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REGISTERED NUMBER: 04932475 (England and Wales)















Unaudited Financial Statements for the Year Ended 5 April 2023

for

Hughes Fresh Fruit Ltd

Hughes Fresh Fruit Ltd (Registered number: 04932475)






Contents of the Financial Statements
for the Year Ended 5 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Hughes Fresh Fruit Ltd

Company Information
for the Year Ended 5 April 2023







DIRECTORS: W D Hughes
Mrs F J Hughes





SECRETARY: W D Hughes





REGISTERED OFFICE: Yspytty House
Rhydargaeau
Carmarthen
SA32 7JJ





REGISTERED NUMBER: 04932475 (England and Wales)





ACCOUNTANTS: Eagle Accountancy (UK) Limited
2 Coracle Offices
St Catherine Street
Carmarthen
Carmarthenshire
SA31 1RD

Hughes Fresh Fruit Ltd (Registered number: 04932475)

Statement of Financial Position
5 April 2023

5.4.23 5.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,061 8,826
7,061 8,826

CURRENT ASSETS
Stocks 12,005 9,006
Debtors 6 25,674 41,222
Cash at bank and in hand 36,615 22,337
74,294 72,565
CREDITORS
Amounts falling due within one year 7 67,601 62,279
NET CURRENT ASSETS 6,693 10,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,754

19,112

PROVISIONS FOR LIABILITIES 1,342 1,677
NET ASSETS 12,412 17,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,312 17,335
SHAREHOLDERS' FUNDS 12,412 17,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 27 June 2023 and were signed on its behalf by:



W D Hughes - Director



Mrs F J Hughes - Director


Hughes Fresh Fruit Ltd (Registered number: 04932475)

Notes to the Financial Statements
for the Year Ended 5 April 2023

1. STATUTORY INFORMATION

Hughes Fresh Fruit 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
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 company contributes to the directors' personal pension schemes. Contributions in any year are charged to the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

Hughes Fresh Fruit Ltd (Registered number: 04932475)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 6 April 2022
and 5 April 2023 74,808
AMORTISATION
At 6 April 2022
and 5 April 2023 74,808
NET BOOK VALUE
At 5 April 2023 -
At 5 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 6 April 2022
and 5 April 2023 70,612
DEPRECIATION
At 6 April 2022 61,786
Charge for year 1,765
At 5 April 2023 63,551
NET BOOK VALUE
At 5 April 2023 7,061
At 5 April 2022 8,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Other debtors - 8,985
VAT 5,984 3,747
Prepayments 19,690 28,490
25,674 41,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 5.4.22
£    £   
Trade creditors - 3,684
Tax 6,678 2,018
Social security and other taxes 662 189
Directors' current accounts 58,344 54,894
Accruals and deferred income 1,917 1,494
67,601 62,279

Hughes Fresh Fruit Ltd (Registered number: 04932475)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2023 and 5 April 2022:

5.4.23 5.4.22
£    £   
Mrs H V Weston
Balance outstanding at start of year - 162
Amounts repaid - (162 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -