IRIS Accounts Production v23.3.1.45 05903900 Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 8/2/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059039002022-09-30059039002023-09-30059039002022-10-012023-09-30059039002021-09-30059039002021-10-012022-09-30059039002022-09-3005903900ns10:Originalns15:EnglandWales2022-10-012023-09-3005903900ns14:PoundSterlingns10:Original2022-10-012023-09-3005903900ns10:Originalns10:Director12022-10-012023-09-3005903900ns10:Original2022-10-012023-09-3005903900ns10:Originalns10:Director22022-10-012023-09-3005903900ns10:Original2023-09-3005903900ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005903900ns10:Originalns10:SmallEntities2022-10-012023-09-3005903900ns10:Originalns10:Audited2022-10-012023-09-3005903900ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005903900ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3005903900ns10:Originalns10:FullAccounts2022-10-012023-09-3005903900ns10:Originalns10:Director32022-10-012023-09-3005903900ns10:Originalns10:Director62022-10-012023-09-3005903900ns10:Originalns10:Director72022-10-012023-09-3005903900ns10:Director8ns10:Original2022-10-012023-09-3005903900ns10:CompanySecretary1ns10:Original2022-10-012023-09-3005903900ns10:Originalns10:RegisteredOffice2022-10-012023-09-3005903900ns10:Original2022-09-3005903900ns10:Originalns5:CurrentFinancialInstruments2023-09-3005903900ns10:Originalns5:CurrentFinancialInstruments2022-09-3005903900ns10:Originalns5:Non-currentFinancialInstruments2023-09-3005903900ns10:Originalns5:Non-currentFinancialInstruments2022-09-3005903900ns5:ShareCapitalns10:Original2023-09-3005903900ns5:ShareCapitalns10:Original2022-09-3005903900ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3005903900ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3005903900ns10:Original2021-10-012022-09-3005903900ns10:Originalns5:PlantMachinery2022-09-3005903900ns10:Originalns5:PlantMachinery2022-10-012023-09-3005903900ns10:Originalns5:PlantMachinery2023-09-3005903900ns10:Originalns5:PlantMachinery2022-09-3005903900ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3005903900ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-10-012023-09-3005903900ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3005903900ns10:Originalns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-09-3005903900ns10:Originalns5:CostValuation2022-09-3005903900ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005903900ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3005903900ns10:Originalns5:Non-currentFinancialInstruments2022-10-012023-09-3005903900ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005903900ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3005903900ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-09-3005903900ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-09-3005903900ns10:Originalns5:HirePurchaseContracts2023-09-3005903900ns10:Originalns5:HirePurchaseContracts2022-09-3005903900ns10:Originalns5:WithinOneYear2023-09-3005903900ns10:Originalns5:WithinOneYear2022-09-3005903900ns5:BetweenOneFiveYearsns10:Original2023-09-3005903900ns5:BetweenOneFiveYearsns10:Original2022-09-3005903900ns10:Originalns5:MoreThanFiveYears2023-09-3005903900ns10:Originalns5:MoreThanFiveYears2022-09-3005903900ns10:Originalns5:AllPeriods2023-09-3005903900ns10:Originalns5:AllPeriods2022-09-30
REGISTERED NUMBER: 05903900 (England and Wales)













AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

THE GREEN PEA COMPANY LIMITED

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE GREEN PEA COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: C A Wraith
P J Caley
J Longthorp
M R Stocks
E M Coulman
J P McKinney





SECRETARY: Ms L Eagles





REGISTERED OFFICE: BGA House
Nottingham Road
Louth
Lincolnshire
LN11 0WB





REGISTERED NUMBER: 05903900 (England and Wales)





AUDITORS: BCO Accountants LLP
Chartered Certified Accountants
and Statutory Auditors
Driffield

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,117,585 3,387,787
Investments 5 2 2
3,117,587 3,387,789

CURRENT ASSETS
Stocks 227,578 239,567
Debtors 6 708,204 1,373,178
Cash at bank 2,805,078 1,805,776
3,740,860 3,418,521
CREDITORS
Amounts falling due within one year 7 (1,548,700 ) (1,331,032 )
NET CURRENT ASSETS 2,192,160 2,087,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,309,747

5,475,278

CREDITORS
Amounts falling due after more than one
year

8

(1,221,455

)

(1,352,784

)
NET ASSETS 4,088,292 4,122,494

CAPITAL AND RESERVES
Called up share capital 260 260
Retained earnings 4,088,032 4,122,234
SHAREHOLDERS' FUNDS 4,088,292 4,122,494

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 6 December 2023 and were signed on its behalf by:




P J Caley - Director



J P McKinney - Director


THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

The Green Pea Company 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 services provided. Revenue is recognised on the date that the services are provided.

Tangible fixed assets
Pea viners purchased are written off over the period of the harvester agreement that it relates to, which typically lasts for the six to ten year life of the machine. Drills have a five to seven year life and these are written off over this period.

Motor vehicles and trailers & other equipment are depreciated annually at a rate of 10%.

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

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 commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives. The interest element of these obligations is charged to the profit and loss account 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 period 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.

Prepayments
Prepayments include expenditure for the winter overhaul of viners and drills incurred before the year-end. In order for the accounts to show a true and fair view the directors believe that these costs should be carried forward into the next accounting period so that it is offset against future vining and drilling income that the costs relate to.

Consolidation
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts. The financial statements only reflect the company's transactions for the year.

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 8,678,455
Additions 691,761
Disposals (492,944 )
At 30 September 2023 8,877,272
DEPRECIATION
At 1 October 2022 5,290,668
Charge for year 961,963
Eliminated on disposal (492,944 )
At 30 September 2023 5,759,687
NET BOOK VALUE
At 30 September 2023 3,117,585
At 30 September 2022 3,387,787

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 3,482,061
Additions 617,250
Transfer to ownership (948,171 )
At 30 September 2023 3,151,140
DEPRECIATION
At 1 October 2022 1,161,649
Charge for year 393,892
Transfer to ownership (474,088 )
At 30 September 2023 1,081,453
NET BOOK VALUE
At 30 September 2023 2,069,687
At 30 September 2022 2,320,412

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 2
NET BOOK VALUE
At 30 September 2023 2
At 30 September 2022 2

The company owns the sole share in Green Pea Processing Limited, which was incorporated on 18 August 2010, and was dormant from incorporation to 30 September 2023.

The company also owns one share in the British Growers Association Limited, formerly known as Processed Vegetable Growers Association Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,091 388,541
Other debtors 704,113 984,637
708,204 1,373,178

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 754,944 731,109
Trade creditors 126,370 80,555
Taxation and social security 416,902 268,694
Other creditors 250,484 250,674
1,548,700 1,331,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 819,564 958,833
Other creditors 401,891 393,951
1,221,455 1,352,784

Included in creditors due over one year is £114,056 (2022 - £148,169) due after 5 years not repayable by instalments.

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 754,944 731,109
Between one and five years 819,564 958,833
1,574,508 1,689,942

Non-cancellable operating leases
2023 2022
£    £   
Within one year 23,500 23,500
Between one and five years 65,875 73,375
In more than five years 4,000 20,000
93,375 116,875

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 1,574,508 1,689,942

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

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