REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
FOR |
SWAYTHORPE GROWERS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
FOR |
SWAYTHORPE GROWERS LIMITED |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SWAYTHORPE GROWERS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
and Statutory Auditors |
Driffield |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
BALANCE SHEET |
30 JUNE 2023 |
2023 | 2022 |
Notes | £   | £   |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
SHAREHOLDERS' FUNDS |
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 and authorised for issue on |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
Swaythorpe Growers Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is the total amount, excluding value added tax, receivable by the company for the provision of agricultural commodities. |
Depreciation |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Government grants |
Government grants receivable in respect of expenditure charged to the revenue account during the year have been credited in the profit and loss account. |
Government grants receivable in respect of capital are treated as deferred income, which is credited to the profit and loss account by instalments over the expected useful life of the related asset, on a basis consistent with the depreciation policy. |
Investments |
Fixed asset investments are stated at cost less provision for any permanent diminution in value where appropriate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£   |
COST |
At 1 July 2022 |
Additions |
Disposals | ( |
) |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£   |
COST |
At 1 July 2022 |
Disposals | ( |
) |
At 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
5. | FIXED ASSET INVESTMENTS |
2023 | 2022 |
£   | £   |
Other investments not loans |
Other loans |
Additional information is as follows: |
Other |
investments |
£   |
COST |
At 1 July 2022 |
and 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
Other |
loans |
£   |
At 1 July 2022 |
and 30 June 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£   | £   |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£   | £   |
Bank loans and overdrafts |
Hire purchase contracts (see note 9) |
Trade creditors |
Accruals |
Deferred income | 77,638 | 112,970 |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£   | £   |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans |
Hire purchase contracts (see note 9) |
Members' loans | 1,400,883 | 1,136,874 |
Deferred income | 232,914 | 379,837 |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans | - | 33,652 |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2023 | 2022 |
£   | £   |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
2023 | 2022 |
£   | £   |
Within one year |
Between one and five years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£   | £   |
Bank overdrafts |
Bank loans |
Hire purchase contracts | 1,558,369 | 1,543,000 |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was qualified on the following basis: |
Basis for qualified opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. |
With respect of stock having a carrying amount of £121,439 at 30 June 2023, the audit evidence available to us was limited because we did not observe the counting of the physical stock at 30 June 2023. Owing to the nature of the company's records, we were unable to obtain sufficient appropriate audit evidence regarding the stock quantities and values by using other audit procedures. |
for and on behalf of |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
12. | MEMBERS LOANS |
At 30 June 2023 the following unsecured loans were provided by the members to the company: |
2023 | 2022 |
£ | £ |
R P Harrison | 96,197 | 82,202 |
T S Rymer | 128,610 | 110,401 |
D B Lamplough | 20,361 | 16,937 |
R Meadley | 13,265 | 11,526 |
Routh Farms Limited | 90,557 | 71,672 |
E A Atkinson | 17,425 | 13,540 |
Barton Farms | 10,012 | 7,970 |
M A & J M Bell | 10,230 | 8,575 |
J H Boynton & Son | 7,996 | 7,996 |
Broadtrench Limited | 38,135 | 28,218 |
J D Burdass & Son | 12,940 | 10,401 |
J & M Burdass | 33,883 | 28,112 |
R D Burdass & Sons | 11,738 | 9,451 |
Burton Agnes Stud Co. Limited | 12,271 | 7,894 |
Burton Constable Farms | 39,662 | 34,623 |
R Byas | 27,150 | 24,715 |
TB Clappison Limited | 4,742 | 3,440 |
R H Clarkson & Sons | 12,193 | 10,231 |
Curtis Farms | 12,767 | 10,656 |
A Dawson & Co (Estates) Limited | 25,557 | 20,405 |
Eastburn Farms Limited | 32,193 | 24,531 |
E Falkingham & Sons Limited | 17,230 | 12,382 |
M Field | 8,940 | 7,655 |
J A Fry Ltd | 7,623 | 6,272 |
M B & J Goodwin Limited | 38,742 | 33,056 |
Hood Farms | 6,706 | 5,161 |
JC Jackson & Son Ltd | 2,800 | - |
V & R Jefferson | - | 6,902 |
C G Kendall Limited | 11,193 | 9,648 |
R Kendall Ltd | 5,950 | - |
Kirby Wold Farming Ltd | 12,218 | - |
W T Kirkwood | 20,880 | 17,699 |
C E & C Knaggs & Sons | 3,681 | 2,826 |
Lee & Co | 17,667 | 15,211 |
D Leeson | - | 18,403 |
Robert Lindley Ltd | 12,916 | 9,279 |
Low Farm Contract | 5,683 | 4,300 |
R H Mason | 13,680 | 10,385 |
J K B Megginson & Sons Limited | 15,417 | 11,756 |
J H & M W Mewburn | 25,365 | 20,241 |
H L Middlewood & Son | 18,475 | 15,846 |
HA & HR Milner | 3,150 | - |
J W Morley | 14,646 | 10,935 |
W Nutt & Son Ltd | 15,063 | 8,388 |
C C Reed & Co. Ltd | 25,570 | 20,527 |
J E S Richardson | 7,346 | 6,062 |
Righton Moor Estates Trust | 9,130 | 9,130 |
Rivis Partners | 27,355 | 20,708 |
J C Robinson Ltd | 19,067 | 15,043 |
Rosemount Farmers | 17,697 | 13,717 |
SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
J Savile | 7,495 | 6,563 |
T Soanes & Son | 102,295 | 85,185 |
Springfields Farms | 16,600 | 12,039 |
R Stephenson & Sons | 13,454 | 10,748 |
James Stockdale Ltd | 7,217 | 4,900 |
S F Stubbings | 23,687 | 18,343 |
H S Temple & Son | - | 11,166 |
James H Tenant | 28,815 | 23,454 |
Towthorpe Wold Farming Ltd | 16,970 | - |
T J & M A Vasey | 7,026 | 5,667 |
W R Warkup | 14,723 | 12,567 |
C N Warkup & Sons | 17,246 | 13,626 |
F H Wastling & Sons | 48,834 | 34,754 |
Willerby Road Farm | 10,267 | 7,838 |
E E Wilkinson & Son | 6,944 | 5,235 |
A E Witty | 29,990 | 24,257 |
W P Wreathall | 7,246 | 5,505 |
1,400,883 | 1,136,875 |