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REGISTERED NUMBER: SC441319 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Fruits In The City Limited

Fruits In The City Limited (Registered number: SC441319)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fruits In The City Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J M Henderson





REGISTERED OFFICE: Unit 24
New Broompark Business Park
Edinburgh
EH5 1RS





REGISTERED NUMBER: SC441319 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Fruits In The City Limited (Registered number: SC441319)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 12,946 19,136
Tangible assets 5 14,738 23,179
27,684 42,315

CURRENT ASSETS
Stocks 2,250 1,475
Debtors 6 94,884 65,037
Cash at bank and in hand 54,201 38,700
151,335 105,212
CREDITORS
Amounts falling due within one year 7 63,855 45,995
NET CURRENT ASSETS 87,480 59,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,164

101,532

CREDITORS
Amounts falling due after more than one year 8 (8,495 ) (13,333 )

PROVISIONS FOR LIABILITIES 10 (862 ) (4,403 )
NET ASSETS 105,807 83,796

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 105,707 83,696
SHAREHOLDERS' FUNDS 105,807 83,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Fruits In The City Limited (Registered number: SC441319)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 30 August 2024 and were signed by:





J M Henderson - Director


Fruits In The City Limited (Registered number: SC441319)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fruits In The City Limited is a private company, limited by shares , registered in Scotland. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised at the rate of 10%. Goodwill is initially measured at cost and after initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated ammortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings-20% on cost
Motor vehicles-25% on cost
Computer equipment-25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments
The company only has financial instruments and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

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.


Fruits In The City Limited (Registered number: SC441319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Patents and Computer
Goodwill licences software Totals
£ £ £ £
COST
At 1 April 2023
and 31 March 2024 70,000 215 24,524 94,739
AMORTISATION
At 1 April 2023 66,283 65 9,255 75,603
Amortisation for year 3,717 21 2,452 6,190
At 31 March 2024 70,000 86 11,707 81,793
NET BOOK VALUE
At 31 March 2024 - 129 12,817 12,946
At 31 March 2023 3,717 150 15,269 19,136

Fruits In The City Limited (Registered number: SC441319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 April 2023 5,116 94,178 4,552 103,846
Disposals (41 ) - - (41 )
At 31 March 2024 5,075 94,178 4,552 103,805
DEPRECIATION
At 1 April 2023 4,069 73,307 3,291 80,667
Charge for year 398 7,624 420 8,442
Eliminated on disposal (42 ) - - (42 )
At 31 March 2024 4,425 80,931 3,711 89,067
NET BOOK VALUE
At 31 March 2024 650 13,247 841 14,738
At 31 March 2023 1,047 20,871 1,261 23,179

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 85,908 49,444
Other debtors 8,976 15,593
94,884 65,037

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade creditors 48 443
Taxation and social security 38,264 20,150
Other creditors 25,543 25,402
63,855 45,995

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£ £
Other creditors 8,495 13,333

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£ £
Within one year 9,000 9,000
Between one and five years - 9,000
9,000 18,000

Fruits In The City Limited (Registered number: SC441319)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£ £
Deferred tax 862 4,403

Deferred tax
£
Balance at 1 April 2023 4,403
Provided during year (3,541 )
Balance at 31 March 2024 862

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £ £
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company owed the director £820 as at 31st March 2024 (2023 - £228 was owed by the director).

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £53,837 were paid to the director (2023 - £30,600).

During the year, total dividends of £35,891 were paid to a family member of the director (2023 - £20,400)

Loan from a family member of the director to the company £16,089 (2023 - £18,589).

14. ULTIMATE CONTROLLING PARTY

The controlling party is J M Henderson.