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REGISTERED NUMBER: 14752509 (England and Wales)















Unaudited Financial Statements

for the Period 23 March 2023 to 31 December 2023

for

FRESH WAYS LOGISTICS LTD

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)






Contents of the Financial Statements
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH WAYS LOGISTICS LTD

Company Information
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023







DIRECTORS: S Bocchetti
N Sorace





REGISTERED OFFICE: Lympne Industrial Park,
Lympne Hythe
Kent,
England
CT21 4LR





REGISTERED NUMBER: 14752509 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Balance Sheet
31 DECEMBER 2023

Notes £   
FIXED ASSETS
Tangible assets 4 4,798

CURRENT ASSETS
Debtors 5 106,084
Cash at bank 34,739
140,823
CREDITORS
Amounts falling due within one year 6 (118,922 )
NET CURRENT ASSETS 21,901
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,699

CREDITORS
Amounts falling due after more than one year 7 (104,748 )
NET LIABILITIES (78,049 )

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (79,049 )
(78,049 )

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

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

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Balance Sheet - continued
31 DECEMBER 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 30 April 2024 and were signed on its behalf by:





N Sorace - Director


FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Notes to the Financial Statements
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

FRESH WAYS LOGISTICS 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Revenues from rendering of services are recognized when it is probable that an economic benefit associated with the transaction will flow to the entity and the amount of revenue can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment : 25% SL

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Notes to the Financial Statements - continued
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.


Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables.
These are initially recognised at transaction price. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled, or expires.

Taxation
Taxation for the period 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 period 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.

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Notes to the Financial Statements - continued
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 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.

Going concern
The Shareholder has confirmed that it will continue to provide the financial resources necessary for the Company to meet its financial commitments as they fall due for at least twelve months from the date of approval of these financial statements. Therefore, the directors consider it appropriate that the financial statements are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,757
At 31 December 2023 5,757
DEPRECIATION
Charge for period 959
At 31 December 2023 959
NET BOOK VALUE
At 31 December 2023 4,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 82,484
Other debtors 23,600
106,084

FRESH WAYS LOGISTICS LTD (REGISTERED NUMBER: 14752509)

Notes to the Financial Statements - continued
FOR THE PERIOD 23 MARCH 2023 TO 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 20
Trade creditors 6,650
Amounts owed to group undertakings 103,552
Taxation and social security 272
Other creditors 8,428
118,922

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to group undertakings 104,748

8. OTHER COMMITMENTS

At 31 December 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £ 21,000.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Fresh Ways Srl a company incorporated in Italy.