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Unaudited Financial Statements for the Year Ended 31st October 2021 |
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GOOD EGG (STOKE NEWINGTON) LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31st October 2021 |
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for |
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GOOD EGG (STOKE NEWINGTON) LIMITED |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Contents of the Financial Statements |
for the year ended 31st October 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Accountants' Report | 8 |
GOOD EGG (STOKE NEWINGTON) LIMITED |
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Company Information |
for the year ended 31st October 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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2 Burton House |
Repton Place |
White Lion Road |
Amersham |
Buckinghamshire |
HP7 9LP |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Balance Sheet |
31st October 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Balance Sheet - continued |
31st October 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Notes to the Financial Statements |
for the year ended 31st October 2021 |
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1. | STATUTORY INFORMATION |
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Good Egg (Stoke Newington) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Leasehold improvements | - over lease term |
Plant and machinery | - 33.33% on straight line basis |
Fixtures and fittings | - 33.33% on straight line basis |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Notes to the Financial Statements - continued |
for the year ended 31st October 2021 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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Going concern |
The directors have assessed the going concern basis of preparation of the financial statements for the period ended 31 October 2020, having taken into consideration detailed forecasts for the Company. In addition, they have considered the availability of funds from banking facilities and other sources for the Company. |
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Based on the projected forecast and available funding for the Company, the directors consider that the Company has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements for the period ended 31 October 2020. |
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Impairment of assets |
An assessment is made at each reporting date of whether there are indications that an asset may be impaired or that an impairment loss previously recognised has fully or partially reversed. If such indications exist the company estimates the recoverable amount of the asset. |
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Shortfalls between the carrying value of an asset and their recoverable amount, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses in the profit and loss account. |
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Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Reversal of impairment losses are recognised in the profit and loss account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st November 2020 |
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Additions |
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At 31st October 2021 |
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DEPRECIATION |
At 1st November 2020 |
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Charge for year |
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At 31st October 2021 |
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NET BOOK VALUE |
At 31st October 2021 |
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At 31st October 2020 |
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GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Notes to the Financial Statements - continued |
for the year ended 31st October 2021 |
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5. | DEBTORS |
2021 | 2020 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Other debtors falling due after more than one year represent rent deposits. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | 1.00 | 100 | 100 |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
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Notes to the Financial Statements - continued |
for the year ended 31st October 2021 |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 31st October 2021 and the period ended 31st October 2020: |
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2021 | 2020 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Loans to director have no terms or interest attaching. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of Good Egg Holdings Limited, the ultimate parent company. There is no single ultimate controlling party of the ultimate parent company. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Good Egg (Stoke Newington) Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Good Egg (Stoke Newington) Limited for the year ended 31st October 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
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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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Good Egg (Stoke Newington) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Good Egg (Stoke Newington) Limited and state those matters that we have agreed to state to the director of Good Egg (Stoke Newington) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Good Egg (Stoke Newington) Limited and its director for our work or for this report. |
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It is your duty to ensure that Good Egg (Stoke Newington) 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 profit of Good Egg (Stoke Newington) Limited. You consider that Good Egg (Stoke Newington) Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Good Egg (Stoke Newington) 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. |
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2 Burton House |
Repton Place |
White Lion Road |
Amersham |
Buckinghamshire |
HP7 9LP |
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