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REGISTERED NUMBER: 03723937 (England and Wales)












Financial Statements

for the Year Ended 31st March 2023

for

FRESHLINES PRODUCE LTD.

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESHLINES PRODUCE LTD.

Company Information
for the year ended 31st March 2023







DIRECTORS: I R Butson
Mrs J Butson





SECRETARY: Mrs J Butson





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 03723937 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Balance Sheet
31st March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,600 750

CURRENT ASSETS
Stocks 40,773 46,475
Debtors 5 30,682 33,178
Cash at bank 473,716 487,815
545,171 567,468
CREDITORS
Amounts falling due within one year 6 84,827 91,322
NET CURRENT ASSETS 460,344 476,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

471,944

476,896

PROVISIONS FOR LIABILITIES 356 129
NET ASSETS 471,588 476,767

CAPITAL AND RESERVES
Called up share capital 7 36,000 36,000
Other reserves (322,178 ) (322,178 )
Retained earnings 757,766 762,945
SHAREHOLDERS' FUNDS 471,588 476,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Balance Sheet - continued
31st March 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2023 and were signed on its behalf by:





I R Butson - Director


FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

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


1. STATUTORY INFORMATION

Freshlines Produce Ltd. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Computer equipment - 25% on cost

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 11 ).

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022 100,986 - 2,009 102,995
Additions - 14,500 - 14,500
At 31st March 2023 100,986 14,500 2,009 117,495
DEPRECIATION
At 1st April 2022 100,236 - 2,009 102,245
Charge for year 750 2,900 - 3,650
At 31st March 2023 100,986 2,900 2,009 105,895
NET BOOK VALUE
At 31st March 2023 - 11,600 - 11,600
At 31st March 2022 750 - - 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 29,769 30,587
Other debtors 913 2,591
30,682 33,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts - 5,290
Trade creditors 55,738 45,890
Taxation and social security 13,978 22,206
Other creditors 15,111 17,936
84,827 91,322

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
36,000 Ordinary £1 36,000 36,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is I R Butson.