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REGISTERED NUMBER: 00230861 (England and Wales)















Strategic Report,

Report of the Directors and

Financial Statements

for the Year Ended 31 March 2023

for

JOHN HENSHALL (FRUIT SALESMEN) LIMITED

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


JOHN HENSHALL (FRUIT SALESMEN) LIMITED

Company Information
for the year ended 31 March 2023







Directors: R J I Murison
A M B Murison
J Mironovas





Secretary: P R Murison





Registered office: Stalls D5-7
New Smithfield Market
Whitworth Street East
Manchester
M11 2WP





Registered number: 00230861 (England and Wales)





Auditors: Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Strategic Report
for the year ended 31 March 2023


The directors present their strategic report for the year ended 31 March 2023.

Review of business
The principal activity of the company remained sale of fruit and vegetables primarily to wholesalers.

This year turnover was affected by higher than normal prices due to shortages of fruit and vegetables as well as an increase in costs of growing the product, We do expect the prices to be at a higher level on average for the foreseeable future.

The directors foresee the company continuing to be profit making in the future.

Principal risks and uncertainties
This year the inflationary pressure on the fruit and vegetable market was the highest in the recent history. It has positively affected the turnover, but increased a risk of non-payments and potentially lower future demand.
The war in Ukraine adversely affects the availability and prices of products. Current climate change, which resulted in higher than normal temperature in France and Spain, will continue to disrupt the production output. All above will likely increase prices during the next year.
As our customers are all UK based and all our competitors will be in the same position we feel that the strong financial position of the company will allow us to adapt to any possible change in the market as we always have.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. The Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Key performance indicators
The company's key performance indicator is considered to be turnover. As noted above, turnover has improved due to higher than usual prices.

On behalf of the board:





R J I Murison - Director


18 October 2023

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Report of the Directors
for the year ended 31 March 2023


The directors present their report with the financial statements of the company for the year ended 31 March 2023.

Principal activity
The principal activity of the company in the year under review was that of the wholesale of fruit and vegetables.

Dividends
Interim dividends totalling £4.18 per share were paid on the ordinary 1p shares during the year. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 March 2023 will be £815,000.

Future developments
The directors to propose to continue with its current operations but feel the company is in a strong position to identify new opportunities and efficiencies and to adapt to the market.

Directors
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

R J I Murison
A M B Murison
J Mironovas

Financial instruments
The company’s activities expose it to a number of financial risks including, credit risk, cash flow risk and liquidity risk. The company does not use derivative financial instruments.

CREDIT RISK
The company’s principal financial assets are bank balances and cash, trade and other receivables. The main purpose of these is to finance the business' operations.

The company’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The company has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

CASHFLOW RISK
The company's activities expose it primarily to the financial risks of changes in foreign currency exchange rates. This is mitigated as the company is in a position to adapt its product mix should prices become prohibitive and the fact that all the company's competitors are in the UK and would all experience the same risk.

LIQUIDITY RISK
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the company uses the funds held in its bank accounts.

In respect of bank balances the liquidity risk is managed by maintaining a balance sufficient to cover the company's ongoing requirements. All of the company's cash balances are held in such a way that achieves a competitive rate of interest. The company makes use of money market facilities where funds are available.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

The company is a lessee in respect of finance lease assets. The liquidity risk in respect of this is managed by ensuring that there are sufficient funds available to meet the payments.


JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Report of the Directors
for the year ended 31 March 2023

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Haines Watts, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





R J I Murison - Director


18 October 2023

Report of the Independent Auditors to the Members of
John Henshall (Fruit Salesmen) Limited


Opinion
We have audited the financial statements of John Henshall (Fruit Salesmen) Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
John Henshall (Fruit Salesmen) Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the company engagement team included:

- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;

- understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

- challenging assumptions and judgements made by management in its significant accounting estimates, in particular we have performed a retrospective bad debt review to ensure that managements judgments are reliable and reasonable.

- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations

- We have tested a sample of stock items and ensured that they have led to profitable sales or that if not sold they have a resalable value to the company

- We have tested a sample of purchase orders in the year and ensured that stock purchased has eventually resulted in a sale that has been included in the accounts as well as increasing the risk in our samples when testing trade debtors that we have tested by agreeing to underlying records and cash after date; and

- assessing the extent of compliance with the relevant laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of audit report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Report of the Independent Auditors to the Members of
John Henshall (Fruit Salesmen) Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Antony Sassen (Senior Statutory Auditor)
for and on behalf of Haines Watts
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

19 October 2023

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Statement of Comprehensive
Income
for the year ended 31 March 2023

2023 2022
Notes £ £

Turnover 4 24,071,209 22,509,299

Cost of sales (20,006,396 ) (18,772,770 )
Gross profit 4,064,813 3,736,529

Administrative expenses (3,038,069 ) (2,577,995 )
1,026,744 1,158,534

Other operating income 5 - 30,872
Operating profit 7 1,026,744 1,189,406

Interest receivable and similar income 9,307 1,098
1,036,051 1,190,504

Interest payable and similar expenses 8 (647 ) -
Profit before taxation 1,035,404 1,190,504

Tax on profit 9 (224,003 ) (219,930 )
Profit for the financial year 811,401 970,574

Other comprehensive income - -
Total comprehensive income for the year 811,401 970,574

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 11 495,471 225,193
Investments 12 67,274 67,274
562,745 292,467

Current assets
Stocks 13 327,104 231,107
Debtors 14 3,729,214 2,620,379
Cash at bank and in hand 684,044 1,198,478
4,740,362 4,049,964
Creditors
Amounts falling due within one year 15 3,970,331 3,088,056
Net current assets 770,031 961,908
Total assets less current liabilities 1,332,776 1,254,375

Provisions for liabilities 18 114,000 32,000
Net assets 1,218,776 1,222,375

Capital and reserves
Called up share capital 19 2,645 2,645
Revaluation reserve 20 9,159 18,306
Retained earnings 20 1,206,972 1,201,424
Shareholders' funds 1,218,776 1,222,375

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





R J I Murison - Director


JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Statement of Changes in Equity
for the year ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£ £ £ £

Balance at 1 April 2021 2,645 1,151,350 18,306 1,172,301

Changes in equity
Dividends - (920,500 ) - (920,500 )
Total comprehensive income - 970,574 - 970,574
Balance at 31 March 2022 2,645 1,201,424 18,306 1,222,375

Changes in equity
Dividends - (815,000 ) - (815,000 )
Total comprehensive income - 820,548 (9,147 ) 811,401
Balance at 31 March 2023 2,645 1,206,972 9,159 1,218,776

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

John Henshall (Fruit Salesmen) 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.

2. Statement of compliance

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" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any critical judgements in applying the company's accounting policies. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition, seldom equal the actual results.The company makes an estimate of the recoverable value of trade debtors. When assessing impairment of trade debtors management considers factors including the current credit rating of the debtor, the aging profile of the debtors and historical experience. See note 14 for the net carrying amount of debtors and associated impairment provision. Other than those discussed above there are no estimates or assumptions which give a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of fruit and vegetables to customers.

The company recognises revenue when the goods have been delivered 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.
Long leasehold - 4% on cost
Plant and machinery - 33% straight line and 15% straight line
Motor vehicles - 20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Cost is determined on a first-in, first out (FIFO) method. Cost included the purchase price, including taxes and duties and transport and handling directly attributable to bringing the stock to its present location and condition.

At the end of each reporting period stocks are assessed for impairment. If an item of inventory is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


3. Accounting policies - continued

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


3. Accounting policies - continued

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.

Fixed asset investments
Fixed asset investments are stated at market value.

4. Turnover

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2023 2022
£ £
Sales of fruit and vegetables 24,071,209 22,509,299
24,071,209 22,509,299

5. Other operating income
2023 2022
£ £
Other income - 30,872

Other income relates to grant receivable. They are recognised on the accruals basis.

6. Employees and directors
2023 2022
£ £
Wages and salaries 1,845,770 1,766,897
Social security costs 175,936 186,779
Other pension costs 114,080 111,656
2,135,786 2,065,332

The average number of employees during the year was as follows:
2023 2022

Administration 9 9
Sales 33 30
Warehouse 15 13
57 52

2023 2022
£ £
Directors' remuneration 60,222 106,209
Directors' pension contributions to money purchase schemes 81,272 81,230

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. Operating profit

The operating profit is stated after charging/(crediting):

2023 2022
£ £
Other operating leases 128,383 185,414
Depreciation - owned assets 108,345 99,435
Depreciation - assets on hire purchase contracts 5,371 -
Profit on disposal of fixed assets (12,697 ) (13,189 )
Auditors' remuneration 11,000 9,000
Auditors remuneration - non audit fees 4,350 5,900

8. Interest payable and similar expenses
2023 2022
£ £
Hire purchase 647 -

9. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£ £
Current tax:
UK corporation tax 140,729 226,602
(Over)/under provision PY 1,274 6,328
Total current tax 142,003 232,930

Deferred tax 82,000 (13,000 )
Tax on profit 224,003 219,930

UK corporation tax has been charged at 19% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£ £
Profit before tax 1,035,404 1,190,504
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2022 - 19%)

196,727

226,196

Effects of:
Expenses not deductible for tax purposes 12,575 (726 )
Income not taxable for tax purposes (4,418 ) (2,506 )
Capital allowances in excess of depreciation (65,896 ) -
Depreciation in excess of capital allowances - 3,638
Adjustments to tax charge in respect of previous periods 1,275 6,328
Other adjustments 1,740 -
Deferred tax 82,000 (13,000 )
Total tax charge 224,003 219,930

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


10. Dividends

20232022
££

Interim Dividends815,000920,500

11. Tangible fixed assets
Long Plant and Motor
leasehold machinery vehicles Totals
£ £ £ £
Cost or valuation
At 1 April 2022 100,000 348,535 640,529 1,089,064
Additions - 1,921 383,993 385,914
Disposals - - (144,015 ) (144,015 )
At 31 March 2023 100,000 350,456 880,507 1,330,963
Depreciation
At 1 April 2022 84,000 289,395 490,476 863,871
Charge for year 4,000 21,047 88,669 113,716
Eliminated on disposal - - (142,095 ) (142,095 )
At 31 March 2023 88,000 310,442 437,050 835,492
Net book value
At 31 March 2023 12,000 40,014 443,457 495,471
At 31 March 2022 16,000 59,140 150,053 225,193

Cost or valuation at 31 March 2023 is represented by:

Long Plant and Motor
leasehold machinery vehicles Totals
£ £ £ £
Cost 100,000 350,456 880,507 1,330,963

Advantage has been taken of the transitional provisions of FRS 102. These allow entities which have revalued an asset in the past to treat the valuation as deemed cost on transition.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost or valuation
Additions 128,883
At 31 March 2023 128,883
Depreciation
Charge for year 5,371
At 31 March 2023 5,371
Net book value
At 31 March 2023 123,512

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


12. Fixed asset investments
Listed
investments
£
Cost
At 1 April 2022
and 31 March 2023 117,274
Provisions
At 1 April 2022
and 31 March 2023 50,000
Net book value
At 31 March 2023 67,274
At 31 March 2022 67,274

The carrying value above is not materially different from the market value.

13. Stocks
2023 2022
£ £
Stocks 327,104 231,107

14. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 2,888,172 1,957,382
Other debtors 519,733 414,363
Directors' current accounts 238,508 178,097
VAT 48,336 32,095
Prepayments and accrued income 34,465 38,442
3,729,214 2,620,379

Trade debtors are stated after provisions for impairment of £242,500 (2022 - £276,686 ).

15. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts (see note 16) 43,594 -
Redeemable shares (see note 16) 25 25
Hire purchase contracts (see note 17) 64,651 -
Trade creditors 2,718,884 2,157,942
Amounts owed to group undertakings 531,443 205,328
Corporation tax 194,508 244,662
Social security and other taxes 77,573 83,400
Other creditors 306,405 307,322
Directors' current accounts - 2,005
Accruals and deferred income 33,248 87,372
3,970,331 3,088,056

The redeemable shares included in other creditors may be redeemed (in whole or in part) at any time, at par, and on written notice from either the company or the holder of such shares. The holders have the right to receive dividends as may be declared by the directors.

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


16. Loans

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 43,594 -
Preference shares 25 25
43,619 25

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
500 Redeemable A 1p Ordinary 1p 5 5
500 Redeemable B 1p Ordinary 1p 5 5
500 Redeemable C 1p Ordinary 1p 5 5
500 Redeemable D 1p Ordinary 1p 5 5
500 Redeemable E 1p Ordinary 1p 5 5
25 25

The redeemable shares may be redeemed (in whole or in part) at any time, at par, and on written notice from either the company or the holder of such shares. The holders have the right to receive dividends as may be declared by the directors.

17. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year 64,651 -

18. Provisions for liabilities
2023 2022
£ £
Deferred tax
Accelerated capital allowances 114,000 32,000

Deferred tax
£
Balance at 1 April 2022 32,000
Charge to Statement of Comprehensive Income during year 82,000
Balance at 31 March 2023 114,000

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


19. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
195,000 Ordinary shares 1p 1,950 1,950
69,500 Ordinary F shares 1p 695 695
2,645 2,645

The ordinary shares give one vote per member on a show of hands and one vote per share on a poll, give a independent right to dividends and a right to repayment at par in winding up and a further right to participate in any surplus assets of the company. The shares are not redeemable.

The ordinary F shares give no voting rights, however they give a right to receive dividends if declared by directors on this class of share, a right to repayment of capital at par with no further share of any surplus on a winding up. The shares are not redeemable.

20. Reserves
Retained Revaluation
earnings reserve Totals
£ £ £

At 1 April 2022 1,201,424 18,306 1,219,730
Profit for the year 811,401 - 811,401
Dividends (815,000 ) - (815,000 )
Transfer between reserves 9,147 (9,147 ) -
At 31 March 2023 1,206,972 9,159 1,216,131

The revaluation reserve relates to a historic revaluation that under FRS 102 has been taken as deemed cost.

21. Pension commitments

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £114,080 (2022 - £111,656 ).

Contributions totalling £4,026 (2022 - £4,263) were payable to the scheme at the end of the year and are included in creditors.

22. Ultimate parent company

John Henshall (Fruit Salesmen) Holdings Limited. is regarded by the directors as being the company's ultimate parent company.

John Henshall (Fruit Salesmen) Limited is the sole parent company of the group of which the company is a member and for which group accounts are prepared. Copies of the group accounts are available from Northern Assurance Builldings, Albert Square, 9/21 Princess Street, Manchester, United Kingdom, M2 4DN.

23. Capital commitments
2023 2022
£ £
Contracted but not provided for in the
financial statements - 245,800

JOHN HENSHALL (FRUIT SALESMEN) LIMITED (REGISTERED NUMBER: 0023086

Notes to the Financial Statements - continued
for the year ended 31 March 2023


24. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

20232022
££
Balance outstanding at start of year178,097110,836
Advances225,949143,429
Credits(165,538)(76,168)
Balance outstanding at the end of year238,508178,097

25. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Entities with control, joint control or significant influence over the entity
2023 2022
£ £
Remuneration 4,980 4,980
Amount due from related party 313,408 257,840

Key management personnel of the entity or its parent (in the aggregate)
2023 2022
£ £
Directors Remuneration 103,130 93,196
Amount due from related party 238,058 178,097
Amount due to related party - 2,005

The balance above are interest free and repayable on demand.