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REGISTERED NUMBER: 04854863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

EGGSELL LIMITED

EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EGGSELL LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: T G Elliott
S P Elliott
Mrs C A Elliott
C D Kirkwood
M Elliott
T C Kirkwood





SECRETARY: Mrs C A Elliott





REGISTERED OFFICE: Manor House
Catfoss Road
Bewholme
Driffield
East Yorkshire
YO25 8DX





REGISTERED NUMBER: 04854863 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 785,634 338,913

CURRENT ASSETS
Stocks 568,282 595,404
Debtors 5 6,496,607 3,545,872
Cash at bank and in hand 249,424 67,234
7,314,313 4,208,510
CREDITORS
Amounts falling due within one year 6 4,404,480 2,931,522
NET CURRENT ASSETS 2,909,833 1,276,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,695,467

1,615,901

CREDITORS
Amounts falling due after more than one year 7 (73,867 ) (34,008 )

PROVISIONS FOR LIABILITIES (196,408 ) (84,728 )
NET ASSETS 3,425,192 1,497,165

CAPITAL AND RESERVES
Called up share capital 125,002 125,002
Retained earnings 3,300,190 1,372,163
SHAREHOLDERS' FUNDS 3,425,192 1,497,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

BALANCE SHEET - continued
30 June 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mrs C A Elliott - Director


EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Eggsell Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Manor Farm, Catfoss Road, Bewholme, Driffield, YO25 8DX. The company's registered number is 04854863.

The principal activity of the company is the packaging of eggs.

The presentational currency of the financial statements is 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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. 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. Stock is calculated on the first in first out basis.


EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on the tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 15 (2022 - 18 ) .

EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 584,356 46,704 15,384 646,444
Additions 102,429 448,953 585 551,967
Disposals (13,764 ) - - (13,764 )
At 30 June 2023 673,021 495,657 15,969 1,184,647
DEPRECIATION
At 1 July 2022 285,117 11,964 10,450 307,531
Charge for year 66,289 36,066 806 103,161
Eliminated on disposal (11,679 ) - - (11,679 )
At 30 June 2023 339,727 48,030 11,256 399,013
NET BOOK VALUE
At 30 June 2023 333,294 447,627 4,713 785,634
At 30 June 2022 299,239 34,740 4,934 338,913

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 125,000
At 30 June 2023 125,000
DEPRECIATION
Charge for year 16,667
At 30 June 2023 16,667
NET BOOK VALUE
At 30 June 2023 108,333

EGGSELL LIMITED (REGISTERED NUMBER: 04854863)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,143,147 3,389,193
Other debtors 193,597 -
Tax - 58,802
VAT 128,982 71,794
Prepayments 30,881 26,083
6,496,607 3,545,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,934 9,680
Hire purchase contracts 32,302 -
Trade creditors 3,896,755 2,899,127
Amounts owed to group undertakings 4,691 3,331
Tax 440,062 -
Social security and other taxes 13,675 12,562
Other creditors 3,279 3,353
Accrued expenses 3,782 3,469
4,404,480 2,931,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,185 9,934
Bank loans - 2-5 years 13,889 24,074
Hire purchase contracts 49,793 -
73,867 34,008