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REGISTERED NUMBER: 02908325 (England and Wales)
















W S BENTLEY (GROWERS) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W S BENTLEY (GROWERS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J W Bentley





SECRETARY: N L Bentley





REGISTERED OFFICE: Cliffe Hill Nurseries
Gomersal
Cleckheaton
West Yorkshire
BD19 4SX





REGISTERED NUMBER: 02908325 (England and Wales)





ACCOUNTANTS: BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,764,369 3,699,925

CURRENT ASSETS
Stocks 482,816 488,375
Debtors 5 484,502 497,293
Cash at bank and in hand 36,319 50,130
1,003,637 1,035,798
CREDITORS
Amounts falling due within one year 6 723,192 833,104
NET CURRENT ASSETS 280,445 202,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,044,814

3,902,619

CREDITORS
Amounts falling due after more than one
year

7

(462,956

)

(744,312

)

PROVISIONS FOR LIABILITIES (688,602 ) (615,035 )
NET ASSETS 2,893,256 2,543,272

CAPITAL AND RESERVES
Called up share capital 4,168 4,168
Capital redemption reserve 832 832
Retained earnings 2,888,256 2,538,272
SHAREHOLDERS' FUNDS 2,893,256 2,543,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

BALANCE SHEET - continued
31 MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2023 and were signed by:





J W Bentley - Director


W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

W S Bentley (Growers) 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.

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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - at varying rates on cost
Plant and machinery - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e.cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 balance sheet date.


W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is charged to the profit and loss account.

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.

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.

Government grants
The company receives government grants in respect of coronavirus support. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 7,504,207
Additions 418,917
At 31 March 2023 7,923,124
DEPRECIATION
At 1 April 2022 3,804,282
Charge for year 354,473
At 31 March 2023 4,158,755
NET BOOK VALUE
At 31 March 2023 3,764,369
At 31 March 2022 3,699,925

W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,747 407,069
Other debtors 94,755 90,224
484,502 497,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 284,613 277,689
Trade creditors 258,142 452,420
Taxation and social security 80,900 18,818
Other creditors 99,537 84,177
723,192 833,104

Certain creditors who have supplied goods to the company under a reservation of title clause may have a charge on such goods included in the stock of the Company. It is not practicable to quantify the amount secured.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 462,956 744,312

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,187 10,692
Between one and five years 37,166 37,561
51,353 48,253

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 747,569 1,022,001

Virgin Money hold a debenture providing a fixed and floating charge over the assets of the company.

Virgin Money hold a legal charge over the freehold properties at Cliffe Hill Nurseries, Gomersal and West Bank, Carlton, Goole.

W S BENTLEY (GROWERS) LTD (REGISTERED NUMBER: 02908325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

10. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - 238,756