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REGISTERED NUMBER: 12277055 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE NEW EGG COMPANY LIMITED

THE NEW EGG COMPANY LIMITED (REGISTERED NUMBER: 12277055)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE NEW EGG COMPANY LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: Mr S Pancholi
Mr P Pancholi
Mr N Pancholi





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





REGISTERED NUMBER: 12277055 (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

THE NEW EGG COMPANY LIMITED (REGISTERED NUMBER: 12277055)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 387,445 429,844

CURRENT ASSETS
Stocks 75,504 61,211
Debtors 5 712,420 302,083
Cash at bank 43,343 10,393
831,267 373,687
CREDITORS
Amounts falling due within one year 6 (278,868 ) (162,965 )
NET CURRENT ASSETS 552,399 210,722
TOTAL ASSETS LESS CURRENT
LIABILITIES

939,844

640,566

PROVISIONS FOR LIABILITIES (83,480 ) (78,800 )
NET ASSETS 856,364 561,766

CAPITAL AND RESERVES
Called up share capital 561,221 561,221
Retained earnings 295,143 545
856,364 561,766

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





Mr P Pancholi - Director


THE NEW EGG COMPANY LIMITED (REGISTERED NUMBER: 12277055)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024


1. STATUTORY INFORMATION

The New Egg Company Limited is a private limited company, limited by shares, registered in England and Wales. The company's registered office address is Unit 7 Hill Top Road Hamilton Business Park, Hamilton, Leicester, Leicestershire, United Kingdom, LE5 1TT and the registered number is 12277055.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% straight line
Plant and machinery - 10% straight line

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances 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 rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


THE NEW EGG COMPANY LIMITED (REGISTERED NUMBER: 12277055)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
improvements machinery Totals
£    £    £   
COST
At 1 January 2024 204,662 617,661 822,323
Additions - 39,141 39,141
At 31 December 2024 204,662 656,802 861,464
DEPRECIATION
At 1 January 2024 90,063 302,416 392,479
Charge for year 20,466 61,074 81,540
At 31 December 2024 110,529 363,490 474,019
NET BOOK VALUE
At 31 December 2024 94,133 293,312 387,445
At 31 December 2023 114,599 315,245 429,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 695,700 287,707
VAT 12,027 9,179
Prepayments and accrued income 4,693 5,197
712,420 302,083

THE NEW EGG COMPANY LIMITED (REGISTERED NUMBER: 12277055)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 156,239 110,165
Tax 114,188 39,360
Accruals and deferred income 8,441 13,440
278,868 162,965

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,500 -