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REGISTERED NUMBER: 05998302 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024

FOR

FRESH MOVE LTD

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESH MOVE LTD

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024







DIRECTORS: Mrs F Gardner
Mr J B Gardner



REGISTERED OFFICE: Dean Clarke House
Southernhay East
Exeter
Devon
EX1 1AP



REGISTERED NUMBER: 05998302 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Arbuthnot Latham
Arbuthnot House
7 Wilson Street
London
EC2M 2SN

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,748 30,015
22,748 30,015

CURRENT ASSETS
Debtors 6 52,834 57,581
Cash at bank 69,586 36,018
122,420 93,599
CREDITORS
Amounts falling due within one year 7 112,697 83,257
NET CURRENT ASSETS 9,723 10,342
TOTAL ASSETS LESS CURRENT LIABILITIES 32,471 40,357

CREDITORS
Amounts falling due after more than one
year

8

(18,009

)

(32,445

)

PROVISIONS FOR LIABILITIES (4,628 ) (4,920 )
NET ASSETS 9,834 2,992

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,834 1,992
SHAREHOLDERS' FUNDS 9,834 2,992

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

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 Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





Mrs F Gardner - Director


FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Fresh Move 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period 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.

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 period 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.

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 31 March 2024 35,000
AMORTISATION
At 1 December 2022
and 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 23,909 20,647 19,022 4,699 68,277
Additions - 230 - - 230
At 31 March 2024 23,909 20,877 19,022 4,699 68,507
DEPRECIATION
At 1 December 2022 - 18,182 16,653 3,427 38,262
Charge for period 4,782 718 790 1,207 7,497
At 31 March 2024 4,782 18,900 17,443 4,634 45,759
NET BOOK VALUE
At 31 March 2024 19,127 1,977 1,579 65 22,748
At 30 November 2022 23,909 2,465 2,369 1,272 30,015

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Amounts owed by associates 49,719 50,289
Directors' current accounts 3,115 7,292
52,834 57,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 10,241 9,706
Trade creditors 721 -
Amounts owed to associates 23,073 15,669
Tax 6,784 12,503
Social security and other taxes 820 1,176
VAT 6,152 7,414
Other creditors 62,272 34,641
Accrued expenses 2,634 2,148
112,697 83,257

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Bank loans - 2-5 years 18,009 32,445

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 30 November 2022:

2024 2022
£    £   
Mrs F Gardner
Balance outstanding at start of period 3,646 3,345
Amounts advanced 8,888 17,383
Amounts repaid (10,977 ) (17,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,557 3,646

Mr J B Gardner
Balance outstanding at start of period 3,646 3,345
Amounts advanced 8,530 16,841
Amounts repaid (10,618 ) (16,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,558 3,646

Loan interest free and repayable on demand.

FRESH MOVE LTD (REGISTERED NUMBER: 05998302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MARCH 2024


10. RELATED PARTY DISCLOSURES

During the period, total dividends of £20,000 (2022 - £30,000) were paid to the directors .

During the period the company owed Fresh Escapes Ltd, a company Mrs Fiona Gardner & Mr James Gardner are also Directors of, an amount of £49,719 (2022: £50,289).

During the period, the amount borrowed from Fresh Move Franchise Ltd, a company Mrs Fiona Gardner & Mr James Gardner are also Directors of, was written off. The amount owing to the company at the period end is £Nil (2022 - £6,795).

The amount owing to Dart Valley Cottages Ltd, a company Mrs Fiona Gardner & Mr James Gardner are also Directors of, an amount of £23,073 (2022: £8,874).

The loans are unsecured, interest free and repayable on demand.

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £28,251 (2022: £42,151) is a COVID-19 Bounce Back Loan guaranteed by the government. Term runs to December 2026.