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REGISTERED NUMBER: 01842728 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Freshway Limited

Freshway Limited (Registered number: 01842728)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Freshway Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: L A Barr
Mrs D M Barr





SECRETARY: L A Barr





REGISTERED OFFICE: Little Gables
Manor Lane
Gerrards Cross
Buckinghamshire
SL9 7NH





REGISTERED NUMBER: 01842728 (England and Wales)





ACCOUNTANTS: Wheeler & Co
Chartered Accountants
24 Dukes Wood Avenue
Gerrards Cross
Buckinghamshire
SL9 7JT

Freshway Limited (Registered number: 01842728)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 300,000 300,000
300,000 300,000

CURRENT ASSETS
Debtors 6 276 219
Cash at bank 190 1,345
466 1,564
CREDITORS
Amounts falling due within one year 7 20,899 17,894
NET CURRENT LIABILITIES (20,433 ) (16,330 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,567

283,670

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 279,467 283,570
SHAREHOLDERS' FUNDS 279,567 283,670

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:




L A Barr - Director


Freshway Limited (Registered number: 01842728)

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

1. STATUTORY INFORMATION

Freshway 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises net invoiced sales of services and rent receivable, net of value added tax

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

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Freshway Limited (Registered number: 01842728)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 19,000
AMORTISATION
At 1 April 2022
and 31 March 2023 19,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 300,000 13,230 313,230
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 13,230 13,230
NET BOOK VALUE
At 31 March 2023 300,000 - 300,000
At 31 March 2022 300,000 - 300,000

There would be no capital gains tax to pay if the building was sold at the current valuation of £300,000, because for tax purposes the original cost of £224,003 is increased by the retail price index increase since the purchase in 1985.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 276 219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 60 1,996
Other creditors 20,839 15,898
20,899 17,894

Freshway Limited (Registered number: 01842728)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2022 283,570
Deficit for the year (103 )
Dividends (4,000 )
At 31 March 2023 279,467

9. RELATED PARTY DISCLOSURES

The amounts due to the directors at the balance sheet date are £18,364 (2022: £13,523)

The directors received dividends of £4,000 (2022: £4,000) during the year.

10. ULTIMATE CONTROLLING PARTY

The Company is under the control of Mr and Mrs Barr who own 100% of the company.