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REGISTERED NUMBER: 09251994 (England and Wales)















The Fruit Firm Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






The Fruit Firm Limited (Registered number: 09251994)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Fruit Firm Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms J Dowding
M E Collins
S A Forder
Mrs R Lobel





REGISTERED OFFICE: Suite 26
70 Churchill Business Square
Kings Hill
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 09251994 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

The Fruit Firm Limited (Registered number: 09251994)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,151
Tangible assets 5 2,653 -
2,653 1,151

CURRENT ASSETS
Inventories 68,086 238,190
Debtors 6 2,020,665 1,229,446
Cash at bank 923,157 1,038,784
3,011,908 2,506,420
CREDITORS
Amounts falling due within one year 7 1,931,435 2,099,901
NET CURRENT ASSETS 1,080,473 406,519
TOTAL ASSETS LESS CURRENT LIABILITIES 1,083,126 407,670

PROVISIONS FOR LIABILITIES 504 219
NET ASSETS 1,082,622 407,451

CAPITAL AND RESERVES
Called up share capital 65 60
Share premium 106,117 99,970
Capital redemption reserve 90 90
Retained earnings 976,350 307,331
1,082,622 407,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Fruit Firm Limited (Registered number: 09251994)

Statement of Financial Position - continued
31 March 2023


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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Ms J Dowding - Director


The Fruit Firm Limited (Registered number: 09251994)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Fruit Firm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of fifteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

The Fruit Firm Limited (Registered number: 09251994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 32,240
AMORTISATION
At 1 April 2022 31,089
Charge for year 1,151
At 31 March 2023 32,240
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1,151

The Fruit Firm Limited (Registered number: 09251994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,537
At 31 March 2023 3,537
DEPRECIATION
Charge for year 884
At 31 March 2023 884
NET BOOK VALUE
At 31 March 2023 2,653

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,834,201 1,072,199
Amounts owed by group undertakings - 52,535
Other debtors 186,464 104,712
2,020,665 1,229,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,564,657 525,325
Taxation and social security 214,169 188,368
Other creditors 152,609 1,386,208
1,931,435 2,099,901

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling company and the relevant legal entity is Ned Fresh Trading Limited, holding 92.5% of the company's share capital. Ned Fresh trading Limited is a company incorporated in England and Wales whose registered office address is Suite 26, 70 Churchill Square Business Centre Churchill Square, Kings Hill, West Malling, England, ME19 4YU.