IRIS Accounts Production v24.3.2.46 05903900 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 5/2/2025 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059039002023-09-30059039002024-09-30059039002023-10-012024-09-30059039002022-09-30059039002022-10-012023-09-30059039002023-09-3005903900ns15:EnglandWales2023-10-012024-09-3005903900ns14:PoundSterling2023-10-012024-09-3005903900ns10:Director12023-10-012024-09-3005903900ns10:Director22023-10-012024-09-3005903900ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005903900ns10:SmallEntities2023-10-012024-09-3005903900ns10:Audited2023-10-012024-09-3005903900ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005903900ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005903900ns10:FullAccounts2023-10-012024-09-3005903900ns10:Director32023-10-012024-09-3005903900ns10:Director42023-10-012024-09-3005903900ns10:Director52023-10-012024-09-3005903900ns10:Director62023-10-012024-09-3005903900ns10:CompanySecretary12023-10-012024-09-3005903900ns10:RegisteredOffice2023-10-012024-09-3005903900ns5:CurrentFinancialInstruments2024-09-3005903900ns5:CurrentFinancialInstruments2023-09-3005903900ns5:Non-currentFinancialInstruments2024-09-3005903900ns5:Non-currentFinancialInstruments2023-09-3005903900ns5:ShareCapital2024-09-3005903900ns5:ShareCapital2023-09-3005903900ns5:RetainedEarningsAccumulatedLosses2024-09-3005903900ns5:RetainedEarningsAccumulatedLosses2023-09-3005903900ns5:PlantMachinery2023-09-3005903900ns5:PlantMachinery2023-10-012024-09-3005903900ns5:PlantMachinery2024-09-3005903900ns5:PlantMachinery2023-09-3005903900ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3005903900ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-012024-09-3005903900ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-09-3005903900ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-09-3005903900ns5:CostValuation2023-09-3005903900ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3005903900ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3005903900ns5:Non-currentFinancialInstruments2023-10-012024-09-3005903900ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-09-3005903900ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-09-3005903900ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3005903900ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3005903900ns5:HirePurchaseContracts2024-09-3005903900ns5:HirePurchaseContracts2023-09-3005903900ns5:WithinOneYear2024-09-3005903900ns5:WithinOneYear2023-09-3005903900ns5:BetweenOneFiveYears2024-09-3005903900ns5:BetweenOneFiveYears2023-09-3005903900ns5:MoreThanFiveYears2024-09-3005903900ns5:MoreThanFiveYears2023-09-3005903900ns5:AllPeriods2024-09-3005903900ns5:AllPeriods2023-09-30
REGISTERED NUMBER: 05903900 (England and Wales)













AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 2024










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 2024







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





SECRETARY: British Growers Association Ltd





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 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,658,369 3,117,585
Investments 5 2 2
3,658,371 3,117,587

CURRENT ASSETS
Stocks 316,013 227,578
Debtors 6 2,395,051 708,204
Cash at bank 337,974 2,805,078
3,049,038 3,740,860
CREDITORS
Amounts falling due within one year 7 (1,279,392 ) (1,548,700 )
NET CURRENT ASSETS 1,769,646 2,192,160
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,428,017

5,309,747

CREDITORS
Amounts falling due after more than one
year

8

(1,584,510

)

(1,221,455

)
NET ASSETS 3,843,507 4,088,292

CAPITAL AND RESERVES
Called up share capital 261 260
Retained earnings 3,843,246 4,088,032
SHAREHOLDERS' FUNDS 3,843,507 4,088,292

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 15 January 2025 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 2024


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 are depreciated at 25% per annum. 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 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 8,877,272
Additions 1,540,474
Disposals (928,719 )
At 30 September 2024 9,489,027
DEPRECIATION
At 1 October 2023 5,759,687
Charge for year 999,690
Eliminated on disposal (928,719 )
At 30 September 2024 5,830,658
NET BOOK VALUE
At 30 September 2024 3,658,369
At 30 September 2023 3,117,585

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

Plant and
machinery
etc
£   
COST
At 1 October 2023 3,151,140
Additions 1,332,816
Transfer to ownership (973,090 )
At 30 September 2024 3,510,866
DEPRECIATION
At 1 October 2023 1,081,453
Charge for year 438,858
Transfer to ownership (486,544 )
At 30 September 2024 1,033,767
NET BOOK VALUE
At 30 September 2024 2,477,099
At 30 September 2023 2,069,687

THE GREEN PEA COMPANY LIMITED (REGISTERED NUMBER: 05903900)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 2
NET BOOK VALUE
At 30 September 2024 2
At 30 September 2023 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 2024.

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
2024 2023
£    £   
Trade debtors 1,161,294 4,091
Other debtors 1,233,757 704,113
2,395,051 708,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 725,337 754,944
Trade creditors 87,574 126,370
Taxation and social security 183,831 416,902
Other creditors 282,650 250,484
1,279,392 1,548,700

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 1,193,827 819,564
Other creditors 390,683 401,891
1,584,510 1,221,455

Included in creditors due over one year is £196,410 (2023 - £114,056) 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 2024


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 725,337 754,944
Between one and five years 1,193,827 819,564
1,919,164 1,574,508

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,875 23,500
Between one and five years 52,000 65,875
In more than five years - 4,000
69,875 93,375

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,919,164 1,574,508

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