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Company Registration No. 08834601 (England and Wales)
Fresh Sourcing Ltd Unaudited accounts for the year ended 31 January 2024
Fresh Sourcing Ltd Unaudited accounts Contents
Page
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Fresh Sourcing Ltd Company Information for the year ended 31 January 2024
Directors
Joanna Davey Andrew Jenner
Company Number
08834601 (England and Wales)
Registered Office
267 PRESTBURY ROAD CHELTENHAM GLOUCESTERSHIRE GL52 3EX ENGLAND
Accountants
Louise Newman and co Ltd 2 Bath Mews Bath Parade Cheltenham Gloucestershire GL53 7HL
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Fresh Sourcing Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,485 
2,551 
Current assets
Debtors
19,377 
21,544 
Cash at bank and in hand
2,182 
23 
21,559 
21,567 
Creditors: amounts falling due within one year
(50,238)
(50,407)
Net current liabilities
(28,679)
(28,840)
Total assets less current liabilities
(26,194)
(26,289)
Creditors: amounts falling due after more than one year
(31,977)
(40,347)
Provisions for liabilities
Other provisions
- 
(65)
Net liabilities
(58,171)
(66,701)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(58,271)
(66,801)
Shareholders' funds
(58,171)
(66,701)
For the year ending 31 January 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 7 October 2024 and were signed on its behalf by
Andrew Jenner Director Company Registration No. 08834601
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Fresh Sourcing Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Fresh Sourcing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08834601. The registered office is 267 PRESTBURY ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL52 3EX, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
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. 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.
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
33% straight line
Fixtures & fittings
18% reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Fresh Sourcing Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
10,871 
1,340 
12,211 
Additions
1,150 
500 
1,650 
At 31 January 2024
12,021 
1,840 
13,861 
Depreciation
At 1 February 2023
9,018 
642 
9,660 
Charge for the year
1,501 
215 
1,716 
At 31 January 2024
10,519 
857 
11,376 
Net book value
At 31 January 2024
1,502 
983 
2,485 
At 31 January 2023
1,853 
698 
2,551 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
538 
- 
Other debtors
18,839 
21,544 
19,377 
21,544 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
70 
Trade creditors
64 
3,445 
Taxes and social security
47,900 
45,191 
Other creditors
274 
1,701 
Accruals
2,000 
- 
50,238 
50,407 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,977 
40,347 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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