Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07456921 Imelda O'Keefe Emma Robinson Qinghua Hu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07456921 2022-12-31 07456921 2023-12-31 07456921 2023-01-01 2023-12-31 07456921 frs-core:CurrentFinancialInstruments 2023-12-31 07456921 frs-core:Non-currentFinancialInstruments 2023-12-31 07456921 frs-core:ComputerEquipment 2023-01-01 2023-12-31 07456921 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07456921 frs-core:PlantMachinery 2023-12-31 07456921 frs-core:PlantMachinery 2023-01-01 2023-12-31 07456921 frs-core:PlantMachinery 2022-12-31 07456921 frs-core:ShareCapital 2023-12-31 07456921 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07456921 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07456921 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07456921 frs-bus:SmallEntities 2023-01-01 2023-12-31 07456921 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07456921 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07456921 frs-bus:Director1 2023-01-01 2023-12-31 07456921 frs-bus:Director2 2023-01-01 2023-12-31 07456921 frs-bus:Director3 2023-01-01 2023-12-31 07456921 frs-countries:EnglandWales 2023-01-01 2023-12-31 07456921 2021-12-31 07456921 2022-12-31 07456921 2022-01-01 2022-12-31 07456921 frs-core:CurrentFinancialInstruments 2022-12-31 07456921 frs-core:Non-currentFinancialInstruments 2022-12-31 07456921 frs-core:ShareCapital 2022-12-31 07456921 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07456921
Fresh Global Alliance Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07456921
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 443 4,205
443 4,205
CURRENT ASSETS
Stocks 5 75,000 2,000
Debtors 6 121,135 248,973
Cash at bank and in hand 22,772 114,291
218,907 365,264
Creditors: Amounts Falling Due Within One Year 7 (120,772 ) (129,150 )
NET CURRENT ASSETS (LIABILITIES) 98,135 236,114
TOTAL ASSETS LESS CURRENT LIABILITIES 98,578 240,319
Creditors: Amounts Falling Due After More Than One Year 8 (219,281 ) (229,061 )
NET (LIABILITIES)/ASSETS (120,703 ) 11,258
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (120,803 ) 11,158
SHAREHOLDERS' FUNDS (120,703) 11,258
Page 1
Page 2
For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Imelda O'Keefe
Director
23/09/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fresh Global Alliance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07456921 . The registered office is Cedar House Sutton Quays Business Park, Clifton Road, Sutton Weaver, WA7 3EH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 January 2023 21,317
As at 31 December 2023 21,317
Depreciation
As at 1 January 2023 17,112
Provided during the period 3,762
As at 31 December 2023 20,874
Net Book Value
As at 31 December 2023 443
As at 1 January 2023 4,205
5. Stocks
2023 2022
£ £
Work in progress 75,000 2,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 32,916 113,485
Amounts owed by group undertakings 88,219 135,488
121,135 248,973
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,142 -
Bank loans and overdrafts 9,785 9,789
Amounts owed to group undertakings 74,973 24,973
Other creditors 24,639 62,813
Taxation and social security 10,233 31,575
120,772 129,150
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 19,281 29,061
Other creditors 200,000 200,000
219,281 229,061
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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