Company registration number 11041092 (England and Wales)
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EVERGREEN LIVESTOCK LIMITED FOR THE PERIOD ENDED 2 NOVEMBER 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Evergreen Livestock Limited for the period ended 2 November 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Evergreen Livestock Limited, as a body, in accordance with the terms of our engagement letter dated 22 February 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Evergreen Livestock Limited and state those matters that we have agreed to state to the board of directors of Evergreen Livestock Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Evergreen Livestock Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Evergreen Livestock Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Evergreen Livestock Limited. You consider that Evergreen Livestock Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Evergreen Livestock Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
25 July 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
BALANCE SHEET
AS AT
2 NOVEMBER 2024
02 November 2024
- 2 -
2 November 2024
31 October 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
315,738
Current assets
Stocks
618,112
-
Debtors
4
155,403
10
Cash at bank and in hand
2,270
775,785
10
Creditors: amounts falling due within one year
5
(207,562)
Net current assets
568,223
10
Total assets less current liabilities
883,961
10
Creditors: amounts falling due after more than one year
6
(1,150,000)
Net (liabilities)/assets
(266,039)
10
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(266,139)
(90)
Total equity
(266,039)
10
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 2 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
BALANCE SHEET (CONTINUED)
AS AT
2 NOVEMBER 2024
02 November 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 16 July 2025 and are signed on its behalf by:
Mr A R Chitty
Director
Company registration number 11041092 (England and Wales)
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 2 NOVEMBER 2024
- 4 -
1
Accounting policies
Company information
Evergreen Livestock Limited is a private company limited by shares incorporated in England and Wales. The registered office is Triggs Turner House, 128 High Street, Guildford, Surrey, GU1 3HQ.
1.1
Accounting convention
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
3 years per annum on a straight line basis
Motor vehicles
25% per annum on a diminishing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.
1.7
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.10
Leases
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 5 (2023 - 1).
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 November 2023
Additions
381,204
46,045
427,249
At 2 November 2024
381,204
46,045
427,249
Depreciation and impairment
At 1 November 2023
Depreciation charged in the period
100,000
11,511
111,511
At 2 November 2024
100,000
11,511
111,511
Carrying amount
At 2 November 2024
281,204
34,534
315,738
At 31 October 2023
EVERGREEN LIVESTOCK LIMITED
(FORMERLY UK 555 FOODS LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 2 NOVEMBER 2024
- 6 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
76,567
Amounts owed by group undertakings
10
10
Other debtors
78,826
155,403
10
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
187,842
Taxation and social security
5,680
Other creditors
14,040
207,562
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
1,150,000
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100