Company registration number 00562313 (England and Wales)
E R EGLINGTON LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
E R EGLINGTON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
E R EGLINGTON LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
4
3,286,162
3,253,815
Current assets
Stocks
272,830
345,751
Debtors
5
1,299,938
1,353,476
Cash at bank and in hand
208,112
-
0
1,780,880
1,699,227
Creditors: amounts falling due within one year
6
(1,214,037)
(1,174,260)
Net current assets
566,843
524,967
Total assets less current liabilities
3,853,005
3,778,782
Creditors: amounts falling due after more than one year
7
(47,246)
(16,250)
Provisions for liabilities
(65,839)
(75,954)
Net assets
3,739,920
3,686,578
Capital and reserves
Called up share capital
76
76
Share premium account
14,850
14,850
Revaluation reserve
8
1,711,279
1,711,279
Other reserves
8,053
8,053
Profit and loss reserves
2,005,662
1,952,320
Total equity
3,739,920
3,686,578
E R EGLINGTON LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

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

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 February 2026 and are signed on its behalf by:
Mr C H Harrold
Director
Company registration number 00562313 (England and Wales)
E R EGLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
Accounting policies
Company information

E R Eglington Limited is a private company limited by shares incorporated in England and Wales. The registered office is Street Farm, Oulton, Norwich, Norfolk, NR11 6AF.

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 a mounts 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

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

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.

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 machinery
20% reducing balance basis

Freehold land is not depreciated.

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. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

E R EGLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 4 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

E R EGLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
5
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 June 2024
2,950,000
682,829
3,632,829
Additions
-
0
166,991
166,991
Disposals
-
0
(144,149)
(144,149)
At 31 May 2025
2,950,000
705,671
3,655,671
Depreciation and impairment
At 1 June 2024
-
0
379,015
379,015
Depreciation charged in the year
-
0
71,847
71,847
Eliminated in respect of disposals
-
0
(81,353)
(81,353)
At 31 May 2025
-
0
369,509
369,509
Carrying amount
At 31 May 2025
2,950,000
336,162
3,286,162
At 31 May 2024
2,950,000
303,815
3,253,815

Land and buildings with a carrying amount of £1,238,721 were revalued at 3rd March 2021 by Strutt & Parkers, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,212,825
1,284,495
Other debtors
87,113
68,981
1,299,938
1,353,476
E R EGLINGTON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
-
0
449,492
Trade creditors
1,047,969
581,064
Taxation and social security
77,894
114,850
Other creditors
88,174
28,854
1,214,037
1,174,260

The bank loans and overdrafts are secured by fixed charges over land owned by the company and by a fixed and floating charge over all the assets of the company.

Included within other creditors are hire purchase liabilities of £39,873 (2024 - £16,250) which are secured over the assets concerned.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
47,246
16,250

The bank loans and overdrafts are secured by fixed charges over land owned by the company and by a fixed and floating charge over all the assets of the company.

Included within other creditors are hire purchase liabilities of £47,245 (2024 - £16,250) which are secured over the assets concerned.

8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
1,711,279
1,711,279
9
Financial commitments, guarantees and contingent liabilities

A Cross Guarantee and Debenture exists between the company and E F Harrold Limited, in respect of the companies' respective bank overdrafts.

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