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REGISTERED NUMBER: 06991208 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Crosscynon Free Range Eggs Limited

Crosscynon Free Range Eggs Limited (Registered number: 06991208)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crosscynon Free Range Eggs Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R P Bowen
Mrs E A Bowen
C P Bowen
G E P Bowen





REGISTERED OFFICE: Lower Crosscynon
Llanbister
Llandrinodod Wells
Powys
LD1 6TL





REGISTERED NUMBER: 06991208 (England and Wales)





ACCOUNTANTS: Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
9 High Street
Newtown
Powys
SY16 2NY

Crosscynon Free Range Eggs Limited (Registered number: 06991208)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,282,052 1,389,189

CURRENT ASSETS
Stocks 30,179 114,665
Debtors 5 189,631 443,212
Cash at bank 443 443
220,253 558,320
CREDITORS
Amounts falling due within one year 6 467,447 799,024
NET CURRENT LIABILITIES (247,194 ) (240,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,034,858

1,148,485

CREDITORS
Amounts falling due after more than one
year

7

(1,517,124

)

(1,619,898

)

PROVISIONS FOR LIABILITIES (73,374 ) (18,730 )
NET LIABILITIES (555,640 ) (490,143 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (555,740 ) (490,243 )
(555,640 ) (490,143 )

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

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

Crosscynon Free Range Eggs Limited (Registered number: 06991208)

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




R P Bowen - Director Mrs E A Bowen - Director




C P Bowen - Director G E P Bowen - Director


Crosscynon Free Range Eggs Limited (Registered number: 06991208)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Crosscynon Free Range 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 etc - 10% 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.

Taxation
Taxation for the year 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Crosscynon Free Range Eggs Limited (Registered number: 06991208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 2,374,966
DEPRECIATION
At 1 April 2022 985,777
Charge for year 107,137
At 31 March 2023 1,092,914
NET BOOK VALUE
At 31 March 2023 1,282,052
At 31 March 2022 1,389,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 107,755 250,179
Other debtors 81,876 193,033
189,631 443,212

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 275,975 328,676
Trade creditors 107,029 225,773
Taxation and social security 890 -
Other creditors 83,553 244,575
467,447 799,024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 1,517,124 1,619,898

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 1,517,124 1,619,898

Loans are secured against property owned by a partnership in which the directors are also partners.

Crosscynon Free Range Eggs Limited (Registered number: 06991208)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors includes £51,739 (2022 - £195,975) due to the company's directors.

10. RELATED PARTY DISCLOSURES

During the year purchases of £902,275 (2022: £778,760) were made from a related party Bulk Agri Ltd.