IRIS Accounts Production v25.4.0.155 10419564 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 10419564 2024-03-31 10419564 2025-03-31 10419564 2024-04-01 2025-03-31 10419564 2023-03-31 10419564 2023-04-01 2024-03-31 10419564 2024-03-31 10419564 ns15:EnglandWales 2024-04-01 2025-03-31 10419564 ns14:PoundSterling 2024-04-01 2025-03-31 10419564 ns10:Director1 2024-04-01 2025-03-31 10419564 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 10419564 ns10:SmallEntities 2024-04-01 2025-03-31 10419564 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 10419564 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 10419564 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 10419564 ns10:FullAccounts 2024-04-01 2025-03-31 10419564 1 2024-04-01 2025-03-31 10419564 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 10419564 ns10:Director2 2024-04-01 2025-03-31 10419564 ns10:RegisteredOffice 2024-04-01 2025-03-31 10419564 ns5:CurrentFinancialInstruments 2025-03-31 10419564 ns5:CurrentFinancialInstruments 2024-03-31 10419564 ns5:Non-currentFinancialInstruments 2025-03-31 10419564 ns5:Non-currentFinancialInstruments 2024-03-31 10419564 ns5:ShareCapital 2025-03-31 10419564 ns5:ShareCapital 2024-03-31 10419564 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 10419564 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 10419564 ns5:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 10419564 ns5:LandBuildings 2024-04-01 2025-03-31 10419564 ns5:PlantMachinery 2024-04-01 2025-03-31 10419564 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 10419564 ns5:IntangibleAssetsOtherThanGoodwill 2025-03-31 10419564 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-31 10419564 ns5:LandBuildings 2024-03-31 10419564 ns5:PlantMachinery 2024-03-31 10419564 ns5:LandBuildings 2025-03-31 10419564 ns5:PlantMachinery 2025-03-31 10419564 ns5:LandBuildings 2024-03-31 10419564 ns5:PlantMachinery 2024-03-31 10419564 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 10419564 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 10419564 ns5:Secured 2025-03-31 10419564 ns5:Secured 2024-03-31 10419564 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 10419564 (England and Wales)

| WRIGHT EGGS LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2025 |

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 6

WRIGHT EGGS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | D T Wright

| Mrs S E S Wright

| REGISTERED OFFICE: | Poplar Farm

| Main Road

| Keal Cotes

| Spilsby

| Lincolnshire

| PE23 4AH

| REGISTERED NUMBER: | 10419564 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 5 Resolution Close

| Endeavour Park

| Boston

| Lincolnshire

| PE21 7TT

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 346 |  | 346 |  |

Tangible assets | 5 | 2,195,809 |  | 707,406 |  |

2,196,155 |  | 707,752 |  |

CURRENT ASSETS

Stocks | 202,342 |  | 217,500 |  |

Debtors | 6 | 70,953 |  | 146,378 |  |

Cash at bank | 274,765 |  | 70,762 |  |

548,060 |  | 434,640 |  |

CREDITORS

Amounts falling due within one year | 7 | 515,913 |  | 245,402 |  |

NET CURRENT ASSETS | 32,147 |  | 189,238 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,228,302 |  | 896,990 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,681,537 | ) | (524,209 | ) |

PROVISIONS FOR LIABILITIES | (151,903 | ) | (71,771 | ) |

NET ASSETS | 394,862 |  | 301,010 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 1,000 |  | 1,000 |  |

Retained earnings | 393,862 |  | 300,010 |  |

SHAREHOLDERS' FUNDS | 394,862 |  | 301,010 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 October 2025 and were signed on its behalf by:

D T Wright - Director

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Wright Eggs 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 represents invoiced income accrued during the year, excluding value added tax, and is recognised upon despatch.

| Intangible assets

| Intangible assets are initially recognised at cost and subsequently amortised over their useful life to their residual value.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Land and buildings | - | 10% on reducing balance and 2% on cost

| Plant and machinery etc | - | 10% on reducing balance and Straight line over 25 years

| Tangible fixed assets are measured at cost less accumulated depreciation.

| Stocks

| Laying birds are valued using DEFRA poultry valuation rates. Other stock is valued at the lower of cost and estimated selling price less costs to sell.

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position, Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives, or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 346 |  |

| NET BOOK VALUE

| At 31 March 2025 | 346 |  |

| At 31 March 2024 | 346 |  |

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 855,286 |  | 215,680 |  | 1,070,966 |  |

| Additions | 583,306 |  | 983,345 |  | 1,566,651 |  |

| Disposals | - |  | (62,968 | ) | (62,968 | ) |

| At 31 March 2025 | 1,438,592 |  | 1,136,057 |  | 2,574,649 |  |

| DEPRECIATION

| At 1 April 2024 | 305,157 |  | 58,403 |  | 363,560 |  |

| Charge for year | 32,317 |  | 10,696 |  | 43,013 |  |

| Eliminated on disposal | - |  | (27,733 | ) | (27,733 | ) |

| At 31 March 2025 | 337,474 |  | 41,366 |  | 378,840 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,101,118 |  | 1,094,691 |  | 2,195,809 |  |

| At 31 March 2024 | 550,129 |  | 157,277 |  | 707,406 |  |

| The net book value of tangible fixed assets includes £ 25,462 (2024 - £ 15,150 ) in respect of assets held under hire purchase contracts.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | - |  | 125,708 |  |

| Other debtors | 70,953 |  | 20,670 |  |

70,953 |  | 146,378 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 126,152 |  | 143,448 |  |

| Hire purchase contracts | 4,413 |  | 1,927 |  |

| Trade creditors | 140,554 |  | 43,072 |  |

| Taxation and social security | - |  | 45,673 |  |

| Other creditors | 244,794 |  | 11,282 |  |

515,913 |  | 245,402 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,672,677 |  | 524,209 |  |

| Hire purchase contracts | 8,860 |  | - |  |

1,681,537 |  | 524,209 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due over 5 years | 917,275 |  | 214,442 |  |

WRIGHT EGGS LIMITED (REGISTERED NUMBER: 10419564)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 1,798,829 |  | 667,657 |  |

| Hire purchase contracts | 13,273 |  | 1,927 |  |

1,812,102 |  | 669,584 |  |

| The bank loans are secured against a fixed and floating charge over the company's property and undertakings.

| Hire purchase contracts are secured on the assets to which they relate.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 1,000 | Ordinary | 1 | 1,000 |  | 1,000 |  |