Registered number
13394562
Simple Fresh Fruits And Vegetables Ltd
Filleted Accounts
30 April 2024
Simple Fresh Fruits And Vegetables Ltd
Registered number: 13394562
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 135,000 135,000
Tangible assets 4 32,026 40,033
167,026 175,033
Current assets
Stocks 85,000 46,500
Debtors 5 52,509 52,476
Capital On Tap (25,676) (22,463)
Cash at bank and in hand 2,775 9,094
114,608 85,607
Creditors: amounts falling due within one year 6 (254,170) (233,590)
Net current liabilities (139,562) (147,983)
Net assets 27,464 27,050
Capital and reserves
Called up share capital 100 100
Profit and loss account 27,364 26,950
Shareholder's funds 27,464 27,050
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Barbaros Yener
Director
Approved by the board on 10 January 2025
Simple Fresh Fruits And Vegetables Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 135,000
At 30 April 2024 135,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 135,000
At 30 April 2023 135,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 40,000 14,500 54,500
At 30 April 2024 40,000 14,500 54,500
Depreciation
At 1 May 2023 13,760 707 14,467
Charge for the year 5,248 2,759 8,007
At 30 April 2024 19,008 3,466 22,474
Net book value
At 30 April 2024 20,992 11,034 32,026
At 30 April 2023 26,240 13,793 40,033
5 Debtors 2024 2023
£ £
Rent - Deposit 31,000 31,000
Net VAT due 3,989 4,508
Other debtors 17,520 16,968
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 28,578 57,416
Taxation and social security costs 2,021 3,837
Other creditors 223,571 172,337
254,170 233,590
7 Other information
Simple Fresh Fruits And Vegetables Ltd is a private company limited by shares and incorporated in England. Its registered office is:
234 High Road
Ilford
London
IG1 1NE
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