IRIS Accounts Production v23.3.1.45 03165809 Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 14/11/2023 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031658092022-06-30031658092023-06-30031658092022-07-012023-06-30031658092021-06-30031658092021-07-012022-06-30031658092022-06-3003165809ns10:Originalns15:EnglandWales2022-07-012023-06-3003165809ns14:PoundSterlingns10:Original2022-07-012023-06-3003165809ns10:Originalns10:Director12022-07-012023-06-3003165809ns10:Original2022-07-012023-06-3003165809ns10:Originalns10:Director22022-07-012023-06-3003165809ns10:Original2023-06-3003165809ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003165809ns10:Originalns10:SmallEntities2022-07-012023-06-3003165809ns10:Originalns10:Audited2022-07-012023-06-3003165809ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003165809ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003165809ns10:Originalns10:FullAccounts2022-07-012023-06-3003165809ns10:Originalns10:Director32022-07-012023-06-3003165809ns10:Originalns10:Director42022-07-012023-06-3003165809ns10:Originalns10:Director52022-07-012023-06-3003165809ns10:Originalns10:Director62022-07-012023-06-3003165809ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003165809ns10:Original2022-06-3003165809ns10:Originalns5:CurrentFinancialInstruments2023-06-3003165809ns10:Originalns5:CurrentFinancialInstruments2022-06-3003165809ns10:Originalns5:Non-currentFinancialInstruments2023-06-3003165809ns10:Originalns5:Non-currentFinancialInstruments2022-06-3003165809ns5:ShareCapitalns10:Original2023-06-3003165809ns5:ShareCapitalns10:Original2022-06-3003165809ns10:Originalns5:CapitalRedemptionReserve2023-06-3003165809ns10:Originalns5:CapitalRedemptionReserve2022-06-3003165809ns10:Originalns5:PlantMachinery2022-07-012023-06-3003165809ns10:Original2021-07-012022-06-3003165809ns10:Originalns5:PlantMachinery2022-06-3003165809ns10:Originalns5:PlantMachinery2023-06-3003165809ns10:Originalns5:PlantMachinery2022-06-3003165809ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3003165809ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-07-012023-06-3003165809ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3003165809ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-06-3003165809ns10:Originalns5:CostValuation2022-06-3003165809ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003165809ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-3003165809ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-06-3003165809ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003165809ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003165809ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-06-3003165809ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-06-3003165809ns10:Originalns5:HirePurchaseContracts2023-06-3003165809ns10:Originalns5:HirePurchaseContracts2022-06-3003165809ns10:Originalns5:WithinOneYear2023-06-3003165809ns10:Originalns5:WithinOneYear2022-06-3003165809ns5:BetweenOneFiveYearsns10:Original2023-06-3003165809ns5:BetweenOneFiveYearsns10:Original2022-06-3003165809ns10:Originalns5:AllPeriods2023-06-3003165809ns10:Originalns5:AllPeriods2022-06-3003165809ns5:Securedns10:Original2023-06-3003165809ns5:Securedns10:Original2022-06-30
REGISTERED NUMBER: 03165809 (England and Wales)













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: T S Rymer
R P Harrison
M J Hayward
I J Keyes
R A Meadley
T J Burdass





REGISTERED OFFICE: Sandhill
Garton Road
Kirkburn
Driffield
East Yorkshire
YO25 9DR





REGISTERED NUMBER: 03165809 (England and Wales)





AUDITORS: BCO Accountants LLP
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 1,651,743 2,130,268
Investments 5 2,500,000 2,500,000
4,151,743 4,630,268

CURRENT ASSETS
Stocks 121,439 63,763
Debtors 6 2,191,725 2,287,661
Cash at bank 6,425 108,972
2,319,589 2,460,396
CREDITORS
Amounts falling due within one year 7 (2,881,594 ) (3,363,757 )
NET CURRENT LIABILITIES (562,005 ) (903,361 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,589,738

3,726,907

CREDITORS
Amounts falling due after more than one
year

8

(3,580,638

)

(3,717,807

)
NET ASSETS 9,100 9,100

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Capital redemption reserve 1,100 1,100
SHAREHOLDERS' FUNDS 9,100 9,100

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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:




T S Rymer - Director



R P Harrison - Director


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 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 is the total amount, excluding value added tax, receivable by the company for the provision of agricultural commodities.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 10% on cost and Straight line over 7 years

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 8 (2022 - 7 ) .

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 3,029,337
Additions 83,923
Disposals (526,106 )
At 30 June 2023 2,587,154
DEPRECIATION
At 1 July 2022 899,069
Charge for year 409,303
Eliminated on disposal (372,961 )
At 30 June 2023 935,411
NET BOOK VALUE
At 30 June 2023 1,651,743
At 30 June 2022 2,130,268

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 2,709,794
Disposals (485,000 )
At 30 June 2023 2,224,794
DEPRECIATION
At 1 July 2022 676,322
Charge for year 375,180
Eliminated on disposal (346,430 )
At 30 June 2023 705,072
NET BOOK VALUE
At 30 June 2023 1,519,722
At 30 June 2022 2,033,472

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 1,125,000 1,125,000
Other loans 1,375,000 1,375,000
2,500,000 2,500,000

Additional information is as follows:
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 1,125,000
NET BOOK VALUE
At 30 June 2023 1,125,000
At 30 June 2022 1,125,000
Other
loans
£   
At 1 July 2022
and 30 June 2023 1,375,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,366,765 2,070,117
Other debtors 824,960 217,544
2,191,725 2,287,661

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 431,866 354,074
Hire purchase contracts (see note 9) 475,593 474,631
Trade creditors 1,844,768 2,403,125
Accruals 51,729 18,957
Deferred income 77,638 112,970
2,881,594 3,363,757

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 272,714 268,963
Bank loans - 2-5 years 591,351 830,112
Bank loans - 33,652
Hire purchase contracts (see note 9) 1,082,776 1,068,369
Members' loans 1,400,883 1,136,874
Deferred income 232,914 379,837
3,580,638 3,717,807

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 475,593 474,631
Between one and five years 1,082,776 1,068,369
1,558,369 1,543,000

Non-cancellable operating leases
2023 2022
£    £   
Within one year 7,350 7,350
Between one and five years 22,050 29,400
29,400 36,750

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 162,915 88,720
Bank loans 1,133,016 1,398,081
Hire purchase contracts 1,558,369 1,543,000
2,854,300 3,029,801

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.

Christopher Bryan Wilson FCCA (Senior Statutory Auditor)
for and on behalf of BCO Accountants LLP

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