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REGISTERED NUMBER: 04429943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SANDHUTTON GROWERS LIMITED
TRADING AS
HERBS UNLIMITED

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SANDHUTTON GROWERS LIMITED
TRADING AS HERBS UNLIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr T R Bosomworth
Mr R H Bosomworth
Mr P R L Dodd
Mrs A J Dodd
Mr J C Wilkinson





REGISTERED OFFICE: Busby Stoop Road
Sandhutton
Thirsk
North Yorkshire
YO7 4RN





REGISTERED NUMBER: 04429943 (England and Wales)

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 483,632 561,270
483,632 561,270

CURRENT ASSETS
Inventories 157,271 161,853
Debtors 6 805,668 685,251
Cash at bank and in hand 588,367 544,947
1,551,306 1,392,051
CREDITORS
Amounts falling due within one year 7 719,160 655,733
NET CURRENT ASSETS 832,146 736,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,315,778

1,297,588

CREDITORS
Amounts falling due after more than one year 8 (295,491 ) (406,577 )

PROVISIONS FOR LIABILITIES (50,197 ) -
NET ASSETS 970,090 891,011

CAPITAL AND RESERVES
Called up share capital 2,075 2,075
Retained earnings 968,015 888,936
SHAREHOLDERS' FUNDS 970,090 891,011

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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.

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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 5 August 2024 and were signed on its behalf by:




Mr P R L Dodd - Director



Mr T R Bosomworth - Director


SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Sandhutton 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.

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.

Going concern
The directors have considered the financial resources and commitments of the company and have concluded that there are sufficient resources in place to continue operating for the foreseeable future. The directors therefore consider it appropriate to continue to prepare the accounts on the going concern basis.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
The management consider that no significant judgements have had to be made in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any other accounting estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Goodwill
Goodwill is initially measured at cost. After initial recognition goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation has been provided at 20% in order to write off the cost of each asset over its estimated useful life.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

Freehold property-5% straight line basis
Plant and machinery-15%, 20% and 25% reducing balance basis and33% straight line basis
Motor vehicles-33% straight line basis

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Biological assets and agricultural produce are valued using the cost model.

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. Although no formal hedging takes place the company enters into derivative financial instruments to minimise exposure to foreign currency risk and these are recorded at fair value in the accounts at each year end with gains or losses being included in administration costs.

Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a straight line basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2022 - 69 ) .

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 57,736
AMORTISATION
At 1 January 2023
and 31 December 2023 57,736
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 335,176 1,769,557 298,089 2,402,822
Additions - 17,997 53,138 71,135
Disposals - (6,148 ) - (6,148 )
At 31 December 2023 335,176 1,781,406 351,227 2,467,809
DEPRECIATION
At 1 January 2023 275,425 1,364,225 201,902 1,841,552
Charge for year 11,044 83,822 53,540 148,406
Eliminated on disposal - (5,781 ) - (5,781 )
At 31 December 2023 286,469 1,442,266 255,442 1,984,177
NET BOOK VALUE
At 31 December 2023 48,707 339,140 95,785 483,632
At 31 December 2022 59,751 405,332 96,187 561,270

The net book value of property, plant and equipment includes £ 95,898 (2022 - £ 96,170 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 776,287 635,826
Other debtors 29,381 49,425
805,668 685,251

SANDHUTTON GROWERS LIMITED (REGISTERED NUMBER: 04429943)
TRADING AS HERBS UNLIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,000 106,533
Hire purchase contracts 49,515 42,976
Trade creditors 342,266 306,467
Taxation and social security 20,300 24,032
Other creditors 207,079 175,725
719,160 655,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 241,667 341,667
Hire purchase contracts 49,372 54,418
Other creditors 4,452 10,492
295,491 406,577

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 341,667 448,200
Hire purchase contracts 98,887 97,394
440,554 545,594

Bank loans are secured by way of a fixed and floating debenture in favour of the bank held over the company's assets.

Hire purchase and finance leases are secured on the underlying asset.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate loan accounts with the company which are repayable on demand. The following advances and credits subsisted during the years ended 2023 and 2022.

20232022
££
Balance outstanding at start of year--
Amounts advanced-772
Amounts repaid-(772)
Amounts written off--
Amounts waived--
Balance outstanding at end of year--
Interest has been charged at the HMRC beneficial loan rates whilst overdrawn.

11. RELATED PARTY DISCLOSURES

One of the directors had made a loan to the company. At the year end the amount owed to them was £12,278 (2022 - £12,878) on which no interest had been charged (2022 - £nil).