REGISTERED NUMBER: 00119653 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

LEA VALLEY GROWERS' ASSOCIATION, LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R N Copping

Mr D J Everett

Mr J Cappalonga

Mr G Colletti

Mr P Milazzo

Mr G Russo

SECRETARY:

Mr L A Stiles

REGISTERED OFFICE:

37/39 Turners Hill

Cheshunt

Hertfordshire

EN8 8NP

REGISTERED NUMBER:

00119653 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Accountants

Janelle House

Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

4

13,300

13,300

CURRENT ASSETS

Debtors

5

2,067

2,290

Cash at bank

69,058

70,027

71,125

72,317

CREDITORS

Amounts falling due within one year

6

1,113

1,893

NET CURRENT ASSETS

70,012

70,424

TOTAL ASSETS LESS CURRENT LIABILITIES

83,312

83,724

RESERVES

Income and expenditure account

83,312

83,724

83,312

83,724

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

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

The directors acknowledge their 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 surplus or deficit 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.

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 27 June 2024 and were signed on its behalf by:

Mr G Colletti - Director

Mr G Russo - Director

1.	STATUTORY INFORMATION

Lea Valley Growers' Association, Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents rent receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on cost

No depreciation is provided on freehold premises. This asset is maintained by charging the cost of repairs against profits, so extending the useful life of the buildings such that any depreciation charge would be insignificant.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 November 2022

and 31 October 2023

13,300

1,293

1,608

16,201

DEPRECIATION

At 1 November 2022

and 31 October 2023

-

1,293

1,608

2,901

NET BOOK VALUE

At 31 October 2023

13,300

-

-

13,300

At 31 October 2022

13,300

-

-

13,300

The directors are of the opinion that the freehold property would be worth not less than £400,000 on the open market.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Other debtors

2,067

2,290

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.23

31.10.22

£

£

Trade creditors

-

900

Taxation and social security

72

-

Other creditors

1,041

993

1,113

1,893