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REGISTERED NUMBER: 11375020 (England and Wales)















WELLFRESH PRODUCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






WELLFRESH PRODUCE LTD (REGISTERED NUMBER: 11375020)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WELLFRESH PRODUCE LTD

COMPANY INFORMATION
For The Year Ended 30 JUNE 2024







DIRECTORS: A Bonfield
M Stuart





REGISTERED OFFICE: Minerva Mill Innovation Centre
Station Road
Alcester
Warwickshire
B49 5ET





REGISTERED NUMBER: 11375020 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

WELLFRESH PRODUCE LTD (REGISTERED NUMBER: 11375020)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,444 2,562

CURRENT ASSETS
Stocks 60,239 58,403
Debtors 5 859,809 627,869
Cash at bank and in hand 623,397 472,222
1,543,445 1,158,494
CREDITORS
Amounts falling due within one year 6 1,249,536 877,620
NET CURRENT ASSETS 293,909 280,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,353

283,436

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 281,186 259,269

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 281,086 259,169
SHAREHOLDERS' FUNDS 281,186 259,269

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

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

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 18 November 2024 and were signed on its behalf by:





M Stuart - Director


WELLFRESH PRODUCE LTD (REGISTERED NUMBER: 11375020)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2024


1. STATUTORY INFORMATION

Wellfresh 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.
Fixtures and fittings - 25% 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.

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 year was 4 (2023 - 3 ) .

WELLFRESH PRODUCE LTD (REGISTERED NUMBER: 11375020)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 11,334
DEPRECIATION
At 1 July 2023 8,772
Charge for year 1,118
At 30 June 2024 9,890
NET BOOK VALUE
At 30 June 2024 1,444
At 30 June 2023 2,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 848,182 606,460
Other debtors 11,627 21,409
859,809 627,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 961,034 525,008
Amounts owed to group undertakings 173,679 260,000
Taxation and social security 100,395 78,468
Other creditors 4,428 4,144
1,249,536 877,620

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 14,167 24,167

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 15,300 14,235
Between one and five years 17,700 32,005
33,000 46,240