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REGISTERED NUMBER: 07413016 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

FRY FRESH EDIBLE OILS LIMITED

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

FRY FRESH EDIBLE OILS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs D A Williams
N T Williams





REGISTERED OFFICE: Unit 1
Vauxhall Industrial Estate
Ruabon
Wrexham
LL14 6HA





REGISTERED NUMBER: 07413016 (England and Wales)

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,053,302 999,982
Investment property 5 750,000 750,000
1,803,302 1,749,982

CURRENT ASSETS
Stocks 305,304 390,576
Debtors 6 342,084 237,413
Cash at bank and in hand 308,846 321,775
956,234 949,764
CREDITORS
Amounts falling due within one year 7 995,667 746,829
NET CURRENT (LIABILITIES)/ASSETS (39,433 ) 202,935
TOTAL ASSETS LESS CURRENT LIABILITIES 1,763,869 1,952,917

CREDITORS
Amounts falling due after more than one year 8 (829,856 ) (708,506 )

PROVISIONS FOR LIABILITIES (246,227 ) (224,229 )
NET ASSETS 687,786 1,020,182

CAPITAL AND RESERVES
Called up share capital 9 5 5
Share premium 10 25,000 25,000
Revaluation reserve 10 75,998 75,998
Fair value reserve 10 436,336 436,336
Retained earnings 10 150,447 482,843
SHAREHOLDERS' FUNDS 687,786 1,020,182

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

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

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





N T Williams - Director


FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

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

1. STATUTORY INFORMATION

Fry Fresh Edible Oils 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 as modified by the revaluation of certain assets.

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

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.

Development costs have been fully amortised in the current year.

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.
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

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 36 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 November 2022 250,000 569,113 -
Additions 64,000 88,743 17,045
Disposals - - -
At 31 October 2023 314,000 657,856 17,045
DEPRECIATION
At 1 November 2022 - 222,351 -
Charge for year - 108,922 -
Eliminated on disposal - - -
At 31 October 2023 - 331,273 -
NET BOOK VALUE
At 31 October 2023 314,000 326,583 17,045
At 31 October 2022 250,000 346,762 -

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 730,014 3,750 1,552,877
Additions 103,157 3,360 276,305
Disposals (129,332 ) - (129,332 )
At 31 October 2023 703,839 7,110 1,699,850
DEPRECIATION
At 1 November 2022 329,127 1,417 552,895
Charge for year 112,959 1,101 222,982
Eliminated on disposal (129,329 ) - (129,329 )
At 31 October 2023 312,757 2,518 646,548
NET BOOK VALUE
At 31 October 2023 391,082 4,592 1,053,302
At 31 October 2022 400,887 2,333 999,982

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2020 75,998 - -
Cost 238,002 657,856 17,045
314,000 657,856 17,045

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2020 - - 75,998
Cost 703,839 7,110 1,623,852
703,839 7,110 1,699,850

The freehold property was valued at open market value by the Directors of the company.

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 November 2022 552,110
Additions 103,157
Transfer to ownership (32,308 )
At 31 October 2023 622,959
DEPRECIATION
At 1 November 2022 151,227
Charge for year 112,959
Transfer to ownership (32,307 )
At 31 October 2023 231,879
NET BOOK VALUE
At 31 October 2023 391,080
At 31 October 2022 400,883

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 750,000
NET BOOK VALUE
At 31 October 2023 750,000
At 31 October 2022 750,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 436,336
Cost 313,664
750,000

The investment property was valued at open market value by the Directors of the company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 275,180 185,650
Other debtors 66,904 51,763
342,084 237,413

FRY FRESH EDIBLE OILS LIMITED (REGISTERED NUMBER: 07413016)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 20,213 10,000
Hire purchase contracts 132,457 106,398
Trade creditors 652,149 541,043
Taxation and social security 25,947 29,619
Other creditors 164,901 59,769
995,667 746,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,667 26,667
Hire purchase contracts 306,964 322,416
Other creditors 506,225 359,423
829,856 708,506

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
4 Ordinary 1 4 4
1 A Ordinary 1 1 1
5 5

10. RESERVES
Fair
Retained Share Revaluation value
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 November 2022 482,843 25,000 75,998 436,336 1,020,177
Deficit for the year (97,332 ) (97,332 )
Dividends (235,064 ) (235,064 )
At 31 October 2023 150,447 25,000 75,998 436,336 687,781

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount of £17,024 (£1 - 2022 in creditors) relating to the Directors Loan account of Mr N Williams, director and shareholder of the company.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £235,064 were paid to the directors .

13. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fry Fresh Edible Oils Limited (Registered number: 07413016)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fry Fresh Edible Oils Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fry Fresh Edible Oils Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fry Fresh Edible Oils Limited and state those matters that we have agreed to state to the Board of Directors of Fry Fresh Edible Oils Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fry Fresh Edible Oils Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fry Fresh Edible Oils Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fry Fresh Edible Oils Limited. You consider that Fry Fresh Edible Oils Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fry Fresh Edible Oils Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................