Company registration number 11516309 (England and Wales)
NO6 EGG COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
NO6 EGG COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NO6 EGG COMPANY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
489,720
485,229
Current assets
Stocks
47,000
25,000
Debtors
4
30,628
30,566
Cash at bank and in hand
102,081
76,933
179,709
132,499
Creditors: amounts falling due within one year
5
(19,046)
(19,392)
Net current assets
160,663
113,107
Total assets less current liabilities
650,383
598,336
Creditors: amounts falling due after more than one year
6
(637,266)
(621,706)
Provisions for liabilities
-
0
(48,275)
Net assets/(liabilities)
13,117
(71,645)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
13,017
(71,745)
Total equity
13,117
(71,645)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 November 2023
Mr D J Lydiate
Director
Company Registration No. 11516309
NO6 EGG COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information

No6 Egg Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Tynyberth, Abbeycwmhir, Llandrindod Wells, Powys, LD1 6PU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
25% straight line
Motor vehicles
25% reducing balance
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

NO6 EGG COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
NO6 EGG COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 September 2022
286,415
223,129
113
4,154
-
0
513,811
Additions
11,830
21,000
1,260
-
0
14,675
48,765
At 31 August 2023
298,245
244,129
1,373
4,154
14,675
562,576
Depreciation and impairment
At 1 September 2022
-
0
27,993
2
587
-
0
28,582
Depreciation charged in the year
-
0
41,126
274
1,039
1,835
44,274
At 31 August 2023
-
0
69,119
276
1,626
1,835
72,856
Carrying amount
At 31 August 2023
298,245
175,010
1,097
2,528
12,840
489,720
At 31 August 2022
286,415
195,136
111
3,567
-
0
485,229
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
29,503
29,528
Other debtors
1,125
1,038
30,628
30,566
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
15,132
14,400
Trade creditors
152
169
Taxation and social security
1,889
1,123
Other creditors
1,873
3,700
19,046
19,392

Included in bank loans above is an amount of £15,132 (2022 - £14,400) secured over the freehold land and buildings.

NO6 EGG COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
268,144
283,276
Other creditors
369,122
338,430
637,266
621,706

Included in bank loans and overdrafts above is an amount of £268,144 (2022 - £283,276) secured over the freehold land and buildings.

Creditors which fall due after five years are as follows:
2023
2022
£
£
Payable by instalments
199,542
217,986
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Directors' transactions

The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the director and credited with funds introduced and undrawn director's fees. At the year end the amount outstanding to the director was £188,942 (2022 - £158,430) being included in other creditors: amounts falling due after more than one year.

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