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REGISTERED NUMBER: 04573497 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

JUST EGG (CHILLED FOODS) LIMITED

JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JUST EGG (CHILLED FOODS) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr P Pancholi





REGISTERED OFFICE: Unit 7
Hill Top Road
Hamilton Business Park
Leicester
Leicestershire
LE5 1TT





REGISTERED NUMBER: 04573497 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 254,807 297,570

CURRENT ASSETS
Stocks 148,324 138,166
Debtors 5 1,366,951 1,235,408
Cash at bank and in hand 323,397 288,488
1,838,672 1,662,062
CREDITORS
Amounts falling due within one year 6 (1,084,453 ) (1,125,582 )
NET CURRENT ASSETS 754,219 536,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,026

834,050

CREDITORS
Amounts falling due after more than one
year

7

(118,205

)

(175,224

)

PROVISIONS FOR LIABILITIES (41,500 ) (55,500 )
NET ASSETS 849,321 603,326

CAPITAL AND RESERVES
Called up share capital 12,500 12,500
Share premium 52,500 52,500
Retained earnings 784,321 538,326
849,321 603,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:



Mr P Pancholi - Director


JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Just Egg (Chilled Foods) Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 7 Hill Top Road, Hamilton Business Park, Leicester, Leicestershire, LE5 1TT and the registered number is 04573497.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting date. Gains and losses arising on translation are included in the profit and loss account for the period.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably..

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Leasehold additions- 10%straight line
Plant and machinery - 10%straight line
Fixtures, fittings & equipment- 50%straight line
Motor vehicles- 25%straight line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises eggs, ingredients and packaging, and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 40 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Leasehold Plant and fittings Motor
additions machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 269,909 1,380,120 54,207 80,626 1,784,862
Additions 22,844 11,148 13,175 - 47,167
Disposals (14,023 ) - - - (14,023 )
At 31 December 2023 278,730 1,391,268 67,382 80,626 1,818,006
DEPRECIATION
At 1 January 2023 201,686 1,156,938 50,940 77,728 1,487,292
Charge for year 24,633 58,648 3,751 2,898 89,930
Eliminated on disposal (14,023 ) - - - (14,023 )
At 31 December 2023 212,296 1,215,586 54,691 80,626 1,563,199
NET BOOK VALUE
At 31 December 2023 66,434 175,682 12,691 - 254,807
At 31 December 2022 68,223 223,182 3,267 2,898 297,570

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,074,122 1,109,365
Sundry debtors - 1,200
Amounts owed by group undertakings 226,050 75,500
VAT 26,609 24,648
Prepayments and accrued income 40,170 24,695
1,366,951 1,235,408

JUST EGG (CHILLED FOODS) LIMITED (REGISTERED NUMBER: 04573497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,000 112,016
Trade creditors 530,295 686,479
Amounts owed to group undertakings 287,707 189,501
Tax 121,544 28,000
Social security and other taxes 35,636 18,529
Other creditors 9,360 10,062
Directors' current accounts 2,479 12,355
Accruals and deferred income 40,414 61,622
Deferred government grants 7,018 7,018
1,084,453 1,125,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 104,167 154,167
Deferred government grants 14,038 21,057
118,205 175,224

8. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £43,650 (2022 - £43,000).