Company No:
Contents
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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359,506 | ||
Current assets | ||
Stocks | 4, 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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378,103 | ||
Creditors: amounts falling due within one year | 7 | (
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Net current liabilities | (9,497) | |
Total assets less current liabilities | 350,009 | |
Creditors: amounts falling due after more than one year | 8 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Devon & Somerset Eggs Ltd (registered number:
C S James
Director |
A L Lampitt
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Devon & Somerset Eggs Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Leasehold improvements |
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Plant and machinery |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Included within stocks are current biological assets being poultry.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Period from 04.01.2023 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Leasehold improve- ments |
Plant and machinery | Total | |||
£ | £ | £ | |||
Cost | |||||
At 04 January 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated depreciation | |||||
At 04 January 2023 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||||
At 31 December 2023 |
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31.12.2023 | |
£ | |
Stocks |
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Livestock |
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Assets held at cost:
Poultry | Total | ||
£ | £ | ||
Cost | |||
At 04 January 2023 | 0 | 0 | |
Increase due to purchases/ transfers in | 150,447 | 150,447 | |
At 31 December 2023 | 150,447 | 150,447 | |
31.12.2023 | |
£ | |
Trade debtors |
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Accrued income |
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VAT recoverable |
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Other taxation and social security |
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31.12.2023 | |
£ | |
Bank loans |
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Trade creditors |
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Amounts owed to directors |
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Accruals |
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Other creditors |
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31.12.2023 | |
£ | |
Bank loans |
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Amounts repayable after more than 5 years are included in creditors falling due over one year:
31.12.2023 | |
£ | |
Bank loans |
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