Registered number
03775203
Fresh Professional Development Ltd
Unaudited Filleted Accounts
31 December 2023
Fresh Professional Development Ltd
Registered number: 03775203
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 86,410 125,597
Tangible assets 4 20,966 21,647
107,376 147,244
Current assets
Debtors 5 232,858 215,940
Cash at bank and in hand 81,227 87,146
314,085 303,086
Creditors: amounts falling due within one year 6 (114,894) (108,401)
Net current assets 199,191 194,685
Total assets less current liabilities 306,567 341,929
Creditors: amounts falling due after more than one year 7 (71,985) (107,482)
Provisions for liabilities (20,401) (27,976)
Net assets 214,181 206,471
Capital and reserves
Called up share capital 100 100
Profit and loss account 214,081 206,371
Shareholders' funds 214,181 206,471
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W J R Cooper
Director
Approved by the board on 14 August 2024
Fresh Professional Development Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% Declining Balance
Fixtures, fittings, tools and equipment 25% Declining balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Computer software:
Cost
At 1 January 2023 287,784
At 31 December 2023 287,784
Amortisation
At 1 January 2023 162,187
Provided during the year 39,187
At 31 December 2023 201,374
Net book value
At 31 December 2023 86,410
At 31 December 2022 125,597
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 19,584 38,886 58,470
At 31 December 2023 19,584 38,886 58,470
Depreciation
At 1 January 2023 - 36,823 36,823
Charge for the year - 681 681
At 31 December 2023 - 37,504 37,504
Net book value
At 31 December 2023 19,584 1,382 20,966
At 31 December 2022 19,584 2,063 21,647
5 Debtors 2023 2022
£ £
Trade debtors 29,467 22,420
Amounts owed by group undertakings and undertakings in which the company has a participating interest 196,680 185,600
Other debtors 6,711 7,920
232,858 215,940
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 47,154 47,154
Trade creditors 13,330 25,331
Taxation and social security costs 35,790 31,798
Other creditors 18,620 4,118
114,894 108,401
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 71,985 107,482
8 Related party transactions
At year end Fresh Professional Development Limited's Intercompany Loan to Fresh Development Group Limited amounted to £186,680 (2022: £185,600). This balance is included within Debtors: Group Undertakings.
9 Controlling party
The parent company is Fresh Development Group Limited, registered office address: Charfield Hall Farm Little Bristol Lane, Charfield, Wotton-Under-Edge, Gloucestershire, GL12 8LN
10 Other information
Fresh Professional Development Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Charfield Hall, Little Bristol Lane 
Charfield 
Wotton-Under-Edge,
Gloucestershire
GL12 8LN
Fresh Professional Development Ltd 03775203 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 W J R Cooper No description of principal activity 03775203 2022-01-01 2022-12-31 03775203 core:WithinOneYear 2022-12-31 03775203 core:AfterOneYear 2022-12-31 03775203 core:ShareCapital 2022-12-31 03775203 core:RetainedEarningsAccumulatedLosses 2022-12-31 03775203 2023-01-01 2023-12-31 03775203 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03775203 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03775203 bus:Director40 2023-01-01 2023-12-31 03775203 1 2023-01-01 2023-12-31 03775203 2 2023-01-01 2023-12-31 03775203 core:Goodwill 2023-01-01 2023-12-31 03775203 core:LandBuildings 2023-01-01 2023-12-31 03775203 core:PlantMachinery 2023-01-01 2023-12-31 03775203 countries:England 2023-01-01 2023-12-31 03775203 bus:FRS102 2023-01-01 2023-12-31 03775203 bus:FilletedAccounts 2023-01-01 2023-12-31 03775203 2023-12-31 03775203 core:WithinOneYear 2023-12-31 03775203 core:AfterOneYear 2023-12-31 03775203 core:ShareCapital 2023-12-31 03775203 core:RetainedEarningsAccumulatedLosses 2023-12-31 03775203 core:Goodwill 2023-12-31 03775203 core:LandBuildings 2023-12-31 03775203 core:PlantMachinery 2023-12-31 03775203 2022-12-31 03775203 core:Goodwill 2022-12-31 03775203 core:LandBuildings 2022-12-31 03775203 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure