IRIS Accounts Production v23.3.0.418 10726783 Board of Directors 31.3.23 1.4.22 31.3.23 31.3.23 true true true false true true false false true false Ordinary 0.01000 F Ordinary 0.01000 Redeemable A Ordinary 0.01000 Redeemable B Ordinary 0.01000 Redeemable C Ordinary 0.01000 Ordinary 0.01000 F Ordinary 0.01000 Redeemable A Ordinary 0.01000 Redeemable B Ordinary 0.01000 Redeemable C Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107267832022-03-31107267832023-03-31107267832022-04-012023-03-31107267832021-03-31107267832021-04-012022-03-31107267832022-03-3110726783ns10:Originalns15:EnglandWales2022-04-012023-03-3110726783ns14:PoundSterlingns10:Original2022-04-012023-03-3110726783ns10:Originalns10:Director12022-04-012023-03-3110726783ns10:Original2022-04-012023-03-3110726783ns10:Originalns10:Consolidated2023-03-3110726783ns10:Original2023-03-3110726783ns10:Originalns10:ConsolidatedGroupCompanyAccounts2022-04-012023-03-3110726783ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3110726783ns10:Originalns10:Consolidatedns10:FRS1022022-04-012023-03-3110726783ns10:Originalns10:Consolidatedns10:Audited2022-04-012023-03-3110726783ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3110726783ns10:Originalns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-04-012023-03-3110726783ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Originalns10:Consolidated2022-04-012023-03-3110726783ns10:Originalns10:FullAccounts2022-04-012023-03-3110726783ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3110726783ns10:Originalns10:OrdinaryShareClass22022-04-012023-03-3110726783ns10:OrdinaryShareClass3ns10:Original2022-04-012023-03-3110726783ns10:Originalns10:OrdinaryShareClass42022-04-012023-03-3110726783ns10:Originalns10:OrdinaryShareClass52022-04-012023-03-3110726783ns10:Originalns10:Consolidated2022-04-012023-03-3110726783ns10:Originalns10:Director22022-04-012023-03-3110726783ns10:Originalns10:Director32022-04-012023-03-3110726783ns10:Originalns10:Director42022-04-012023-03-3110726783ns10:Originalns10:RegisteredOffice2022-04-012023-03-3110726783ns10:Originalns10:Consolidated2021-04-012022-03-3110726783ns10:Original2022-03-3110726783ns10:Originalns5:CurrentFinancialInstruments2023-03-3110726783ns10:Originalns5:CurrentFinancialInstruments2022-03-3110726783ns5:ShareCapitalns10:Original2023-03-3110726783ns5:ShareCapitalns10:Original2022-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3110726783ns5:ShareCapitalns10:Original2021-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2021-03-3110726783ns10:Original2021-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-04-012022-03-3110726783ns10:Original2021-04-012022-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2021-04-012022-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-04-012023-03-3110726783ns5:LongLeaseholdAssetsns10:Originalns5:LandBuildings2022-04-012023-03-3110726783ns10:Originalns5:PlantMachinery2022-04-012023-03-3110726783ns10:Originalns5:MotorVehicles2022-04-012023-03-3110726783ns10:Originalns5:CostValuation2022-03-3110726783ns10:Originalns5:DisposalsRepaymentsInvestments2023-03-3110726783ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3110726783ns10:Originalns5:CostValuation2023-03-3110726783ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110726783ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3110726783ns10:Originalns10:OrdinaryShareClass12023-03-3110726783ns10:Originalns10:OrdinaryShareClass22023-03-3110726783ns10:OrdinaryShareClass3ns10:Original2023-03-3110726783ns10:Originalns10:OrdinaryShareClass42023-03-3110726783ns10:Originalns10:OrdinaryShareClass52023-03-3110726783ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3110726783ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-03-31
REGISTERED NUMBER: 10726783 (England and Wales)















Group Strategic Report,

Report of the Directors and

Consolidated Financial Statements

for the Year Ended 31 March 2023

for

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 6

Consolidated Statement of Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED

Company Information
for the year ended 31 March 2023







Directors: W G Murison
R J I Murison
P R Murison
A M B Murison





Registered office: Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN





Registered number: 10726783 (England and Wales)





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

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Group Strategic Report
for the year ended 31 March 2023


The directors present their strategic report of the company and the group for the year ended 31 March 2023.

Review of business
The principal activity of the group 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 group 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 group'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) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Report of the Directors
for the year ended 31 March 2023


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

Principal activities
The principal activities of the group in the year under review were those of an investment company. The subsidiary company's principal activity is the wholesale of fruit and vegetables.

Dividends
No interim dividends were paid during the year on any of the shares.

The directors recommend a final dividend per share as follows:
Ordinary share 1p - £0.025
F Ordinary 1p - £17.99
Redeemable A - £248
Redeemable B - £142
Redeemable C - £80
Redeemable D - £100
Redeemable E - £200

The total distribution of dividends for the year ended 31 March 2023 will be £1,652,124.

Future developments
The directors to propose to continue with its current operations but feel the group 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.

W G Murison
R J I Murison
P R Murison
A M B Murison


JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Report of the Directors
for the year ended 31 March 2023

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

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

CASHFLOW RISK
The group's activities expose it primarily to the financial risks of changes in foreign currency exchange rates. This is mitigated as the group is in a position to adapt its product mix should prices become prohibitive and the fact that all the group'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 group 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 group's ongoing requirements. All of the group's cash balances are held in such a way that achieves a competitive rate of interest. The group 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 group 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.

Statement of directors' responsibilities
The directors are responsible for preparing the Group 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 the group and of the profit or loss of the group 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Report of the Directors
for the year ended 31 March 2023


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 group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group'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) Holdings
Limited


Opinion
We have audited the financial statements of John Henshall (Fruit Salesmen) Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company affairs as at 31 March 2023 and of the group's 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 group 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 group's and the parent 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 Group 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 Group 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 Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

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


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company 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.

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 group's and the parent 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 group or the parent 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.

Report of the Independent Auditors to the Members of
John Henshall (Fruit Salesmen) Holdings
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) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Consolidated
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 (2,713,012 ) (2,492,009 )
1,351,801 1,244,520

Other operating income - 30,872
Operating profit 6 1,351,801 1,275,392

Income from fixed asset investments (28,420 ) 33,978
Interest receivable and similar income 9,307 1,098
1,332,688 1,310,468

Interest payable and similar expenses 7 (647 ) -
Profit before taxation 1,332,041 1,310,468

Tax on profit 8 (285,806 ) (236,295 )
Profit for the financial year 1,046,235 1,074,173

Other comprehensive income - -
Total comprehensive income for the year 1,046,235 1,074,173

Profit attributable to:
Owners of the parent 1,046,235 1,074,173

Total comprehensive income attributable to:
Owners of the parent 1,046,235 1,074,173

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Consolidated Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 11 495,471 225,193
Investments 12 700,674 751,400
1,196,145 976,593

Current assets
Stocks 13 327,104 231,107
Debtors 14 3,729,214 2,620,379
Cash at bank and in hand 2,273,090 2,370,612
6,329,408 5,222,098
Creditors
Amounts falling due within one year 15 4,754,576 2,903,125
Net current assets 1,574,832 2,318,973
Total assets less current liabilities 2,770,977 3,295,566

Provisions for liabilities 19 114,000 32,000
Net assets 2,656,977 3,263,566

Capital and reserves
Called up share capital 20 713,670 713,670
Other reserves 21 27 27
Retained earnings 21 1,943,280 2,549,869
Shareholders' funds 2,656,977 3,263,566

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) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Company Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 11 - -
Investments 12 636,069 686,795
636,069 686,795

Current assets
Debtors 14 531,442 205,328
Cash at bank and in hand 1,589,046 1,172,134
2,120,488 1,377,462
Creditors
Amounts falling due within one year 15 1,315,712 20,421
Net current assets 804,776 1,357,041
Total assets less current liabilities 1,440,845 2,043,836

Capital and reserves
Called up share capital 20 713,670 713,670
Other reserves 21 27 27
Retained earnings 21 727,148 1,330,139
Shareholders' funds 1,440,845 2,043,836

Company's profit for the financial year 1,049,833 1,024,098

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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

Called up
share Retained Other Total
capital earnings reserves equity
£ £ £ £

Balance at 1 April 2021 713,670 1,879,870 27 2,593,567

Changes in equity
Dividends - (404,174 ) - (404,174 )
Total comprehensive income - 1,074,173 - 1,074,173
Balance at 31 March 2022 713,670 2,549,869 27 3,263,566

Changes in equity
Dividends - (1,652,824 ) - (1,652,824 )
Total comprehensive income - 1,046,235 - 1,046,235
Balance at 31 March 2023 713,670 1,943,280 27 2,656,977

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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

Called up
share Retained Other Total
capital earnings reserves equity
£ £ £ £

Balance at 1 April 2021 713,670 710,215 27 1,423,912

Changes in equity
Dividends - (404,174 ) - (404,174 )
Total comprehensive income - 1,024,098 - 1,024,098
Balance at 31 March 2022 713,670 1,330,139 27 2,043,836

Changes in equity
Dividends - (1,652,824 ) - (1,652,824 )
Total comprehensive income - 1,049,833 - 1,049,833
Balance at 31 March 2023 713,670 727,148 27 1,440,845

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Consolidated Cash Flow Statement
for the year ended 31 March 2023

2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 1,937,657 1,009,227
Interest element of hire purchase payments
paid

(647

)

-
Tax paid (208,492 ) (248,491 )
Net cash from operating activities 1,728,518 760,736

Cash flows from investing activities
Purchase of tangible fixed assets (257,031 ) (59,163 )
Sale of tangible fixed assets 14,618 19,250
Sale of fixed asset investments 22,298 10,102
Interest received 9,307 1,098
Dividends received - 33,978
Net cash from investing activities (210,808 ) 5,265

Cash flows from financing activities
Capital repayments in year (64,232 ) -
Amount introduced by directors 60,411 32,739
Amount withdrawn by directors (2,181 ) (102,269 )
Equity dividends paid (1,652,824 ) (404,174 )
Net cash from financing activities (1,658,826 ) (473,704 )

(Decrease)/increase in cash and cash equivalents (141,116 ) 292,297
Cash and cash equivalents at beginning
of year

2

2,370,612

2,078,315

Cash and cash equivalents at end of year 2 2,229,496 2,370,612

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Notes to the Consolidated Cash Flow Statement
for the year ended 31 March 2023


1. Reconciliation of profit before taxation to cash generated from operations
2023 2022
£ £
Profit before taxation 1,332,041 1,310,468
Depreciation charges 113,716 99,435
Loss/(profit) on disposal of fixed assets 15,730 (13,189 )
Gain on revaluation of fixed assets (28,420 ) (33,973 )
Finance costs 647 -
Finance income 19,113 (35,076 )
1,452,827 1,327,665
Increase in stocks (95,997 ) (31,269 )
Increase in trade and other debtors (1,169,246 ) (815,852 )
Increase in trade and other creditors 1,750,073 528,683
Cash generated from operations 1,937,657 1,009,227

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31/3/23 1/4/22
£ £
Cash and cash equivalents 2,273,090 2,370,612
Bank overdrafts (43,594 ) -
2,229,496 2,370,612
Year ended 31 March 2022
31/3/22 1/4/21
£ £
Cash and cash equivalents 2,370,612 2,078,315


3. Analysis of changes in net funds

Other
non-cash
At 1/4/22 Cash flow changes At 31/3/23
£ £ £ £
Net cash
Cash at bank
and in hand 2,370,612 (97,522 ) 2,273,090
Bank overdrafts - (43,594 ) (43,594 )
2,370,612 (141,116 ) 2,229,496
Debt
Finance leases - 64,232 (128,883 ) (64,651 )
- 64,232 (128,883 ) (64,651 )
Total 2,370,612 (76,884 ) (128,883 ) 2,164,845

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


1. Statutory information

John Henshall (Fruit Salesmen) Holdings 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 General 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.

Related party exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

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.

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


3. Accounting policies - continued

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

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.

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 and loans to fellow group companies, 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 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 Consolidated 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.


JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


3. Accounting policies - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group'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 principal activities of the group.

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. Employees and directors
2023 2022
£ £
Wages and salaries 1,880,770 1,766,897
Social security costs 180,662 186,779
Other pension costs 114,080 111,656
2,175,512 2,065,332

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


5. Employees and directors - continued

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

Administration 9 9
Sales 33 30
Warehouse 15 13
57 52

The average number of employees by undertakings that were proportionately consolidated during the year was 3 (2022 - 3 ) .

2023 2022
£ £
Directors' remuneration 155,222 106,209
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 2 2

6. 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 (12,698 ) (13,189 )
Auditors' remuneration 12,815 10,500
Auditors' remuneration for non audit work 3,901 5,665

Included in the above is £11,000 (2022 - £9,000) auditors' remuneration and £3,901 (2022 - £5,665) that relate to the subsidiary in the group.

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

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


8. 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 202,532 242,939
(Over)/under provision PY 1,274 6,356
Total current tax 203,806 249,295

Deferred tax 82,000 (13,000 )
Tax on profit 285,806 236,295

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 1,332,041 1,310,468
Profit multiplied by the standard rate of corporation tax in the UK of 19 %
(2022 - 19 %)

253,088

248,989

Effects of:
Expenses not deductible for tax purposes 25,651 (725 )
Income not taxable for tax purposes (12,052 ) (8,935 )
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 285,806 236,295

9. Individual statement of comprehensive income

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


10. Dividends
2023 2022
£ £
Ordinary shares of 1p each
Interim 17,824 17,824
F Ordinary shares of 1p each
Interim 1,250,000 -
Redeemable A Ordinary shares of 1p each
Interim 124,000 74,675
Redeemable B Ordinary shares of 1p each
Interim 71,000 71,675
Redeemable C Ordinary shares of 1p each
Interim 40,000 40,000
Redeemable D Ordinary shares of 1p each
Interim 50,000 100,000
Redeemable E Ordinary shares of 1p each
Interim 100,000 100,000
1,652,824 404,174

11. Tangible fixed assets

Group
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
£ £ £ £
Valuation in 1987 100,000 - - 100,000
Cost - 350,456 880,507 1,230,963
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.

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


11. Tangible fixed assets - continued

Group

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

12. Fixed asset investments

Group
Listed
investments
£
Cost or valuation
At 1 April 2022 801,400
Disposals (22,298 )
Impairments (28,428 )
At 31 March 2023 750,674
Provisions
At 1 April 2022
and 31 March 2023 50,000
Net book value
At 31 March 2023 700,674
At 31 March 2022 751,400

Cost or valuation at 31 March 2023 is represented by:

Listed
investments
£
Valuation in 2023 (3,112 )
Cost 753,786
750,674

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


12. Fixed asset investments - continued

Company
Shares in
group Other
undertakings investments Totals
£ £ £
Cost or valuation
At 1 April 2022 2,670 684,125 686,795
Disposals - (22,298 ) (22,298 )
Impairments - (28,428 ) (28,428 )
At 31 March 2023 2,670 633,399 636,069
Net book value
At 31 March 2023 2,670 633,399 636,069
At 31 March 2022 2,670 684,125 686,795

Cost or valuation at 31 March 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£ £ £
Valuation in 2023 - (3,112 ) (3,112 )
Cost 2,670 636,511 639,181
2,670 633,399 636,069

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

John Henshall (Fruit Salesmen) Limited
Registered office: Stalls D 5-7, New Smithfield Market, Whitworth Street East, Manchester, M11 2WJ
Nature of business: Wholesale of fruit and vegetables

%
Class of shares: holding
Ordinary 100.00
Redeemable A ordinary 100.00
Redeemable B ordinary 100.00
Redeemable C ordinary 100.00
Redeemable D ordinary 100.00
Redeemable E ordinary 100.00
F ordinary 100.00

31 March 2023 31 March 2022
£ £
Aggregate capital and reserves 1,218,776 1,222,375
Profit for the year 811,401 970,574


JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


13. Stocks

Group
2023 2022
£ £
Stocks 327,104 231,107

14. Debtors: amounts falling due within one year

Group Company
2023 2022 2023 2022
£ £ £ £
Trade debtors 2,888,172 1,957,382 - -
Amounts owed by group undertakings - - 531,442 205,328
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 2,620,379 531,442 205,328

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

15. Creditors: amounts falling due within one year

Group Company
2023 2022 2023 2022
£ £ £ £
Bank loans and overdrafts (see note 16) 43,594 - - -
Hire purchase contracts (see note 17) 64,651 - - -
Trade creditors 2,718,884 2,157,943 - -
Corporation tax 256,313 260,999 61,804 16,337
Social security and other taxes 77,573 83,400 - -
Other creditors 1,556,405 307,322 1,250,000 -
Directors' current accounts 8 2,189 8 184
Accruals and deferred income 37,148 91,272 3,900 3,900
4,754,576 2,903,125 1,315,712 20,421

16. Loans

An analysis of the maturity of loans is given below:

Group
2023 2022
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 43,594 -

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


17. Leasing agreements

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 64,651 -

18. Secured debts

The following secured debts are included within creditors:

Group
2023 2022
£ £
Hire purchase contracts 64,651 -

The hire purchase creditor is secured on the assets to which it relates.

19. Provisions for liabilities

Group
2023 2022
£ £
Deferred tax
Accelerated capital allowances 114,000 32,000

Group
Deferred tax
£
Balance at 1 April 2022 32,000
Provided during year 82,000
Balance at 31 March 2023 114,000

20. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
71,295,000 Ordinary 1p 712,950 712,950
69,500 F Ordinary 1p 695 695
500 Redeemable A Ordinary 1p 5 5
500 Redeemable B Ordinary 1p 5 5
500 Redeemable C Ordinary 1p 5 5
500 Redeemable D Ordinary 1p 5 5
500 Redeemable E Ordinary 1p 5 5
713,670 713,670

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

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


20. Called up share capital - continued

Each ordinary share is entitled to one vote in any circumstances each ordinary share is entitled to receive any dividend as may be declared by the directors each ordinary share is entitled pari passu to participate in a distribution arising from the winding up of the company.

Each F ordinary share is not entitled to vote in any circumstances each F ordinary share is entitled to receive any dividend declared by the directors on the F shares each F ordinary share will have the right to be repaid at par on a return of capital with no further right to share in any surplus on a winding up of the company.

Each category of redeemable share is not entitled to vote in any circumstances each share is entitled to receive any dividend as may be declared by the directors each share is entitled to be repaid at par on a return of capital with no further right to share in any surplus.

21. Reserves

Group
Retained Other
earnings reserves Totals
£ £ £

At 1 April 2022 2,549,869 27 2,549,896
Profit for the year 1,046,235 - 1,046,235
Dividends (1,652,824 ) - (1,652,824 )
At 31 March 2023 1,943,280 27 1,943,307

Company
Retained Other
earnings reserves Totals
£ £ £

At 1 April 2022 1,330,139 27 1,330,166
Profit for the year 1,049,833 - 1,049,833
Dividends (1,652,824 ) - (1,652,824 )
At 31 March 2023 727,148 27 727,175


22. 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.

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

JOHN HENSHALL (FRUIT SALESMEN) HOLDINGS
LIMITED (REGISTERED NUMBER: 10726783)

Notes to the Consolidated 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:

2023 2022
£ £
Balance outstanding at start of year 178,097 110,836
Advances 225,949 143,429
Credits (165,538 ) (76,168 )
Balance outstanding at the end of year 238,508 178,097

25. Related party disclosures

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 236,494 187,439
Amount due from related party 238,058 178,097
Amount due to related party - 2,005

The balances above are interest free and repayable on demand.