IRIS Accounts Production v25.3.0.601 08443660 Board of Directors 1.6.24 31.5.25 31.5.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 08443660 2024-05-31 08443660 2025-05-31 08443660 2024-06-01 2025-05-31 08443660 2023-05-31 08443660 2023-06-01 2024-05-31 08443660 2024-05-31 08443660 ns15:EnglandWales 2024-06-01 2025-05-31 08443660 ns14:PoundSterling 2024-06-01 2025-05-31 08443660 ns10:Director1 2024-06-01 2025-05-31 08443660 ns10:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08443660 ns10:SmallEntities 2024-06-01 2025-05-31 08443660 ns10:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 08443660 ns10:SmallCompaniesRegimeForDirectorsReport 2024-06-01 2025-05-31 08443660 ns10:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08443660 ns10:FullAccounts 2024-06-01 2025-05-31 08443660 ns10:Director2 2024-06-01 2025-05-31 08443660 ns10:Director3 2024-06-01 2025-05-31 08443660 ns10:Director4 2024-06-01 2025-05-31 08443660 ns10:Director5 2024-06-01 2025-05-31 08443660 ns10:CompanySecretary1 2024-06-01 2025-05-31 08443660 ns10:RegisteredOffice 2024-06-01 2025-05-31 08443660 ns5:CurrentFinancialInstruments 2025-05-31 08443660 ns5:CurrentFinancialInstruments 2024-05-31 08443660 ns5:ShareCapital 2025-05-31 08443660 ns5:ShareCapital 2024-05-31 08443660 ns5:RetainedEarningsAccumulatedLosses 2025-05-31 08443660 ns5:RetainedEarningsAccumulatedLosses 2024-05-31 08443660 ns5:PlantMachinery 2024-06-01 2025-05-31 08443660 ns5:FurnitureFittings 2024-06-01 2025-05-31 08443660 ns5:PlantMachinery 2024-05-31 08443660 ns5:FurnitureFittings 2024-05-31 08443660 ns5:PlantMachinery 2025-05-31 08443660 ns5:FurnitureFittings 2025-05-31 08443660 ns5:PlantMachinery 2024-05-31 08443660 ns5:FurnitureFittings 2024-05-31 08443660 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-05-31 08443660 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-05-31 08443660 ns5:DeferredTaxation 2024-05-31 08443660 ns5:DeferredTaxation 2024-06-01 2025-05-31 08443660 ns5:DeferredTaxation 2025-05-31

REGISTERED NUMBER: 08443660 (England and Wales)

| East Suffolk Produce Ltd |

| Unaudited Financial Statements |

| for the Year Ended 31 May 2025 |

East Suffolk Produce Ltd (Registered number: 08443660)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

East Suffolk Produce Ltd

Company Information

for the Year Ended 31 May 2025

| DIRECTORS: | JRJ Wrinch

| JR Foskett

| MJ Gregory

| WE Wrinch

| AJ Francis

| SECRETARY: | JRJ Wrinch

| REGISTERED OFFICE: | Low Farm

| Bridge Road

| Bromeswell

| Woodbridge

| Suffolk

| IP12 2QB

| REGISTERED NUMBER: | 08443660 (England and Wales)

| ACCOUNTANTS: | The Hutchinson Partnership Limited

| trading as The Hutchinson Partnership

| Chartered Accountants

| The Bull Pen

| Grove Farm

| Portway, Burghill

| Hereford

| HR4 8NF

| BANKERS: | HSBC

| 12 Tavern Street

| Ipswich

| Suffolk

| IP1 3AZ

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

East Suffolk Produce Ltd

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 Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Directors' Report 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 East Suffolk Produce Ltd for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of East Suffolk Produce Ltd, 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 East Suffolk Produce Ltd and state those matters that we have agreed to state to the Board of Directors of East Suffolk Produce Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than East Suffolk Produce Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that East Suffolk Produce Ltd 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 East Suffolk Produce Ltd. You consider that East Suffolk Produce Ltd 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 East Suffolk Produce Ltd. 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

13 October 2025

East Suffolk Produce Ltd (Registered number: 08443660)

Balance Sheet

31 May 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 188,920 |  | 89,061 |  |

CURRENT ASSETS

Debtors | 5 | 1,987,115 |  | 1,512,377 |  |

Cash at bank and in hand | 1,301,370 |  | 1,260,961 |  |

3,288,485 |  | 2,773,338 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,197,048 |  | 1,828,251 |  |

NET CURRENT ASSETS | 1,091,437 |  | 945,087 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,280,357 |  | 1,034,148 |  |

PROVISIONS FOR LIABILITIES | 7 | 47,231 |  | 22,266 |  |

NET ASSETS | 1,233,126 |  | 1,011,882 |  |

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital | 500 |  | 500 |  |

Retained earnings | 1,232,626 |  | 1,011,382 |  |

SHAREHOLDERS' FUNDS | 1,233,126 |  | 1,011,882 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

East Suffolk Produce Ltd (Registered number: 08443660)

Balance Sheet - continued

31 May 2025

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 13 October 2025 and were signed on its behalf by:

JR Foskett - Director

East Suffolk Produce Ltd (Registered number: 08443660)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| East Suffolk Produce Ltd 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.

| The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on the going concern basis.

| Turnover

| The company markets and sells agricultural produce as principal, but accepts no stock risk in doing so. In some cases the company acts as agent and therefore only recognises the marketing fee as turnover.

| 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 reducing balance

| Office equipment | - | 25% on reducing balance

| 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 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

East Suffolk Produce Ltd (Registered number: 08443660)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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

| The average number of employees during the year was 7 (2024 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Office |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 152,840 |  | 40,342 |  | 193,182 |  |

| Additions | 131,571 |  | 12,370 |  | 143,941 |  |

| Disposals | (24,052 | ) | - |  | (24,052 | ) |

| At 31 May 2025 | 260,359 |  | 52,712 |  | 313,071 |  |

| DEPRECIATION

| At 1 June 2024 | 79,759 |  | 24,362 |  | 104,121 |  |

| Charge for year | 37,102 |  | 4,230 |  | 41,332 |  |

| Eliminated on disposal | (21,302 | ) | - |  | (21,302 | ) |

| At 31 May 2025 | 95,559 |  | 28,592 |  | 124,151 |  |

| NET BOOK VALUE

| At 31 May 2025 | 164,800 |  | 24,120 |  | 188,920 |  |

| At 31 May 2024 | 73,081 |  | 15,980 |  | 89,061 |  |

| HSBC have a fixed and floating charge over all assets of the company.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,982,971 |  | 1,509,038 |  |

| Prepayments and accrued income | 4,144 |  | 3,339 |  |

1,987,115 |  | 1,512,377 |  |

| HSBC have a fixed and floating charge over all assets of the company.

East Suffolk Produce Ltd (Registered number: 08443660)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 1,921,030 |  | 1,589,003 |  |

| Corporation tax payable | 150,548 |  | 126,959 |  |

| Social security and other taxes | 4,807 |  | 3,554 |  |

| VAT | 17,768 |  | 24,789 |  |

| Accruals and deferred income | 102,895 |  | 83,946 |  |

2,197,048 |  | 1,828,251 |  |

7. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax - Accelerated capital allowances | 47,231 |  | 22,266 |  |

| Deferred |

| tax |

£ |

| Balance at 1 June 2024 | 22,266 |  |

| Provided during year | 24,965 |  |

| Balance at 31 May 2025 | 47,231 |  |

8. | CAPITAL COMMITMENTS

2025 | 2024 |

£ | £ |

| Contracted but not provided for in the

| financial statements | - |  | 10,500 |  |

9. | RELATED PARTY DISCLOSURES

| During the year businesses over which the directors have influence used East Suffolk Produce Ltd to trade their potatoes. East Suffolk Produce purchased these potatoes from the members for £15,984,483 (2024 - £14,599,403). The members also paid management fees of £41,620 (2024 - £42,034).