SFR Eggs Ltd 31/03/2025 iXBRL

Company registration number: NI675301

SFR Eggs Ltd

Unaudited abridged financial statements

31 March 2025

SFR Eggs Ltd

Contents

Directors and other information

Directors report

Accountants report

Abridged statement of comprehensive income

Abridged statement of financial position

Notes to the financial statements

SFR Eggs Ltd

Directors and other information


	Directors	Andrew Sayers
		Geoffrey Sayers
		Heather Sayers


	Company number	NI675301


	Registered office	20 Spout Road
		Strabane
		Co Tyrone
		BT82 8NA


	Business address	20 Spout Road
		Strabane
		Co Tyrone
		BT82 8 NA


	Accountants	Crudden Dolan Ltd
		23-25 Darling Street
		Enniskillen
		Co Fermanagh
		BT74 7DP




	Bankers	HSBC
		Belfast Royal Avenue
		25-29 Royal Avenue
		Belfast
		BT1 1FB

SFR Eggs Ltd

Directors report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025.

Directors

The directors who served the company during the year were as follows:

Andrew Sayers

Geoffrey Sayers

Heather Sayers

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 07 August 2025 and signed on behalf of the board by:

Andrew Sayers Geoffrey Sayers

Director Director

SFR Eggs Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of SFR Eggs Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SFR Eggs Ltd for the year ended 31 March 2025 which comprise the abridged statement of comprehensive income, abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the board of directors of SFR Eggs Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SFR Eggs Ltd and state those matters that we have agreed to state to the board of directors of SFR Eggs Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SFR Eggs Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that SFR Eggs Ltd 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 profit of SFR Eggs Ltd. You consider that SFR Eggs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SFR Eggs Ltd. 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.

Crudden Dolan Ltd

Chartered Accountants & Registered Auditors

23-25 Darling Street

Enniskillen

Co Fermanagh

BT74 7DP

7 August 2025

SFR Eggs Ltd

Abridged statement of comprehensive income

Year ended 31 March 2025

		2025	2024
	Note	£	£

Gross profit		893,313		558,969

Staff costs	4	( 20,332)		( 16,606)
Depreciation and other amounts written off tangible and intangible fixed assets		( 111,892)		( 95,557)
Other operating expenses		( 121,374)		( 107,098)
		_______		_______
Operating profit		639,715		339,708

Other interest receivable and similar income		2,862		46
		_______		_______
Profit before taxation	5	642,577		339,754

Tax on profit		( 109,597)		-
		_______		_______
Profit for the financial year and total comprehensive income		532,980		339,754
		_______		_______

All the activities of the company are from continuing operations.

SFR Eggs Ltd

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	1,908,043		1,750,769
		_______		_______
			1,908,043		1,750,769

Current assets
Stocks		18,896		7,550
Debtors		64,646		39,599
Investments	7	302,851		-
Cash at bank and in hand		143,455		36,614
		_______		_______
		529,848		83,763
Creditors: amounts falling due
within one year		( 424,270)		( 307,928)
		_______		_______
Net current assets/(liabilities)			105,578		( 224,165)
			_______		_______
Total assets less current liabilities			2,013,621		1,526,604

Creditors: amounts falling due
after more than one year			( 1,024,746)		( 1,070,709)
			_______		_______
Net assets			988,875		455,895
			_______		_______

Capital and reserves
Called up share capital			150		150
Profit and loss account			988,725		455,745
			_______		_______
Shareholders funds			988,875		455,895
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 07 August 2025 , and are signed on behalf of the board by:

Andrew Sayers

Director

Company registration number: NI675301

SFR Eggs Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 20 Spout Road, Strabane, Co Tyrone, BT82 8NA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Staff costs

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	20,332	16,606
	_______	_______

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	111,892	95,557
	_______	_______

6. Tangible assets


		£
	Cost
	At 1 April 2024	1,874,963
	Additions	276,856
	Disposals	( 10,644)
		_______
	At 31 March 2025	2,141,175
		_______
	Depreciation
	At 1 April 2024	124,194
	Charge for the year	111,892
	Disposals	( 2,954)
		_______
	At 31 March 2025	233,132
		_______
	Carrying amount
	At 31 March 2025	1,908,043
		_______
	At 31 March 2024	1,750,769
		_______

7. Investments

	2025	2024
	£	£
Other investments	302,851	-
	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Andrew Sayers	( 1,070,709)	45,963	( 1,024,746)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Andrew Sayers	( 991,135)	( 79,574)	( 1,070,709)
		_______	_______	_______