Emerald Crops Limited - Accounts to registrar (filleted) - small 18.2

EMERALD CROPS LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.3.0.592 06689642 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066896422017-03-31066896422018-03-31066896422017-04-012018-03-31066896422016-03-31066896422016-04-012017-03-31066896422017-03-3106689642ns15:EnglandWales2017-04-012018-03-3106689642ns14:PoundSterling2017-04-012018-03-3106689642ns10:Director12017-04-012018-03-3106689642ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3106689642ns10:SmallEntities2017-04-012018-03-3106689642ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3106689642ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3106689642ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3106689642ns10:FullAccounts2017-04-012018-03-3106689642ns10:OrdinaryShareClass12017-04-012018-03-3106689642ns10:Director22017-04-012018-03-3106689642ns10:Director32017-04-012018-03-3106689642ns10:Director42017-04-012018-03-3106689642ns10:RegisteredOffice2017-04-012018-03-3106689642ns5:CurrentFinancialInstruments2018-03-3106689642ns5:CurrentFinancialInstruments2017-03-3106689642ns5:ShareCapital2018-03-3106689642ns5:ShareCapital2017-03-3106689642ns5:RetainedEarningsAccumulatedLosses2018-03-3106689642ns5:RetainedEarningsAccumulatedLosses2017-03-310668964212017-04-012018-03-3106689642ns5:PlantMachinery2017-03-3106689642ns5:PlantMachinery2017-04-012018-03-3106689642ns5:PlantMachinery2018-03-3106689642ns5:PlantMachinery2017-03-3106689642ns5:CostValuation2017-03-3106689642ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3106689642ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3106689642ns10:OrdinaryShareClass12018-03-31


REGISTERED NUMBER: 06689642 (England and Wales)
















EMERALD CROPS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


EMERALD CROPS LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTORS: C R Topper
R D Brown-McKeen
P R Branfield
Mrs A J Branfield



REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF



REGISTERED NUMBER: 06689642 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: National Westminster Bank plc
1 Market Place
Newark
Nottinghamshire
NG24 1DY
Page 1
EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

STATEMENT OF FINANCIAL POSITION
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,875 28,314
Investments 5 3,000 3,000
20,875 31,314

CURRENT ASSETS
Valuation 394,312 206,565
Debtors 6 1,310,038 558,792
Cash at bank 686,264 306,237
2,390,614 1,071,594
CREDITORS
Amounts falling due within one year 7 1,889,846 579,466
NET CURRENT ASSETS 500,768 492,128
TOTAL ASSETS LESS CURRENT LIABILITIES 521,643 523,442

PROVISIONS FOR LIABILITIES 3,396 5,483
NET ASSETS 518,247 517,959

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 518,147 517,859
SHAREHOLDERS' FUNDS 518,247 517,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 2 continued...
EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 November 2018 and were signed on its
behalf by:





R D Brown-McKeen - Director


The notes form part of these financial statements

Page 3
EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Emerald Crops 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of net invoiced sales of produce and commissions, excluding value added
tax. Revenue from the sale of produce is recognised on despatch and related commissions are recognised in
the same period.

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 - 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and fair value less cost to sell, 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.

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.

Page 4 continued...
EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Fixed asset investments
The company's interest in the capital of associated undertakings is recognised at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 39,831
Additions 686
Disposals (12,459 )
At 31 March 2018 28,058
DEPRECIATION
At 1 April 2017 11,517
Charge for year 6,489
Eliminated on disposal (7,823 )
At 31 March 2018 10,183
NET BOOK VALUE
At 31 March 2018 17,875
At 31 March 2017 28,314

5. FIXED ASSET INVESTMENTS
Shares in
participating
interests
£   
COST
At 1 April 2017
and 31 March 2018 3,000
NET BOOK VALUE
At 31 March 2018 3,000
At 31 March 2017 3,000

Page 5 continued...
EMERALD CROPS LIMITED (REGISTERED NUMBER: 06689642)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,306,723 537,364
Other debtors 2,447 -
Prepayments and accrued income 868 21,428
1,310,038 558,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 1,763,890 530,380
Tax 2,060 30,130
Social security and other taxes 40,787 14,039
Other creditors 80,659 315
Accrued expenses 2,450 4,602
1,889,846 579,466

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

Page 6