Edengrove Enterprises Limited - Accounts to registrar (filleted) - small 23.1.2

Edengrove Enterprises Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: SC489102 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

EDENGROVE ENTERPRISES LIMITED

EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)

BALANCE SHEET
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,684 278,626

CURRENT ASSETS
Stocks 5 180,740 152,040
Debtors 6 4,016 2,248
Cash at bank and in hand 141,118 540,904
325,874 695,192
CREDITORS
Amounts falling due within one year 7 104,969 186,465
NET CURRENT ASSETS 220,905 508,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

712,589

787,353

CREDITORS
Amounts falling due after more than one
year

8

(639,415

)

(746,758

)

PROVISIONS FOR LIABILITIES (71,417 ) (23,902 )
NET ASSETS 1,757 16,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,657 16,593
SHAREHOLDERS' FUNDS 1,757 16,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Income Statement has not been delivered.

EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)

BALANCE SHEET - continued
31 October 2022



The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2023 and were signed on its behalf by:





P J Cullen - Director


EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Edengrove Enterprises Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC489102

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of farming services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 2 ) .

EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 November 2021 109,703 50,000 319,687 110,471 589,861
Additions 47,500 - 205,660 42,304 295,464
At 31 October 2022 157,203 50,000 525,347 152,775 885,325
DEPRECIATION
At 1 November 2021 31,241 - 228,527 51,467 311,235
Charge for year 14,419 - 52,354 15,633 82,406
At 31 October 2022 45,660 - 280,881 67,100 393,641
NET BOOK VALUE
At 31 October 2022 111,543 50,000 244,466 85,675 491,684
At 31 October 2021 78,462 50,000 91,160 59,004 278,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2021
and 31 October 2022 20,974
DEPRECIATION
At 1 November 2021 10,651
Charge for year 2,581
At 31 October 2022 13,232
NET BOOK VALUE
At 31 October 2022 7,742
At 31 October 2021 10,323

5. STOCKS
31.10.22 31.10.21
£    £   
Stocks 180,740 152,040

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
VAT 4,016 2,248

EDENGROVE ENTERPRISES LIMITED (REGISTERED NUMBER: SC489102)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 3,576 3,576
Other creditors 100,299 100,299
Directors' current accounts - 81,750
Accrued expenses 1,094 840
104,969 186,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 6,734 10,608
Directors' loan accounts 632,681 736,150
639,415 746,758