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REGISTERED NUMBER: SC371260 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Charles Stamper Fruit & Veg Ltd

Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charles Stamper Fruit & Veg Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Stamper
Mrs L Stamper
R C Stamper
Miss D L Stamper





REGISTERED OFFICE: Cowan & Partners
60 Constitution Street
Leith
Edinburgh
MIDLOTHIAN
EH6 6RR





REGISTERED NUMBER: SC371260 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,242 342,458

CURRENT ASSETS
Stocks 76,665 89,581
Debtors 5 541,120 783,787
Cash at bank and in hand 542,729 526,690
1,160,514 1,400,058
CREDITORS
Amounts falling due within one year 6 598,132 884,257
NET CURRENT ASSETS 562,382 515,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

928,624

858,259

CREDITORS
Amounts falling due after more than one year 7 (148,413 ) (206,328 )

PROVISIONS FOR LIABILITIES (80,934 ) (80,074 )
NET ASSETS 699,277 571,857

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 694,277 566,857
SHAREHOLDERS' FUNDS 699,277 571,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mrs L Stamper - Director


Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Charles Stamper Fruit & Veg Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax. The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods have been passed to the buyer.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Land 30% RB
Plant and machinery 20% RB
Fixtures and fittings 20% RB
Motor Vehicles 20% RB
Computers 20% SL

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 38 ) .

Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 21,445 161,722 7,651
Additions - 21,148 339
Disposals - (19,563 ) -
At 30 April 2024 21,445 163,307 7,990
DEPRECIATION
At 1 May 2023 18,184 135,610 2,456
Charge for year 1,520 14,653 1,368
Eliminated on disposal - (14,874 ) -
At 30 April 2024 19,704 135,389 3,824
NET BOOK VALUE
At 30 April 2024 1,741 27,918 4,166
At 30 April 2023 3,261 26,112 5,195

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 630,123 65,787 886,728
Additions 97,887 6,151 125,525
Disposals (86,395 ) (32,002 ) (137,960 )
At 30 April 2024 641,615 39,936 874,293
DEPRECIATION
At 1 May 2023 330,687 57,333 544,270
Charge for year 73,753 5,758 97,052
Eliminated on disposal (86,395 ) (32,002 ) (133,271 )
At 30 April 2024 318,045 31,089 508,051
NET BOOK VALUE
At 30 April 2024 323,570 8,847 366,242
At 30 April 2023 299,436 8,454 342,458

No indicators of impairment were noted during the year.

Charles Stamper Fruit & Veg Ltd (Registered number: SC371260)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 449,310 651,736
Other debtors 91,810 132,051
541,120 783,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 89,330 58,543
Trade creditors 330,417 521,464
Taxation and social security 62,492 18,460
Other creditors 115,893 285,790
598,132 884,257

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 93,489 104,813
Other creditors 54,924 101,515
148,413 206,328

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank Loan 94,697 140,151

A floating charge over all the properties and assets of the company was taken out in favour of Lloyds TSB Commercial Finance Limited on 13th October, 2010.