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REGISTERED NUMBER: 02117759 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Freshfields Farm Eggs Limited

Freshfields Farm Eggs Limited (Registered number: 02117759)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Freshfields Farm Eggs Limited (Registered number: 02117759)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 336,315 199,194

CURRENT ASSETS
Stocks 37,681 116,188
Debtors 5 929,173 823,753
Cash at bank 258,369 401,712
1,225,223 1,341,653
CREDITORS
Amounts falling due within one year 6 777,432 1,065,392
NET CURRENT ASSETS 447,791 276,261
TOTAL ASSETS LESS CURRENT LIABILITIES 784,106 475,455

PROVISIONS FOR LIABILITIES 84,079 37,847
NET ASSETS 700,027 437,608

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 349,999 349,999
Retained earnings 350,024 87,605
SHAREHOLDERS' FUNDS 700,027 437,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 14 August 2024 and were signed on its behalf by:




Mrs L Horsfield - Director


Freshfields Farm Eggs Limited (Registered number: 02117759)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Freshfields Farm Eggs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02117759

Registered office: Hough Manor
Newcastle Road
Shavington, Nr Crewe
Cheshire
CW2 5JG

The presentation currency of the financial statements is the 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 Account, 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.

Freshfields Farm Eggs Limited (Registered number: 02117759)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 16 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 88,851 403,943 23,847 516,641
Additions 4,620 223,022 - 227,642
Disposals - (174,910 ) - (174,910 )
At 31 March 2024 93,471 452,055 23,847 569,373
DEPRECIATION
At 1 April 2023 67,801 230,110 19,536 317,447
Charge for year 4,362 48,465 1,424 54,251
Eliminated on disposal - (138,640 ) - (138,640 )
At 31 March 2024 72,163 139,935 20,960 233,058
NET BOOK VALUE
At 31 March 2024 21,308 312,120 2,887 336,315
At 31 March 2023 21,050 173,833 4,311 199,194

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 899,741 817,176
Other debtors 29,432 6,577
929,173 823,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 609,178 989,722
Taxation and social security 90,987 14,864
Other creditors 77,267 60,806
777,432 1,065,392