IRIS Accounts Production v24.3.0.553 04627917 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046279172023-06-30046279172024-06-30046279172023-07-012024-06-30046279172022-06-30046279172022-07-012023-06-30046279172023-06-3004627917ns15:EnglandWales2023-07-012024-06-3004627917ns14:PoundSterling2023-07-012024-06-3004627917ns10:Director12023-07-012024-06-3004627917ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004627917ns10:SmallEntities2023-07-012024-06-3004627917ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3004627917ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004627917ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004627917ns10:FullAccounts2023-07-012024-06-3004627917ns10:Director22023-07-012024-06-3004627917ns10:CompanySecretary12023-07-012024-06-3004627917ns10:RegisteredOffice2023-07-012024-06-3004627917ns5:CurrentFinancialInstruments2024-06-3004627917ns5:CurrentFinancialInstruments2023-06-3004627917ns5:Non-currentFinancialInstruments2024-06-3004627917ns5:Non-currentFinancialInstruments2023-06-3004627917ns5:ShareCapital2024-06-3004627917ns5:ShareCapital2023-06-3004627917ns5:RetainedEarningsAccumulatedLosses2024-06-3004627917ns5:RetainedEarningsAccumulatedLosses2023-06-3004627917ns5:LandBuildings2023-07-012024-06-3004627917ns5:PlantMachinery2023-07-012024-06-3004627917ns5:LandBuildings2023-06-3004627917ns5:PlantMachinery2023-06-3004627917ns5:LandBuildings2024-06-3004627917ns5:PlantMachinery2024-06-3004627917ns5:LandBuildings2023-06-3004627917ns5:PlantMachinery2023-06-3004627917ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3004627917ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30046279171ns10:Director12023-06-30046279171ns10:Director12022-06-30046279171ns10:Director12023-07-012024-06-30046279171ns10:Director12022-07-012023-06-30046279171ns10:Director12024-06-30046279171ns10:Director12023-06-3004627917ns10:Director222023-06-3004627917ns10:Director222022-06-3004627917ns10:Director222023-07-012024-06-3004627917ns10:Director222022-07-012023-06-3004627917ns10:Director222024-06-3004627917ns10:Director222023-06-30
REGISTERED NUMBER: 04627917 (England and Wales)















TREVOR COPE SEEDS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6

Accountants' Report 7

TREVOR COPE SEEDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs G L Clarke
T M Cope





SECRETARY: Mrs G L Clarke





REGISTERED OFFICE: The Seed House
Pride Parkway
Sleaford
Lincolnshire
NG34 8GL





REGISTERED NUMBER: 04627917 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ

TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,891 369,481

CURRENT ASSETS
Stocks 151,537 161,051
Debtors 5 755,125 1,003,045
Cash at bank 157,570 270,520
1,064,232 1,434,616
CREDITORS
Amounts falling due within one year 6 722,568 887,392
NET CURRENT ASSETS 341,664 547,224
TOTAL ASSETS LESS CURRENT LIABILITIES 758,555 916,705

CREDITORS
Amounts falling due after more than one year 7 (237,275 ) (232,599 )

PROVISIONS FOR LIABILITIES (79,921 ) (50,563 )
NET ASSETS 441,359 633,543

CAPITAL AND RESERVES
Called up share capital 9 103 103
Retained earnings 441,256 633,440
441,359 633,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





Mrs G L Clarke - Director


TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Trevor Cope Seeds 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 100% on cost
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 295,000 193,920 488,920
Additions - 77,882 77,882
At 30 June 2024 295,000 271,802 566,802
DEPRECIATION
At 1 July 2023 - 119,439 119,439
Charge for year - 30,472 30,472
At 30 June 2024 - 149,911 149,911
NET BOOK VALUE
At 30 June 2024 295,000 121,891 416,891
At 30 June 2023 295,000 74,481 369,481

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 719,295 743,147
Amounts owed by group undertakings 6,428 252,296
Other debtors 29,402 7,602
755,125 1,003,045

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 14
Hire purchase contracts 14,364 6,593
Trade creditors 358,903 840,135
Taxation and social security 72,815 17,941
Other creditors 276,486 22,709
722,568 887,392

TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 63,466 43,421
Other creditors 173,809 189,178
237,275 232,599

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 169,516 174,723

The mortgage is secured by a fixed charge on The Seed House and by a floating charge on the property of the company

9. CALLED UP SHARE CAPITAL

2023 2022
£    £   
Allotted, issued and fully paid:
Number Class Nominal
Value
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
103 103

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs G L Clarke
Balance outstanding at start of year - 43,890
Amounts advanced 109,769 39,457
Amounts repaid (109,769 ) (83,347 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

T M Cope
Balance outstanding at start of year - (823 )
Amounts advanced - 823
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The amounts outstanding are unsecured, repayable on demand and interest is charged at the official rate.

TREVOR COPE SEEDS LIMITED (REGISTERED NUMBER: 04627917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. RELATED PARTY DISCLOSURES

At the balance sheet date interest free related party loans for £6,428 (2023: £252,296) were owed from the shareholders of the subsidiary and associated companies.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TREVOR COPE SEEDS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trevor Cope Seeds Limited for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Trevor Cope Seeds Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trevor Cope Seeds Limited and state those matters that we have agreed to state to the Board of Directors of Trevor Cope Seeds Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trevor Cope Seeds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trevor Cope Seeds Limited. You consider that Trevor Cope Seeds Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trevor Cope Seeds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
18 Northgate
Sleaford
Lincolnshire
NG34 7BJ


Date: .............................................