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REGISTERED NUMBER: 01807134 (England and Wales)












Unaudited Financial Statements

for the Period

1 November 2022 to 31 July 2023

for

Wyre Valley Eggs Limited

Wyre Valley Eggs Limited (Registered number: 01807134)

Contents of the Financial Statements
for the Period 1 November 2022 to 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wyre Valley Eggs Limited

Company Information
for the Period 1 November 2022 to 31 July 2023







DIRECTORS: Mr ER Cooper
Mrs J Cooper



SECRETARY: Mrs J Cooper



REGISTERED OFFICE: Hillside
Park Lane
Preesall
Poulton Le Fylde
Lancashire
FY6 0DZ



REGISTERED NUMBER: 01807134 (England and Wales)



ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ



BANKERS: National Westminster Bank PLC
Market Place
Garstang
Preston
Lancashire
PR3 1XD

Wyre Valley Eggs Limited (Registered number: 01807134)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 94,514
- 94,514

CURRENT ASSETS
Stocks - 6,600
Debtors 6 2,359 67,457
Cash at bank and in hand 50,487 83,311
52,846 157,368
CREDITORS
Amounts falling due within one year 7 47,447 91,987
NET CURRENT ASSETS 5,399 65,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,399

159,895

PROVISIONS FOR LIABILITIES - 13,710
NET ASSETS 5,399 146,185

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 4,998 4,998
Retained earnings 398 141,184
SHAREHOLDERS' FUNDS 5,399 146,185

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

Wyre Valley Eggs Limited (Registered number: 01807134)

Balance Sheet - continued
31 July 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 26 October 2023 and were signed on its behalf by:




Mr ER Cooper - Director Mrs J Cooper - Director




Ms H Cooper - Director


Wyre Valley Eggs Limited (Registered number: 01807134)

Notes to the Financial Statements
for the Period 1 November 2022 to 31 July 2023


1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of egg rounds in 2019 and 2020, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the period 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 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 period 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.

Wyre Valley Eggs Limited (Registered number: 01807134)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 July 2023


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 AND DIRECTORS

The average number of employees during the period was 9 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022 64,400
Disposals (64,400 )
At 31 July 2023 -
AMORTISATION
At 1 November 2022 64,400
Eliminated on disposal (64,400 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 65,059 221,802 286,861
Disposals (65,059 ) (221,802 ) (286,861 )
At 31 July 2023 - - -
DEPRECIATION
At 1 November 2022 43,768 148,579 192,347
Charge for period 21,291 12,364 33,655
Eliminated on disposal (65,059 ) (160,943 ) (226,002 )
At 31 July 2023 - - -
NET BOOK VALUE
At 31 July 2023 - - -
At 31 October 2022 21,291 73,223 94,514

Wyre Valley Eggs Limited (Registered number: 01807134)

Notes to the Financial Statements - continued
for the Period 1 November 2022 to 31 July 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,359 55,678
Other debtors - 11,779
2,359 67,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,423 76,617
Taxation and social security 688 3,183
Other creditors 44,336 12,187
47,447 91,987

8. RELATED PARTY DISCLOSURES

At 31 July 2023 Wyre Valley Eggs Ltd owed £44,336 to the directors (2022 - £9,387). No interest has been charged to the company in respect of this loan, which is repayable on demand and classified in creditors due within one year.