IRIS Accounts Production v24.3.2.46 03165809 Board of Directors Board of Directors 1.7.23 30.6.24 30.6.24 5/11/2024 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031658092023-06-30031658092024-06-30031658092023-07-012024-06-30031658092022-06-30031658092022-07-012023-06-30031658092023-06-3003165809ns15:EnglandWales2023-07-012024-06-3003165809ns14:PoundSterling2023-07-012024-06-3003165809ns10:Director12023-07-012024-06-3003165809ns10:Director22023-07-012024-06-3003165809ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003165809ns10:SmallEntities2023-07-012024-06-3003165809ns10:Audited2023-07-012024-06-3003165809ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003165809ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003165809ns10:FullAccounts2023-07-012024-06-3003165809ns10:Director32023-07-012024-06-3003165809ns10:Director42023-07-012024-06-3003165809ns10:Director52023-07-012024-06-3003165809ns10:Director62023-07-012024-06-3003165809ns10:RegisteredOffice2023-07-012024-06-3003165809ns5:CurrentFinancialInstruments2024-06-3003165809ns5:CurrentFinancialInstruments2023-06-3003165809ns5:Non-currentFinancialInstruments2024-06-3003165809ns5:Non-currentFinancialInstruments2023-06-3003165809ns5:ShareCapital2024-06-3003165809ns5:ShareCapital2023-06-3003165809ns5:CapitalRedemptionReserve2024-06-3003165809ns5:CapitalRedemptionReserve2023-06-3003165809ns5:PlantMachinery2023-07-012024-06-3003165809ns5:PlantMachinery2023-06-3003165809ns5:PlantMachinery2024-06-3003165809ns5:PlantMachinery2023-06-3003165809ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3003165809ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-3003165809ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-3003165809ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-3003165809ns5:CostValuation2023-06-3003165809ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003165809ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003165809ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-06-3003165809ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-06-3003165809ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-06-3003165809ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3003165809ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-3003165809ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-3003165809ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-3003165809ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-3003165809ns5:HirePurchaseContracts2024-06-3003165809ns5:HirePurchaseContracts2023-06-3003165809ns5:WithinOneYear2024-06-3003165809ns5:WithinOneYear2023-06-3003165809ns5:BetweenOneFiveYears2024-06-3003165809ns5:BetweenOneFiveYears2023-06-3003165809ns5:AllPeriods2024-06-3003165809ns5:AllPeriods2023-06-3003165809ns5:Secured2024-06-3003165809ns5:Secured2023-06-30
REGISTERED NUMBER: 03165809 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SWAYTHORPE GROWERS LIMITED

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SWAYTHORPE GROWERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T S Rymer
R P Harrison
M J Hayward
I J Keyes
R A Meadley
T J Burdass





REGISTERED OFFICE: Sandhill
Garton Road
Kirkburn
Driffield
East Yorkshire
YO25 9DR





REGISTERED NUMBER: 03165809 (England and Wales)





AUDITORS: BCO Accountants LLP
Chartered Certified Accountants
and Statutory Auditors
Driffield

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,571,579 1,651,743
Investments 5 2,500,000 2,500,000
5,071,579 4,151,743

CURRENT ASSETS
Stocks 133,853 121,439
Debtors 6 1,980,310 2,191,725
Cash at bank 30,987 6,425
2,145,150 2,319,589
CREDITORS
Amounts falling due within one year 7 (3,119,091 ) (2,881,594 )
NET CURRENT LIABILITIES (973,941 ) (562,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,097,638

3,589,738

CREDITORS
Amounts falling due after more than one
year

8

(4,088,538

)

(3,580,638

)
NET ASSETS 9,100 9,100

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Capital redemption reserve 1,100 1,100
SHAREHOLDERS' FUNDS 9,100 9,100

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 6 August 2024 and were signed on its behalf by:




T S Rymer - Director



R P Harrison - Director


SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


1. STATUTORY INFORMATION

Swaythorpe 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.

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 the provision of agricultural commodities.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 10% on cost and Straight line over 7 years

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 and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss 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 year 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.

Investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value where appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 2,587,154
Additions 1,352,482
Disposals (26,338 )
At 30 June 2024 3,913,298
DEPRECIATION
At 1 July 2023 935,411
Charge for year 423,965
Eliminated on disposal (17,657 )
At 30 June 2024 1,341,719
NET BOOK VALUE
At 30 June 2024 2,571,579
At 30 June 2023 1,651,743

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

Plant and
machinery
etc
£   
COST
At 1 July 2023 2,224,794
Additions 1,310,395
At 30 June 2024 3,535,189
DEPRECIATION
At 1 July 2023 705,072
Charge for year 387,207
At 30 June 2024 1,092,279
NET BOOK VALUE
At 30 June 2024 2,442,910
At 30 June 2023 1,519,722

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 1,125,000 1,125,000
Other loans 1,375,000 1,375,000
2,500,000 2,500,000

Additional information is as follows:
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 1,125,000
NET BOOK VALUE
At 30 June 2024 1,125,000
At 30 June 2023 1,125,000
Other
loans
£   
At 1 July 2023
and 30 June 2024 1,375,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,769,271 1,366,765
Other debtors 211,039 824,960
1,980,310 2,191,725

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 468,667 431,866
Hire purchase contracts (see note 9) 593,611 475,593
Trade creditors 1,789,203 1,844,768
Accruals 70,014 51,729
Deferred income 197,596 77,638
3,119,091 2,881,594

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 276,621 272,714
Bank loans - 2-5 years 315,080 591,351
Hire purchase contracts (see note 9) 1,156,065 1,082,776
Members' loans 1,714,795 1,400,883
Deferred income 625,977 232,914
4,088,538 3,580,638

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 593,611 475,593
Between one and five years 1,156,065 1,082,776
1,749,676 1,558,369

Non-cancellable operating leases
2024 2023
£    £   
Within one year 7,350 7,350
Between one and five years 14,700 22,050
22,050 29,400

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 195,968 162,915
Bank loans 864,400 1,133,016
Hire purchase contracts 1,749,676 1,558,369
2,810,044 2,854,300

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

With respect of the stock having a carrying amount of £121,439 at 30 June 2023, the audit evidence available to us was limited because we did not observe the counting of the physical stock at 30 June 2023. Owing to the nature of the company's records, we were unable to obtain sufficient appropriate audit evidence regarding the stock quantities and values by using other audit procedures.

Christopher Bryan Wilson FCCA (Senior Statutory Auditor)
for and on behalf of BCO Accountants LLP

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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


12. MEMBERS LOANS

At 30 June 2024 the following unsecured loans were provided by the members to the company:

2024 2023
£ £

Harrison Farms Ltd 113,853 96,197
T S Rymer 143,302 128,610
D B Lamplough 23,634 20,361
R Meadley 14,881 13,265
Routh Farms Limited 111,485 90,557
E A Atkinson 21,508 17,425
Barton Farms 11,943 10,012
M A & J M Bell 12,456 10,230
J H Boynton & Son - 7,996
Broadtrench Limited 49,950 38,135
J D Burdass & Son 15,387 12,940
J & M Burdass 38,869 33,883
R D Burdass & Sons 13,337 11,738
Burton Agnes Stud Co. Limited 16,738 12,271
Burton Constable Farms 43,016 39,662
R Byas 29,502 27,150
TB Clappison Limited 6,358 4,742
R H Clarkson & Sons 14,221 12,193
Curtis Farms 14,336 12,767
A Dawson & Co (Estates) Limited 29,218 25,557
Eastburn Farms Limited 37,640 32,193
E Falkingham & Sons Limited 21,311 17,230
M Field 10,128 8,940
J A Fry Ltd 8,972 7,623
M B & J Goodwin Limited 43,784 38,742
Hood Farms 8,161 6,706
JC Jackson & Son Ltd 2,800 2,800
C G Kendall Limited 13,348 11,193
R Kendall Ltd 5,950 5,950
Kirby Wold Farming Ltd 14,786 12,218
Riston Farms 24,150 20,880
C E & C Knaggs & Sons 4,534 3,681
Lee & Co 20,560 17,667
Robert Lindley Ltd 16,383 12,916
Low Farm Contract 7,452 5,683
R H Mason 16,185 13,680
J K B Megginson & Sons Limited 20,249 15,417
J H & M W Mewburn 30,572 25,365
H L Middlewood & Son 21,224 18,475
HA & HR Milner 3,150 3,150
J W Morley 17,667 14,646
W Nutt & Son Ltd 22,116 15,063
C C Reed & Co. Ltd 29,597 25,570
J E S Richardson 8,870 7,346
Righton Moor Estates Trust 10,766 9,130
Rivis Partners 34,556 27,355
J C Robinson Ltd 23,085 19,067
Rosemount Farmers 20,214 17,697
J Savile 8,773 7,495
T Soanes & Son 119,929 102,295

SWAYTHORPE GROWERS LIMITED (REGISTERED NUMBER: 03165809)

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

Springfields Farms 21,280 16,600
R Stephenson & Sons 16,554 13,454
James Stockdale Ltd 9,362 7,217
S F Stubbings 27,341 23,687
James H Tenant 34,836 28,815
Towthorpe Wold Farming Ltd 20,728 16,970
T J & M A Vasey 8,428 7,026
W R Warkup 17,147 14,723
C N Warkup & Sons 20,323 17,246
F H Wastling & Sons 63,327 48,834
Willerby Road Farm 13,629 10,267
E E Wilkinson & Son 8,417 6,944
A E Witty 37,855 29,990
W P Wreathall 9,291 7,246
Brian Basham and Son 2,520 -
G & H Cholmley 11,900 -
A Cusson & Son 8,400 -
Edward Fisher & Co Ltd 4,550 -
N & P Wrigley 7,000 -
C Mason & Son 4,200 -
Scampston Farm Company Ltd 9,800 -
Willerby Wold Piggeries 7,000 -

1,714,794 1,400,883