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REGISTERED NUMBER: 05631769 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2023

for

The Egg Shed Limited

The Egg Shed Limited (Registered number: 05631769)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Egg Shed Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S G R Bailey
Mrs N Bailey





SECRETARY: Mrs N Bailey





REGISTERED OFFICE: Ratford Farm
Portfield Gate
HAVERFORDWEST
Pembrokeshire
SA62 3LT





REGISTERED NUMBER: 05631769 (England and Wales)

The Egg Shed Limited (Registered number: 05631769)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172,118 225,640

CURRENT ASSETS
Stocks 39,688 19,377
Debtors 5 174,865 130,109
Cash at bank and in hand 13,501 8,033
228,054 157,519
CREDITORS
Amounts falling due within one year 6 220,155 175,557
NET CURRENT ASSETS/(LIABILITIES) 7,899 (18,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,017

207,602

CREDITORS
Amounts falling due after more than one year 7 (119,141 ) (142,329 )

PROVISIONS FOR LIABILITIES (26,012 ) (31,833 )
NET ASSETS 34,864 33,440

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 34,863 33,439
SHAREHOLDERS' FUNDS 34,864 33,440

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

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

The Egg Shed Limited (Registered number: 05631769)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





S G R Bailey - Director


The Egg Shed Limited (Registered number: 05631769)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

The Egg Shed Limited is a private company, limited by shares , registered in England and Wales. 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.
Improvements to property - 5% on cost
Plant and machinery - 15% on cost and 15% on reducing balance
Motor vehicles - 20% 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 Income Statement, 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
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.

The Egg Shed Limited (Registered number: 05631769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2022 85,960 226,379 65,550 377,889
Additions - 23,225 - 23,225
Disposals - (45,000 ) (29,000 ) (74,000 )
At 30 November 2023 85,960 204,604 36,550 327,114
DEPRECIATION
At 1 December 2022 26,504 96,493 29,252 152,249
Charge for year 4,298 11,967 4,290 20,555
Eliminated on disposal - (3,656 ) (14,152 ) (17,808 )
At 30 November 2023 30,802 104,804 19,390 154,996
NET BOOK VALUE
At 30 November 2023 55,158 99,800 17,160 172,118
At 30 November 2022 59,456 129,886 36,298 225,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 73,544 35,409
Other debtors 101,321 94,700
174,865 130,109

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 40,190 41,584
Hire purchase contracts 63,937 25,473
Trade creditors 65,158 78,426
Taxation and social security 33,706 10,521
Other creditors 17,164 19,553
220,155 175,557

The Egg Shed Limited (Registered number: 05631769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 101,447 106,360
Hire purchase contracts 17,694 35,969
119,141 142,329

Amounts falling due in more than five years:

Repayable by instalments
Loans < 5 yr by instal 74,918 73,233

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
S G R Bailey and Mrs N Bailey
Balance outstanding at start of year 72,853 47,811
Amounts advanced 94,469 48,947
Amounts repaid (95,174 ) (23,905 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,148 72,853

Interest has been charged on this loan at the official HMRC rate and no terms have been agreed for repayment.