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REGISTERED NUMBER: 07283539 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Amwell Fruit Company Limited

Amwell Fruit Company Limited (Registered number: 07283539)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amwell Fruit Company Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr M Berry
Mrs L A Berry





REGISTERED OFFICE: Unit X
Tylers Cross Nursery
Nazeing
Essex
EN9 2DH





REGISTERED NUMBER: 07283539 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Amwell Fruit Company Limited (Registered number: 07283539)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 2,136 50,015
2,136 60,015

CURRENT ASSETS
Stocks 6 - 3,750
Debtors 7 256,110 173,182
Cash at bank and in hand 70,500 16,300
326,610 193,232
CREDITORS
Amounts falling due within one year 8 92,972 159,352
NET CURRENT ASSETS 233,638 33,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,774

93,895

CREDITORS
Amounts falling due after more than one year 9 (38,956 ) (53,220 )

PROVISIONS FOR LIABILITIES (534 ) (9,503 )
NET ASSETS 196,284 31,172

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 196,184 31,072
SHAREHOLDERS' FUNDS 196,284 31,172

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

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

Amwell Fruit Company Limited (Registered number: 07283539)

Balance Sheet - continued
31 July 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 12 April 2024 and were signed on its behalf by:





Mrs L A Berry - Director


Amwell Fruit Company Limited (Registered number: 07283539)

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

1. STATUTORY INFORMATION

Amwell Fruit Company 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.

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 2013, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 15% 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.

Amwell Fruit Company Limited (Registered number: 07283539)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 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 11 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022 100,000
Disposals (100,000 )
At 31 July 2023 -
AMORTISATION
At 1 August 2022 90,000
Eliminated on disposal (90,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 10,000

Amwell Fruit Company Limited (Registered number: 07283539)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 3,000 27,316 124,821 2,343 157,480
Additions - - - 1,232 1,232
Disposals (3,000 ) (27,316 ) (124,821 ) - (155,137 )
At 31 July 2023 - - - 3,575 3,575
DEPRECIATION
At 1 August 2022 3,000 12,783 90,779 903 107,465
Charge for year - - - 536 536
Eliminated on disposal (3,000 ) (12,783 ) (90,779 ) - (106,562 )
At 31 July 2023 - - - 1,439 1,439
NET BOOK VALUE
At 31 July 2023 - - - 2,136 2,136
At 31 July 2022 - 14,533 34,042 1,440 50,015

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 86,647
Disposals (86,647 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 67,142
Eliminated on disposal (67,147 )
At 31 July 2023 (5 )
NET BOOK VALUE
At 31 July 2023 5
At 31 July 2022 19,505

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks - 3,750

Amwell Fruit Company Limited (Registered number: 07283539)

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

7. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 2,949 166,232
Other debtors 106,217 6,950
109,166 173,182

Amounts falling due after more than one year:
Other debtors 146,944 -

Aggregate amounts 256,110 173,182

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,350 7,103
Hire purchase contracts - 11,411
Trade creditors 2,255 109,167
Taxation and social security 73,794 20,160
Other creditors 7,573 11,511
92,972 159,352

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 38,956 42,628
Hire purchase contracts - 10,592
38,956 53,220

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,733 20,405

10. RELATED PARTY DISCLOSURES

The company is controlled by its directors.