2022-02-01 11779067 2023-01-31 11779067 2022-02-01 2023-01-31 11779067 2022-01-31 11779067 2021-02-01 2022-01-31 11779067 uk-core:WithinOneYear 2022-01-31 11779067 uk-core:WithinOneYear 2023-01-31 11779067 uk-core:ShareCapital 2023-01-31 11779067 uk-core:ShareCapital 2022-01-31 11779067 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 11779067 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 11779067 uk-bus:Director1 2022-02-01 2023-01-31 11779067 uk-core:Buildings 2022-02-01 2023-01-31 11779067 uk-core:PlantMachinery 2022-02-01 2023-01-31 11779067 uk-core:ComputerEquipment 2022-02-01 2023-01-31 11779067 uk-core:CommercialMotorVehicles 2022-02-01 2023-01-31 11779067 uk-core:FurnitureFittings 2022-02-01 2023-01-31 11779067 uk-core:FurnitureFittings 2022-01-31 11779067 uk-core:CommercialMotorVehicles 2022-01-31 11779067 uk-core:Buildings 2022-01-31 11779067 uk-core:Buildings 2023-01-31 11779067 uk-core:CommercialMotorVehicles 2023-01-31 11779067 uk-core:FurnitureFittings 2023-01-31 11779067 uk-core:WithinOneYear 2023-01-31 11779067 uk-core:WithinOneYear 2022-01-31 iso4217:GBP xbrli:pure 11779067 uk-bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11779067 uk-bus:FRS102 2022-02-01 2023-01-31 11779067 uk-bus:FullAccounts 2022-02-01 2023-01-31 11779067 uk-bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Torbay Fruit Sales Ltd
Registered Number:11779067
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2023
Torbay Fruit Sales Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11779067
As at 31 January 2023
Torbay Fruit Sales Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
11,574
7,702
2
11,574
7,702
Current assets
Inventories
2,900
2,600
3
Trade and other receivables
74,226
114,209
4
3,494
Cash and cash equivalents
4,141
120,950
80,620
Trade and other payables: amounts falling due within one
year
(79,778)
(124,934)
5
842
(3,984)
Net current liabilities
Total assets less current liabilities
7,590
8,544
7,590
Net assets
8,544
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
(2,410)
(1,456)
7,590
8,544
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Justin Mann Director
These financial statements were approved and authorised for issue by the Board on 13 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2023
Torbay Fruit Sales Ltd
Notes to the Financial Statements
Statutory Information
Torbay Fruit Sales Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11779067.
Registered address:
Unit 1 Yalberton Industrial Estate
Alders Way
Paignton
Devon
TQ4 7QL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
As with most businesses we have been impacated by the Coronavirus (Covid 19). This had an impact on our
operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available
from the Goverment and have taken all the steps we can to protect the future of the business.. Although the total
impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Property, plant and equipment
Property, plant and equipment, 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:
Land and Buildings
25% Straight line
Plant and Machinery
25% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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5
For the year ended 31 January 2023
Torbay Fruit Sales Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Land and
Buildings
£
£
£
£
Cost or
valuation
At 01 February 2022
14,242
6,022
6,000
2,220
6,767
6,767
-
-
Additions
At 31 January 2023
2,220
6,000
12,789
21,009
Provision for depreciation and impairment
At 01 February 2022
6,540
1,406
3,469
1,665
Charge for year
2,895
1,707
633
555
At 31 January 2023
9,435
3,113
4,102
2,220
At 31 January 2023
Net book value
-
1,898
9,676
11,574
At 31 January 2022
555
2,531
4,616
7,702
3. Inventories
2022
2023
£
£
Stocks
2,600
2,900
4. Trade and other receivables
2022
2023
£
£
Trade debtors
40,386
32,298
Other debtors
73,823
41,928
74,226
114,209
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
20,382
4,996
Trade creditors
92,169
65,651
Taxation and social security
11,533
8,231
Other creditors
850
900
124,934
79,778
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6
For the year ended 31 January 2023
Torbay Fruit Sales Ltd
Notes to the Financial Statements Continued
6. Related party transactions
The company was under the control of the Directors during this year.
7. Directors advances and guarantees
The directors loan account balances at the year end had a debit balance of £90.763. £50,000 was introduced by the
directors during September 2023 leaving a debit balance of £40,763.
8. Average number of persons employed
During the year the average number of employees was 6 (2022 : 5)
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