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REGISTERED NUMBER: 04384300 (England and Wales)













Financial Statements

for the Period 30 March 2023 to 27 March 2024

for

The Original Produce Company
(Middlesbrough) Limited

The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)






Contents of the Financial Statements
for the Period 30 March 2023 to 27 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Original Produce Company
(Middlesbrough) Limited

Company Information
for the Period 30 March 2023 to 27 March 2024







DIRECTORS: J Scott
J C Bell



SECRETARY: J Scott



REGISTERED OFFICE: Fresh Produce & Flower Centre
Barton Road
MIDDLESBROUGH
Cleveland
TS2 1RY



REGISTERED NUMBER: 04384300 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Hobson BA (Hons), FCCA



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
140 Coniscliffe Road
Darlington
County Durham
DL3 7RT

The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)

Balance Sheet
27 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 5 32,153 30,080
Debtors 6 804,070 842,809
Cash at bank and in hand 332,099 304,332
1,168,322 1,177,221
CREDITORS
Amounts falling due within one year 7 661,251 653,452
NET CURRENT ASSETS 507,071 523,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,071

523,769

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 506,971 523,669
SHAREHOLDERS' FUNDS 507,071 523,769

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 3 October 2024 and were signed on its behalf by:




J Scott - Director



J C Bell - Director


The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)

Notes to the Financial Statements
for the Period 30 March 2023 to 27 March 2024

1. STATUTORY INFORMATION

The Original Produce Company (Middlesbrough) Limited 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.

There were no material departures from that standard.

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.

The company's finance system works on a 4-4-5 week basis, meaning the date the year-end figures are prepared to depends on how the end of the week falls. For this period that was on 27 March 2024, and so the figures are prepared up to that date. This does not change the company's accounting reference date at Companies House, which remains as 31 March.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Income is recognised when the goods have been despatched to customers.

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 - 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items. Cost is calculated using the first-in, first out formula.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)

Notes to the Financial Statements - continued
for the Period 30 March 2023 to 27 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 30 March 2023
and 27 March 2024 154,445 54,541 33,168 242,154
DEPRECIATION
At 30 March 2023
and 27 March 2024 154,445 54,541 33,168 242,154
NET BOOK VALUE
At 27 March 2024 - - - -
At 29 March 2023 - - - -

The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)

Notes to the Financial Statements - continued
for the Period 30 March 2023 to 27 March 2024

5. STOCKS
2024 2023
£    £   
Stocks 32,153 30,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 58,974 71,826
Amounts owed by group undertakings 692,004 748,948
Other debtors 4,405 9,270
Directors' current accounts 19,778 -
Prepayments and accrued income 28,909 12,765
804,070 842,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 588,837 541,179
Taxation and social security 6,515 9,769
Other creditors 3,077 7,050
Directors' current accounts - 221
Accruals and deferred income 62,822 95,233
661,251 653,452

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 439 1,304
Between one and five years - 439
439 1,743

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

The Original Produce Company
(Middlesbrough) Limited (Registered number: 04384300)

Notes to the Financial Statements - continued
for the Period 30 March 2023 to 27 March 2024

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were not appointed as auditors of the company until after 31 March 2022, whilst we were able to carry out work in relation to opening balances at 1 April 2022 that relate to the period ending 31 March 2022, we were unable to obtain sufficient evidence through other audit procedures in respect of some areas, including the stock figures at that point. The stock value in the March 2022 financial statements being £21,137. Our audit opinion on the financial statements for the period 31 March 2023 was modified accordingly. Our opinion on the current period's financial statements is also modified because of the possible effect of these matters on the comparability of the current periods figures and the corresponding figures.

We conducted our audit in accordance with International Standards on Auditing(UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

We believe that the audit evidence we have obtained is sufficient appropriate to provide a basis for our qualified opinion.

Martin Hobson BA (Hons), FCCA (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 27 March 2024 and 29 March 2023:

2024 2023
£    £   
J Scott
Balance outstanding at start of period (210 ) (210 )
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 9,790 (210 )

J C Bell
Balance outstanding at start of period (12 ) (12 )
Amounts advanced 10,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 9,988 (12 )

12. ULTIMATE CONTROLLING PARTY

The company's parent and ultimate parent company is Embeck Group Limited, a company registered in England and Wales.