125 false false false false false false false false false false true false false false false false true No description of principal activity 2022-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 16,609 10,611 5,536 16,147 462 5,998 xbrli:pure xbrli:shares iso4217:GBP 12595906 2022-10-01 2023-09-30 12595906 2023-09-30 12595906 2022-09-30 12595906 2021-10-01 2022-09-30 12595906 2022-09-30 12595906 2021-09-30 12595906 core:PlantMachinery 2022-10-01 2023-09-30 12595906 core:FurnitureFittings 2022-10-01 2023-09-30 12595906 core:MotorVehicles 2022-10-01 2023-09-30 12595906 bus:Director1 2022-10-01 2023-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12595906 core:PlantMachinery 2022-09-30 12595906 core:FurnitureFittings 2022-09-30 12595906 core:MotorVehicles 2022-09-30 12595906 core:PlantMachinery 2023-09-30 12595906 core:FurnitureFittings 2023-09-30 12595906 core:MotorVehicles 2023-09-30 12595906 core:WithinOneYear 2023-09-30 12595906 core:WithinOneYear 2022-09-30 12595906 core:AfterOneYear 2023-09-30 12595906 core:AfterOneYear 2022-09-30 12595906 core:ShareCapital 2023-09-30 12595906 core:ShareCapital 2022-09-30 12595906 core:RetainedEarningsAccumulatedLosses 2023-09-30 12595906 core:RetainedEarningsAccumulatedLosses 2022-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 12595906 core:PlantMachinery 2022-09-30 12595906 core:FurnitureFittings 2022-09-30 12595906 core:MotorVehicles 2022-09-30 12595906 bus:SmallEntities 2022-10-01 2023-09-30 12595906 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12595906 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12595906 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12595906 bus:FullAccounts 2022-10-01 2023-09-30 12595906 core:ComputerEquipment 2022-10-01 2023-09-30 12595906 core:ComputerEquipment 2022-09-30 12595906 core:ComputerEquipment 2023-09-30
COMPANY REGISTRATION NUMBER: 12595906
ARROW FRESH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2023
ARROW FRESH LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Intangible assets
5
462
5,998
Tangible assets
6
1,335,129
800,057
------------
---------
1,335,591
806,055
CURRENT ASSETS
Stocks
354,566
201,012
Debtors
7
298,285
240,381
Cash at bank and in hand
67
129
---------
---------
652,918
441,522
CREDITORS: amounts falling due within one year
8
1,114,469
748,740
------------
---------
NET CURRENT LIABILITIES
461,551
307,218
------------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
874,040
498,837
CREDITORS: amounts falling due after more than one year
9
499,582
324,466
---------
---------
NET ASSETS
374,458
174,371
---------
---------
CAPITAL AND RESERVES
Called up share capital
201
200
Profit and loss account
374,257
174,171
---------
---------
SHAREHOLDERS FUNDS
374,458
174,371
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ARROW FRESH LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:
D Richmond
Director
Company registration number: 12595906
ARROW FRESH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3-5 Brookfield Trading Estate, Brookfield Street, Leeds, LS10 1EY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
20% straight line
Equipment
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 125 (2022: 63 ).
5. INTANGIBLE ASSETS
Development costs
£
Cost
At 1 October 2022 and 30 September 2023
16,609
--------
Amortisation
At 1 October 2022
10,611
Charge for the year
5,536
--------
At 30 September 2023
16,147
--------
Carrying amount
At 30 September 2023
462
--------
At 30 September 2022
5,998
--------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2022
1,101
735,577
130,738
35,836
903,252
Additions
916
413,335
407,404
13,984
835,639
Disposals
( 35,978)
( 14,199)
( 50,177)
-------
------------
---------
--------
------------
At 30 September 2023
2,017
1,112,934
523,943
49,820
1,688,714
-------
------------
---------
--------
------------
Depreciation
At 1 October 2022
347
85,107
11,722
6,019
103,195
Charge for the year
374
194,202
54,877
8,412
257,865
Disposals
( 3,185)
( 4,290)
( 7,475)
-------
------------
---------
--------
------------
At 30 September 2023
721
276,124
62,309
14,431
353,585
-------
------------
---------
--------
------------
Carrying amount
At 30 September 2023
1,296
836,810
461,634
35,389
1,335,129
-------
------------
---------
--------
------------
At 30 September 2022
754
650,470
119,016
29,817
800,057
-------
------------
---------
--------
------------
7. DEBTORS
2023
2022
£
£
Trade debtors
90,756
40,658
Other debtors
207,529
199,723
---------
---------
298,285
240,381
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
341,516
76,279
Trade creditors
561,548
498,778
Social security and other taxes
35,385
8,611
Other creditors
176,020
165,072
------------
---------
1,114,469
748,740
------------
---------
9. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
417,082
61,192
Other creditors
82,500
263,274
---------
---------
499,582
324,466
---------
---------