Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30true2022-10-01falseNo description of principal activity613trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04473143 2022-10-01 2023-09-30 04473143 2021-10-01 2022-09-30 04473143 2023-09-30 04473143 2022-09-30 04473143 c:Director1 2022-10-01 2023-09-30 04473143 d:Buildings 2022-10-01 2023-09-30 04473143 d:Buildings 2023-09-30 04473143 d:Buildings 2022-09-30 04473143 d:Buildings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:PlantMachinery 2022-10-01 2023-09-30 04473143 d:PlantMachinery 2023-09-30 04473143 d:PlantMachinery 2022-09-30 04473143 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:MotorVehicles 2022-10-01 2023-09-30 04473143 d:MotorVehicles 2023-09-30 04473143 d:MotorVehicles 2022-09-30 04473143 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:OfficeEquipment 2022-10-01 2023-09-30 04473143 d:OfficeEquipment 2023-09-30 04473143 d:OfficeEquipment 2022-09-30 04473143 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 04473143 d:OtherPropertyPlantEquipment 2023-09-30 04473143 d:OtherPropertyPlantEquipment 2022-09-30 04473143 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 04473143 d:CurrentFinancialInstruments 2023-09-30 04473143 d:CurrentFinancialInstruments 2022-09-30 04473143 d:Non-currentFinancialInstruments 2023-09-30 04473143 d:Non-currentFinancialInstruments 2022-09-30 04473143 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04473143 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 04473143 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04473143 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 04473143 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 04473143 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 04473143 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 04473143 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-09-30 04473143 d:ShareCapital 2023-09-30 04473143 d:ShareCapital 2022-09-30 04473143 d:RetainedEarningsAccumulatedLosses 2023-09-30 04473143 d:RetainedEarningsAccumulatedLosses 2022-09-30 04473143 c:FRS102 2022-10-01 2023-09-30 04473143 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 04473143 c:FullAccounts 2022-10-01 2023-09-30 04473143 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04473143 2 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 04473143










J & A GROWERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
J & A GROWERS LIMITED
REGISTERED NUMBER:04473143

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,307,404
2,338,773

  
2,307,404
2,338,773

Current assets
  

Stocks
  
449,191
402,254

Debtors: amounts falling due within one year
 5 
36,079
14,348

Cash at bank and in hand
  
725,740
849,680

  
1,211,010
1,266,282

Creditors: amounts falling due within one year
 6 
(370,009)
(280,298)

Net current assets
  
 
 
841,001
 
 
985,984

Total assets less current liabilities
  
3,148,405
3,324,757

Creditors: amounts falling due after more than one year
 7 
(151,643)
(768,627)

Provisions for liabilities
  

Deferred tax
  
(109,722)
(112,074)

  
 
 
(109,722)
 
 
(112,074)

Net assets
  
2,887,040
2,444,056


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
2,887,038
2,444,054

  
2,887,040
2,444,056


Page 1

 
J & A GROWERS LIMITED
REGISTERED NUMBER:04473143
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr J E Dewhurst
Director

Date: 18 January 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

The entity is a private company limited by shares which is incorporated in England and Wales. The registered office is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company’s functional and presentational currency is British Pound Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% / 5% straight line per annum
Plant and machinery
-
20% straight line per annum
Motor vehicles
-
20% straight line per annum
Office equipment
-
20% straight line per annum
Cold store
-
10% straight line per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and Loss Account.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method.
Page 4

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)

 Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Profit and Loss Account at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

 
2.10

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Profit and Loss Account when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

 
2.14

Borrowing costs

All borrowing costs are recognised in the Profit and Loss Account in the year in which they are incurred.

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 6

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 13).


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Cold store
Total

£
£
£
£
£
£



Cost or valuation


At 1 October 2022
2,004,202
1,358,227
40,378
30,019
51,997
3,484,823


Additions
122,872
18,599
33,689
-
35,327
210,487


Disposals
-
-
(24,628)
-
-
(24,628)



At 30 September 2023

2,127,074
1,376,826
49,439
30,019
87,324
3,670,682



Depreciation


At 1 October 2022
207,245
832,496
25,602
30,019
50,688
1,146,050


Charge for the year
42,883
173,598
6,738
-
3,860
227,079


Disposals
-
-
(9,851)
-
-
(9,851)



At 30 September 2023

250,128
1,006,094
22,489
30,019
54,548
1,363,278



Net book value



At 30 September 2023
1,876,946
370,732
26,950
-
32,776
2,307,404



At 30 September 2022
1,796,957
525,731
14,776
-
1,309
2,338,773

Page 7

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,800
1,800

Other debtors
30,671
9,425

Prepayments and accrued income
3,608
3,123

36,079
14,348



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
21,722

Trade creditors
61,730
11,759

Corporation tax
222,378
167,491

Other taxation and social security
5,419
4,553

Obligations under finance lease and hire purchase contracts
-
13,435

Other creditors
44,667
41,649

Accruals and deferred income
35,815
19,689

370,009
280,298


Bank loans totalling £Nil (2022: £21,722) and hire purchase agreements amounting to £Nil (2022: £13,435) are secured by the Company.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
587,489

Government grants received
151,643
181,138

151,643
768,627


Bank loans totalling £Nil (2022: £587,489) are secured by the Company.

Page 8

 
J & A GROWERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
21,722


-
21,722


Amounts falling due 2-5 years

Bank loans
-
65,166


-
65,166

Amounts falling due after more than 5 years

Bank loans
-
522,323

-
522,323

-
609,211


 
Page 9