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Registered Number: 12538623
England and Wales

 

 

 

UK FRESH VEGETABLES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2021

End date: 31 March 2022
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Intangible fixed assets 51,785   
Tangible fixed assets 74,195    37,431 
125,980    37,431 
Current assets      
Stocks 20,000    3,500 
Debtors 341,593    55,192 
Cash at bank and in hand 80,568    8,375 
442,161    67,067 
Creditors: amount falling due within one year (421,776)   (71,781)
Net current assets 20,385    (4,714)
 
Total assets less current liabilities 146,365    32,717 
Creditors: amount falling due after more than one year (21,441)   (31,931)
Provisions for liabilities (14,097)  
Net assets 110,827    786 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 110,727    686 
Shareholder's funds 110,827    786 
 


For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 September 2022 and were signed by:


--------------------------------
Manpreet Kaur
Director
1
General Information
UK FRESH VEGETABLES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12538623, registration address Unit P32 Western International Market, Hayes Road, Southall, UB2 5XJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
Motor Vehicles 18% Reducing Balance
Plant and Machinery 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2021 : 3).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2021  
Additions 64,731    64,731 
Disposals  
At 31 March 2022 64,731    64,731 
Amortisation
At 01 April 2021  
Charge for year 12,946    12,946 
On disposals  
At 31 March 2022 12,946    12,946 
Net book values
At 31 March 2022 51,785    51,785 
At 31 March 2021  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 April 2021     38,245    38,245 
Additions 3,420    50,957      54,377 
Disposals      
At 31 March 2022 3,420    50,957    38,245    92,622 
Depreciation
At 01 April 2021     814    814 
Charge for year 684    10,192    6,737    17,613 
On disposals      
At 31 March 2022 684    10,192    7,551    18,427 
Net book values
Closing balance as at 31 March 2022 2,736    40,765    30,694    74,195 
Opening balance as at 01 April 2021     37,431    37,431 


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