Company Registration No. 07708278 (England and Wales)
Riverview Farm Eggs Limited
Unaudited accounts
for the year ended 31 July 2023
Riverview Farm Eggs Limited
Unaudited accounts
Contents
Riverview Farm Eggs Limited
Company Information
for the year ended 31 July 2023
Company Number
07708278 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Riverview Farm Eggs Limited
Statement of financial position
as at 31 July 2023
Tangible assets
5,411
7,569
Cash at bank and in hand
58,732
54,486
Creditors: amounts falling due within one year
(48,851)
(62,563)
Net current assets/(liabilities)
31,384
(1,822)
Called up share capital
100
100
Profit and loss account
36,695
7,647
Shareholders' funds
36,795
7,747
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2024 and were signed on its behalf by
C Parsons
Director
Company Registration No. 07708278
Riverview Farm Eggs Limited
Notes to the Accounts
for the year ended 31 July 2023
Riverview Farm Eggs Limited is a private company, limited by shares, registered in England and Wales, registration number 07708278. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Riverview Farm Eggs Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
1,155
35,401
36,556
Disposals
-
(4,750)
(4,750)
At 31 July 2023
1,155
30,651
31,806
At 1 August 2022
994
27,993
28,987
Charge for the year
32
1,852
1,884
On disposals
-
(4,476)
(4,476)
At 31 July 2023
1,026
25,369
26,395
At 31 July 2023
129
5,282
5,411
At 31 July 2022
161
7,408
7,569
Amounts falling due within one year
Trade debtors
12,541
5,000
Riverview Farm Eggs Limited
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,347
28,139
Taxes and social security
15,676
6,831
Loans from directors
18,552
26,629
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).