REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2022 |
for |
GOOD EGG (STOKE NEWINGTON) LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2022 |
for |
GOOD EGG (STOKE NEWINGTON) LIMITED |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Contents of the Financial Statements |
for the year ended 31st October 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GOOD EGG (STOKE NEWINGTON) LIMITED |
Company Information |
for the year ended 31st October 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
2 Burton House |
Repton Place |
White Lion Road |
Amersham |
Buckinghamshire |
HP7 9LP |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Balance Sheet |
31st October 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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) |
Balance Sheet - continued |
31st October 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Notes to the Financial Statements |
for the year ended 31st October 2022 |
1. | STATUTORY INFORMATION |
Good Egg (Stoke Newington) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Leasehold improvements | - over lease term |
Plant and machinery | - 33.33% on straight line basis |
Fixtures and fittings | - 33.33% on straight line basis |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2022 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
Going concern |
The directors have assessed the going concern basis of preparation of the financial statements for the period ended 31 October 2022, having taken into consideration forecasts for the Company. In addition, they have considered the availability of funds from banking facilities and other sources for the Company. |
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 2022. |
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. |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st November 2021 |
Additions |
At 31st October 2022 |
DEPRECIATION |
At 1st November 2021 |
Charge for year |
At 31st October 2022 |
NET BOOK VALUE |
At 31st October 2022 |
At 31st October 2021 |
5. | DEBTORS |
2022 | 2021 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
Other debtors falling due after more than one year represent rent deposits. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
GOOD EGG (STOKE NEWINGTON) LIMITED (REGISTERED NUMBER: 12263835) |
Notes to the Financial Statements - continued |
for the year ended 31st October 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 12,483 | - |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | 1.00 | 100 | 100 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st October 2022 and 31st October 2021: |
2022 | 2021 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Loans to director have no terms or interest attaching. |
10. | ULTIMATE CONTROLLING PARTY |
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. |