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REGISTERED NUMBER: 03125419 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

VALUEFRESH LTD

VALUEFRESH LTD (REGISTERED NUMBER: 03125419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALUEFRESH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: Mr M J Woods





REGISTERED OFFICE: 33 The Ridgeway
Chatham
Kent
ME4 6PD





REGISTERED NUMBER: 03125419 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

VALUEFRESH LTD (REGISTERED NUMBER: 03125419)

BALANCE SHEET
31ST OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313,349 303,025

CURRENT ASSETS
Stocks 150 200
Debtors 5 1,866 5,683
Cash at bank 4,522 3,710
6,538 9,593
CREDITORS
Amounts falling due within one year 6 47,054 50,261
NET CURRENT LIABILITIES (40,516 ) (40,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,833

262,357

CREDITORS
Amounts falling due after more than one
year

7

(17,439

)

(27,618

)

PROVISIONS FOR LIABILITIES (251 ) (545 )
NET ASSETS 255,143 234,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 255,043 234,094
SHAREHOLDERS' FUNDS 255,143 234,194

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

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

The director acknowledges his 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.

VALUEFRESH LTD (REGISTERED NUMBER: 03125419)

BALANCE SHEET - continued
31ST OCTOBER 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 director and authorised for issue on 14th February 2024 and were signed by:





Mr M J Woods - Director


VALUEFRESH LTD (REGISTERED NUMBER: 03125419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Valuefresh 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 and value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Storage shed - 10% on reducing balance
Long leasehold - over the life of the lease
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.


VALUEFRESH LTD (REGISTERED NUMBER: 03125419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Storage Long to Plant and
shed leasehold property machinery
£    £    £    £   
COST
At 1st November 2022 2,872 305,879 - 17,372
Additions - - 15,173 -
At 31st October 2023 2,872 305,879 15,173 17,372
DEPRECIATION
At 1st November 2022 1,175 6,082 - 16,371
Charge for year 170 759 3,547 226
At 31st October 2023 1,345 6,841 3,547 16,597
NET BOOK VALUE
At 31st October 2023 1,527 299,038 11,626 775
At 31st October 2022 1,697 299,797 - 1,001

VALUEFRESH LTD (REGISTERED NUMBER: 03125419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2022 4,729 25,004 3,408 359,264
Additions - - - 15,173
At 31st October 2023 4,729 25,004 3,408 374,437
DEPRECIATION
At 1st November 2022 4,600 24,622 3,389 56,239
Charge for year 32 96 19 4,849
At 31st October 2023 4,632 24,718 3,408 61,088
NET BOOK VALUE
At 31st October 2023 97 286 - 313,349
At 31st October 2022 129 382 19 303,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 4,294
VAT 922 471
Prepayments 944 918
1,866 5,683

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,938 9,575
Trade creditors 20 20
Taxation, social security and
other taxes 6,642 12,934
Director's current account 28,752 26,032
Accrued expenses 1,702 1,700
47,054 50,261

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 17,439 27,618