SPECIAL PRODUCE LIMITED

Company Registration Number:
11255367 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

SPECIAL PRODUCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SPECIAL PRODUCE LIMITED

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The director shown below has held office during the whole of the period from
1 April 2021 to 31 March 2022

Kevin Kearley


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2022

And signed on behalf of the board by:
Name: Kevin Kearley
Status: Director

SPECIAL PRODUCE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2022

2022 2021


£

£
Turnover: 4,203,941 1,873,924
Cost of sales: ( 2,993,840 ) ( 1,129,384 )
Gross profit(or loss): 1,210,101 744,540
Distribution costs: ( 217,843 ) ( 167,493 )
Administrative expenses: ( 297,621 ) ( 207,291 )
Operating profit(or loss): 694,637 369,756
Profit(or loss) before tax: 694,637 369,756
Tax: ( 92,038 ) 0
Profit(or loss) for the financial year: 602,599 369,756

SPECIAL PRODUCE LIMITED

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 856,244 524,774
Total fixed assets: 856,244 524,774
Current assets
Stocks: 4 649,320 228,476
Debtors: 5 988,577 387,291
Cash at bank and in hand: 275,423 94,328
Total current assets: 1,913,320 710,095
Creditors: amounts falling due within one year: 6 ( 220,394 ) ( 88,297 )
Net current assets (liabilities): 1,692,926 621,798
Total assets less current liabilities: 2,549,170 1,146,572
Total net assets (liabilities): 2,549,170 1,146,572
Capital and reserves
Called up share capital: 1,000,000 1
Other reserves: 250,000 450,000
Profit and loss account: 1,299,170 696,571
Total Shareholders' funds: 2,549,170 1,146,572

The notes form part of these financial statements

SPECIAL PRODUCE LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

This report was approved by the board of directors on 15 August 2022
and signed on behalf of the board by:

Name: Kevin Kearley
Status: Director

The notes form part of these financial statements

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 11 7

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2021 172,225 119,308 67,963 69,861 164,393 593,750
Additions 237,105 24,748 11,238 26,144 98,334 397,569
Disposals
Revaluations
Transfers
At 31 March 2022 409,330 144,056 79,201 96,005 262,727 991,319
Depreciation
At 1 April 2021 11,931 10,194 13,972 32,879 68,976
Charge for year 12,984 10,283 14,358 28,474 66,099
On disposals
Other adjustments
At 31 March 2022 24,915 20,477 28,330 61,353 135,075
Net book value
At 31 March 2022 409,330 119,141 58,724 67,675 201,374 856,244
At 31 March 2021 172,225 107,377 57,769 55,889 131,514 524,774

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Stocks

2022 2021
£ £
Stocks 649,320 228,476
Total 649,320 228,476

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Debtors

2022 2021
£ £
Trade debtors 988,577 387,291
Total 988,577 387,291

SPECIAL PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 128,336 88,297
Taxation and social security 92,058
Total 220,394 88,297