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Company Registration No. 03458796 (England and Wales)
Glen Avon Growers Limited Unaudited accounts for the year ended 31 December 2021
Glen Avon Growers Limited Unaudited accounts Contents
Page
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Glen Avon Growers Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,339,938 
3,430,455 
Investments
1,035 
1,035 
3,340,973 
3,431,490 
Current assets
Inventories
139,092 
142,244 
Debtors
937,889 
1,091,784 
Cash at bank and in hand
4,010 
4,169 
1,080,991 
1,238,197 
Creditors: amounts falling due within one year
(631,949)
(1,101,929)
Net current assets
449,042 
136,268 
Total assets less current liabilities
3,790,015 
3,567,758 
Creditors: amounts falling due after more than one year
(500,727)
(294,331)
Provisions for liabilities
Deferred tax
(221,812)
(228,708)
Net assets
3,067,476 
3,044,719 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,393,458 
1,393,458 
Profit and loss account
1,673,918 
1,651,161 
Shareholders' funds
3,067,476 
3,044,719 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 July 2022 and were signed on its behalf by
D.Schellingerhout Director Company Registration No. 03458796
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Glen Avon Growers Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Glen Avon Growers Limited is a private company, limited by shares, registered in England and Wales, registration number 03458796. The registered office is Glen Avon, Park Lane, Cottingham, East Yorkshire, HU16 5RX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Glen Avon Growers Limited Notes to the Accounts for the year ended 31 December 2021
Investments
Investments in shares are included at fair value.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2021
2,376,581 
2,447,681 
16,061 
12,625 
4,852,948 
Additions
5,314 
177,382 
- 
3,369 
186,065 
Disposals
- 
(24,992)
- 
- 
(24,992)
At 31 December 2021
2,381,895 
2,600,071 
16,061 
15,994 
5,014,021 
Depreciation
At 1 January 2021
227,660 
1,171,289 
10,920 
12,624 
1,422,493 
Charge for the year
45,532 
218,066 
771 
1,123 
265,492 
On disposals
- 
(13,902)
- 
- 
(13,902)
At 31 December 2021
273,192 
1,375,453 
11,691 
13,747 
1,674,083 
Net book value
At 31 December 2021
2,108,703 
1,224,618 
4,370 
2,247 
3,339,938 
At 31 December 2020
2,148,921 
1,276,392 
5,141 
1 
3,430,455 
2021 
2020 
£ 
£ 
Carrying amount of land and buildings on cost basis
988,437 
- 
Included in Land & Buildings is Land of £105,314 which is not depreciated. The fair value of the company's greenhouses was revalued on 31st December 2012. An independent valuer was not involved.
5
Investments
Other investments 
£ 
Valuation at 1 January 2021
1,035 
Valuation at 31 December 2021
1,035 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
129,857 
56,516 
Accrued income and prepayments
59,843 
54,052 
Other debtors
748,189 
981,216 
937,889 
1,091,784 
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Glen Avon Growers Limited Notes to the Accounts for the year ended 31 December 2021
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
394,867 
200,961 
Trade creditors
198,678 
871,185 
Taxes and social security
25,310 
19,374 
Other creditors
10,494 
7,909 
Accruals
2,600 
2,500 
631,949 
1,101,929 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
500,727 
294,331 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
D.Schellingerhout
DCA
18,586 
16,002 
19,000 
15,588 
18,586 
16,002 
19,000 
15,588 
10
Controlling party
The company is under the ultimate control of Mr.D.Schellingherout
11
Average number of employees
During the year the average number of employees was 34 (2020: 33).
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