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REGISTERED NUMBER: SC519410 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ELRIG EGGS LIMITED

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


ELRIG EGGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J S Gerrish
Mrs L Gerrish





REGISTERED OFFICE: Elrig Farm
Elrig
Port William
Newton Stewart
Wigtownshire
DG8 9RB





REGISTERED NUMBER: SC519410 (Scotland)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ELRIG EGGS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Elrig Eggs Limited for the year ended 31 October 2023 which comprise the Profit and Loss, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Elrig Eggs Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elrig Eggs Limited and state those matters that we have agreed to state to the Board of Directors of Elrig Eggs Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Elrig Eggs Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Elrig Eggs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elrig Eggs Limited. You consider that Elrig Eggs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elrig Eggs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


25 July 2024

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,912,137 4,806,385

CURRENT ASSETS
Stocks 290,014 302,094
Debtors 5 258,151 267,393
Cash at bank 165,236 -
713,401 569,487
CREDITORS
Amounts falling due within one year 6 211,020 1,005,192
NET CURRENT ASSETS/(LIABILITIES) 502,381 (435,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,414,518

4,370,680

CREDITORS
Amounts falling due after more than one year 7 (3,063,383 ) (3,061,475 )

PROVISIONS FOR LIABILITIES (743,136 ) (334,371 )
NET ASSETS 1,607,999 974,834

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,607,899 974,734
SHAREHOLDERS' FUNDS 1,607,999 974,834

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

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

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

BALANCE SHEET - continued
31 OCTOBER 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





J S Gerrish - Director


ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Elrig Eggs Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Profit and Loss, 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.

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.

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 7,480,689
Additions 934,293
Disposals (25,000 )
At 31 October 2023 8,389,982
DEPRECIATION
At 1 November 2022 2,674,304
Charge for year 816,169
Eliminated on disposal (12,628 )
At 31 October 2023 3,477,845
NET BOOK VALUE
At 31 October 2023 4,912,137
At 31 October 2022 4,806,385

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 127,000
Transfer to ownership (25,000 )
At 31 October 2023 102,000
DEPRECIATION
At 1 November 2022 27,886
Charge for year 17,348
Transfer to ownership (12,628 )
At 31 October 2023 32,606
NET BOOK VALUE
At 31 October 2023 69,394
At 31 October 2022 99,114

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 211,089 231,004
Other debtors 47,062 36,389
258,151 267,393

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts - 458,710
Hire purchase contracts 9,000 13,200
Trade creditors 144,536 441,446
Other creditors 57,484 91,836
211,020 1,005,192

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 3,053,633 3,038,875
Hire purchase contracts 9,750 22,600
3,063,383 3,061,475

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan - 7 1,298,746 1,427,359
Bank loan - 8 1,456,778 1,611,516
Bank loan - 9 298,109 -
3,053,633 3,038,875

ELRIG EGGS LIMITED (REGISTERED NUMBER: SC519410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
J S Gerrish
Balance outstanding at start of year 81,008 229
Amounts advanced 157,826 106,910
Amounts repaid (193,004 ) (26,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,830 81,008