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EGM HOLDINGS LIMITED

Registered Number
09954441
(England and Wales)

Unaudited Financial Statements for the Year ended
29 November 2024

EGM HOLDINGS LIMITED
Company Information
for the year from 30 November 2023 to 29 November 2024

Director

AL-SAFI, Rizq Da'Ud

Registered Address

C/O Redstone Accountancy 253 Monton Road
Eccles
Manchester
M30 9PS

Registered Number

09954441 (England and Wales)
EGM HOLDINGS LIMITED
Balance Sheet as at
29 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3133,071129,399
133,071129,399
Current assets
Stocks41,400,0001,250,000
Debtors25,24624,718
Cash at bank and on hand146,89620,508
1,572,1421,295,226
Creditors amounts falling due within one year5(161,750)(221,656)
Net current assets (liabilities)1,410,3921,073,570
Total assets less current liabilities1,543,4631,202,969
Creditors amounts falling due after one year6(1,806,655)(775,882)
Provisions for liabilities7(32,663)(60,607)
Net assets(295,855)366,480
Capital and reserves
Called up share capital1,0001,000
Revaluation reserve75,000318,983
Profit and loss account(371,855)46,497
Shareholders' funds(295,855)366,480
The financial statements were approved and authorised for issue by the Director on 6 August 2025, and are signed on its behalf by:
AL-SAFI, Rizq Da'Ud
Director
Registered Company No. 09954441
EGM HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 29 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Total

££££
Cost or valuation
At 30 November 23125,0001,9424,583131,525
Revaluations5,000--5,000
At 29 November 24130,0001,9424,583136,525
Depreciation and impairment
At 30 November 23-1,3248022,126
Charge for year-1941,1341,328
At 29 November 24-1,5181,9363,454
Net book value
At 29 November 24130,0004242,647133,071
At 29 November 23125,0006183,781129,399
4.Stocks

2024

2023

££
Other stocks1,400,0001,250,000
Total1,400,0001,250,000
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,365-
Taxation and social security-10,700
Other creditors159,161209,731
Accrued liabilities and deferred income1,2241,225
Total161,750221,656
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,806,655775,882
Total1,806,655775,882
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)32,66360,607
Total32,66360,607