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REGISTERED NUMBER: 07810165 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Jamaica Fresh Produce Limited

Jamaica Fresh Produce Limited (Registered number: 07810165)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Jamaica Fresh Produce Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: SA Mir
S A Mir
Mrs G Shujah





SECRETARY:





REGISTERED OFFICE: Unit 3, St Chads
Industrial Estate Brearley Street
Hockley
Birmingham
B19 3XJ





REGISTERED NUMBER: 07810165 (England and Wales)





ACCOUNTANTS: M.F Khan & Co
375 Coventry Road
Smal Heath
Birmingham
West Midlands
B10 0SW

Jamaica Fresh Produce Limited (Registered number: 07810165)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - (273 )
Tangible assets 5 406,287 447,165
406,287 446,892

CURRENT ASSETS
Stocks 31,886 29,350
Debtors 6 143,045 138,176
Cash at bank and in hand 112,236 65,383
287,167 232,909
CREDITORS
Amounts falling due within one year 7 470,870 404,266
NET CURRENT LIABILITIES (183,703 ) (171,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,584

275,535

CREDITORS
Amounts falling due after more than one
year

8

(115,295

)

(151,872

)

PROVISIONS FOR LIABILITIES (25,145 ) (25,145 )
NET ASSETS 82,144 98,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,044 98,418
82,144 98,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Jamaica Fresh Produce Limited (Registered number: 07810165)

Balance Sheet - continued
30 November 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





SA Mir - Director


Jamaica Fresh Produce Limited (Registered number: 07810165)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Jamaica Fresh Produce 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.

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 2011, 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 etc - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Jamaica Fresh Produce Limited (Registered number: 07810165)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 year was 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 32,800
AMORTISATION
At 1 December 2022 33,073
Charge for year (273 )
At 30 November 2023 32,800
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 (273 )

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 280,778 477,395 758,173
Additions - 958 958
At 30 November 2023 280,778 478,353 759,131
DEPRECIATION
At 1 December 2022 - 311,008 311,008
Charge for year - 41,836 41,836
At 30 November 2023 - 352,844 352,844
NET BOOK VALUE
At 30 November 2023 280,778 125,509 406,287
At 30 November 2022 280,778 166,387 447,165

Jamaica Fresh Produce Limited (Registered number: 07810165)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 95,884 125,560
Other debtors 47,161 12,616
143,045 138,176

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 24,200 26,018
Trade creditors 412,675 284,850
Taxation and social security 5,778 19,277
Other creditors 28,217 74,121
470,870 404,266

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 80,800 104,072
Hire purchase contracts 34,495 47,800
115,295 151,872