1 June 2023 false No description of principal activity Taxfiler 2024.5 12616797business:PrivateLimitedCompanyLtd2023-06-012024-05-31 126167972023-05-31 126167972023-06-012024-05-31 12616797business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 12616797business:FilletedAccounts2023-06-012024-05-31 126167972024-05-31 126167972023-05-31 12616797core:WithinOneYear2024-05-31 12616797core:WithinOneYear2023-05-31 12616797core:AfterOneYear2024-05-31 12616797core:AfterOneYear2023-05-31 12616797core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 12616797core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 12616797core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 12616797core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 12616797core:PreviouslyStatedAmount2024-05-31 12616797core:PreviouslyStatedAmount2023-05-31 12616797business:SmallEntities2023-06-012024-05-31 12616797business:Director12023-06-012024-05-31 12616797countries:EnglandWales2023-06-012024-05-31 12616797business:RegisteredOffice2023-06-012024-05-31 12616797core:PlantMachinery2023-06-012024-05-31 12616797core:MotorVehicles2023-06-012024-05-31 12616797core:PlantMachinery2023-05-31 12616797core:MotorVehicles2023-05-31 12616797core:PlantMachinery2024-05-31 12616797core:MotorVehicles2024-05-31 126167972022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12616797 (England and Wales)
MyFreshCo Limited Unaudited accounts for the year ended 31 May 2024
MyFreshCo Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
133,024 
65,213 
Current assets
Inventories
35,500 
- 
Debtors
120,754 
61,050 
Cash at bank and in hand
11,633 
8,502 
167,887 
69,552 
Creditors: amounts falling due within one year
(298,687)
(212,635)
Net current liabilities
(130,800)
(143,083)
Total assets less current liabilities
2,224 
(77,870)
Creditors: amounts falling due after more than one year
(68,205)
- 
Net liabilities
(65,981)
(77,870)
Capital and reserves
Called up share capital
33 
33 
Profit and loss account
(66,014)
(77,903)
Shareholders' funds
(65,981)
(77,870)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
Rishwant Bhinder Director Company Registration No. 12616797
- 2 -
MyFreshCo Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
MyFreshCo Limited is a private company, limited by shares, registered in England and Wales, registration number 12616797. The registered office is Unit Y4 Claybrook Court, Herald Way, Binley Industrial Estate, Coventry, CV3 2NY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
10% straight line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
- 3 -
MyFreshCo Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
59,816 
45,325 
105,141 
Additions
- 
97,785 
97,785 
Disposals
- 
(7,400)
(7,400)
At 31 May 2024
59,816 
135,710 
195,526 
Depreciation
At 1 June 2023
21,798 
18,130 
39,928 
Charge for the year
11,963 
13,571 
25,534 
On disposals
- 
(2,960)
(2,960)
At 31 May 2024
33,761 
28,741 
62,502 
Net book value
At 31 May 2024
26,055 
106,969 
133,024 
At 31 May 2023
38,018 
27,195 
65,213 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
8,239 
6,554 
Trade debtors
97,430 
54,496 
Accrued income and prepayments
12,570 
- 
Other debtors
2,515 
- 
120,754 
61,050 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
18,275 
- 
Trade creditors
88,505 
75,541 
Taxes and social security
4,400 
425 
Other creditors
67,073 
22,591 
Loans from directors
119,434 
114,078 
Accruals
1,000 
- 
298,687 
212,635 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
56,259 
- 
Other creditors
11,946 
- 
68,205 
- 
- 4 -
MyFreshCo Limited Notes to the Accounts for the year ended 31 May 2024
8
Loans to directors
Amount due to Rishwant Bhinder at the year is £112,529 (2023: £99,439) Amount due to Harsharan Bhinder at the year is £6,905 (2023: £4,000)
9
Average number of employees
During the year the average number of employees was 8 (2023: 6).
- 5 -