Registered number: 01633551 | ||||||||
FOR THE 305 DAY PERIOD ENDED 31/03/2024 | ||||||||
Prepared By: | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Egypts Farm Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 305 DAY PERIOD ENDED 31/03/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01633551 | ||||||||
ACCOUNTANTS | ||||||||
IUVO Services Limited | ||||||||
Chartered Accountants | ||||||||
10 The Crescent | ||||||||
Little Leighs | ||||||||
Chelmsford | ||||||||
Essex | ||||||||
CM3 1LY |
Egypts Farm Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE305 DAY PERIODENDED31/03/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Egypts Farm Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
1,851,714 | 1,631,403 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 76,358 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | - | 36,622 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Share premium account | 11 | |||||||||
Revaluation reserve | 1f,12 | 759,870 | 759,870 | |||||||
Profit and loss account | 1,042,764 | 991,176 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Egypts Farm Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 305 DAY PERIOD ENDED 31/03/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | straight line 2% | |||||||
Plant and Machinery | reducing balance 15% | |||||||
Commercial Vehicles | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1f. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 12). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
Egypts Farm Limited | ||||||||
2. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Land And | Plant and | Commercial | ||||||||
Buildings | Machinery | Vehicles | Total | |||||||
£ | £ | £ | £ | |||||||
Cost | ||||||||||
At 01/06/2023 | 25,382 | 899,938 | 33,643 | 958,963 | ||||||
Additions | - | 304,445 | - | 304,445 | ||||||
Disposals | - | (130,000) | - | (130,000) | ||||||
At 31/03/2024 | 25,382 | 1,074,383 | 33,643 | 1,133,408 | ||||||
Depreciation | ||||||||||
At 01/06/2023 | 3,557 | 614,598 | 17,486 | 635,641 | ||||||
Disposals | - | (116,640) | - | (116,640) | ||||||
For the 305 day period | 423 | 72,053 | 3,366 | 75,842 | ||||||
At 31/03/2024 | 3,980 | 570,011 | 20,852 | 594,843 | ||||||
Net Book Amounts | ||||||||||
At 31/03/2024 | 538,565 | |||||||||
At 31/05/2023 | 323,322 | |||||||||
Fixed assets include equipment at a value of £249,375 (2023: £124,100) that is owned subject to hire purchase agreements. | ||||||||||
4. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/06/2023 | 1,750,919 | 1,750,919 | |||||||
Additions | 28,883 | 28,883 | |||||||
At 31/03/2024 | 1,779,802 | 1,779,802 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/03/2024 | 1,779,802 | 1,779,802 | |||||||
At 31/05/2023 | 1,750,919 | 1,750,919 | |||||||
Egypts Farm Limited | ||||||||
5. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
6. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,782,034 | 1,527,950 | ||||||
UK corporation tax | - | 8,417 | ||||||
1,782,034 | 1,536,367 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
VAT | 298,225 | 258,085 | ||||||
Directors current account | 78,673 | 69,592 | ||||||
Hire purchase | 226,622 | 36,622 | ||||||
Trade creditors | 2,830 | 2,555 | ||||||
Other creditors | 1,380,991 | 1,183,691 | ||||||
Accruals | 3,675 | 4,500 | ||||||
1,991,016 | 1,555,045 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Hire purchase >1yr | - | 36,622 | ||||||
- | 36,622 | |||||||
Egypts Farm Limited | ||||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 345,500 | 332,000 | ||||||
345,500 | 332,000 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3000 | 3000 | |||||||
931 | 931 | |||||||
3,931 | 3,931 | |||||||
11. SHARE PREMIUM ACCOUNT | 2024 | 2023 | ||||
£ | £ | |||||
Share premium account | 27,000 | 27,000 |
Egypts Farm Limited | ||||||||
12. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 759,870 | 759,870 | ||||||
759,870 | 759,870 | |||||||
13. CONTROLLING PARTY | ||||||||
The company is controlled by its director, N Cutmore. | ||||||||
14. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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