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REGISTERED NUMBER: 05197292 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CORNISH FRESH LTD

CORNISH FRESH LTD (REGISTERED NUMBER: 05197292)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CORNISH FRESH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: G N Jones





REGISTERED OFFICE: The Flat
Cornish Fresh
Mawgan Porth
Newquay
Cornwall
TR8 4BA





REGISTERED NUMBER: 05197292 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

CORNISH FRESH LTD (REGISTERED NUMBER: 05197292)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,666 153,524

CURRENT ASSETS
Stocks 51,062 48,630
Debtors 5 394,713 3,528
Cash at bank and in hand 354,697 629,039
800,472 681,197
CREDITORS
Amounts falling due within one year 6 78,655 69,258
NET CURRENT ASSETS 721,817 611,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,483

765,463

PROVISIONS FOR LIABILITIES 26,084 16,073
NET ASSETS 876,399 749,390

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 875,399 748,390
SHAREHOLDERS' FUNDS 876,399 749,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 5 July 2024 and were signed by:



G N Jones - Director


CORNISH FRESH LTD (REGISTERED NUMBER: 05197292)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Cornish Fresh 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 represents net invoiced sales of goods and services, excluding 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.
Short leasehold - Straight line over 20 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 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.

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.

CORNISH FRESH LTD (REGISTERED NUMBER: 05197292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 December 2022 87,106 - 208,789
Additions - 17,024 35,760
At 30 November 2023 87,106 17,024 244,549
DEPRECIATION
At 1 December 2022 18,883 - 157,875
Charge for year 4,356 2,554 12,902
At 30 November 2023 23,239 2,554 170,777
NET BOOK VALUE
At 30 November 2023 63,867 14,470 73,772
At 30 November 2022 68,223 - 50,914

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 57,939 40,881 394,715
Additions - 3,255 56,039
At 30 November 2023 57,939 44,136 450,754
DEPRECIATION
At 1 December 2022 34,703 29,730 241,191
Charge for year 5,809 3,276 28,897
At 30 November 2023 40,512 33,006 270,088
NET BOOK VALUE
At 30 November 2023 17,427 11,130 180,666
At 30 November 2022 23,236 11,151 153,524

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 10,053 3,528
Directors' current accounts 384,660 -
394,713 3,528

CORNISH FRESH LTD (REGISTERED NUMBER: 05197292)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 28,313 16,103
Other creditors 742 708
Tax 36,145 35,119
Social security and other taxes 11,992 12,779
Directors' current accounts - 3,086
Accrued expenses 1,463 1,463
78,655 69,258

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
G N Jones
Balance outstanding at start of year (3,086 ) (987 )
Amounts advanced 414,649 24,979
Amounts repaid (26,903 ) (27,078 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 384,660 (3,086 )

The loan to the director was repaid on 27/02/2024.

8. RELATED PARTY DISCLOSURES

The company is controlled by the director and his family, by virtue of the fact that they own 100% of the company's ordinary issued share capital.