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REGISTERED NUMBER: 03723937 (England and Wales)












Financial Statements

for the Year Ended 31st March 2024

for

FRESHLINES PRODUCE LTD.

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRESHLINES PRODUCE LTD.

Company Information
for the year ended 31st March 2024







DIRECTORS: I R Butson
Mrs J Butson





SECRETARY: Mrs J Butson





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 03723937 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,105 11,600

CURRENT ASSETS
Stocks 37,708 40,773
Debtors 5 39,385 30,682
Cash at bank 652,750 473,716
729,843 545,171
CREDITORS
Amounts falling due within one year 6 164,995 84,827
NET CURRENT ASSETS 564,848 460,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,953

471,944

PROVISIONS FOR LIABILITIES 2,194 356
NET ASSETS 571,759 471,588

CAPITAL AND RESERVES
Called up share capital 7 36,000 36,000
Other reserves (322,178 ) (322,178 )
Retained earnings 857,937 757,766
SHAREHOLDERS' FUNDS 571,759 471,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2024 and were signed on its behalf by:





I R Butson - Director


FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Notes to the Financial Statements
for the year ended 31st March 2024


1. STATUTORY INFORMATION

Freshlines Produce 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.

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 - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

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.

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 10 (2023 - 10 ) .

FRESHLINES PRODUCE LTD. (REGISTERED NUMBER: 03723937)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2023 100,986 14,500 2,009 117,495
Additions - - 541 541
At 31st March 2024 100,986 14,500 2,550 118,036
DEPRECIATION
At 1st April 2023 100,986 2,900 2,009 105,895
Charge for year - 2,900 136 3,036
At 31st March 2024 100,986 5,800 2,145 108,931
NET BOOK VALUE
At 31st March 2024 - 8,700 405 9,105
At 31st March 2023 - 11,600 - 11,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 37,422 29,769
Other debtors 1,963 913
39,385 30,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 3,147 -
Trade creditors 93,730 55,738
Taxation and social security 55,338 13,978
Other creditors 12,780 15,111
164,995 84,827

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
36,000 Ordinary £1 36,000 36,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is I R Butson.

The Company is under the control of its Directors.