FRESH PRODUCE AND GROCERIES UK LTD

Company Registration Number:
08854255 (England and Wales)

Unaudited abridged accounts for the year ended 29 January 2024

Period of accounts

Start date: 31 January 2023

End date: 29 January 2024

FRESH PRODUCE AND GROCERIES UK LTD

Contents of the Financial Statements

for the Period Ended 29 January 2024

Balance sheet
Notes

FRESH PRODUCE AND GROCERIES UK LTD

Balance sheet

As at 29 January 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 156,000 169,000
Tangible assets: 4 321,672 374,648
Total fixed assets: 477,672 543,648
Current assets
Debtors:   3,146,285 2,435,990
Cash at bank and in hand: 3,108 8,706
Total current assets: 3,149,393 2,444,696
Creditors: amounts falling due within one year: 5 (2,738,281) (2,371,709)
Net current assets (liabilities): 411,112 72,987
Total assets less current liabilities: 888,784 616,635
Creditors: amounts falling due after more than one year: 6 (338,700) (123,573)
Total net assets (liabilities): 550,084 493,062
Capital and reserves
Called up share capital: 20,001 20,000
Profit and loss account: 530,083 473,062
Shareholders funds: 550,084 493,062

The notes form part of these financial statements

FRESH PRODUCE AND GROCERIES UK LTD

Balance sheet statements

For the year ending 29 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 January 2025
and signed on behalf of the board by:

Name: Karamvir Singh Malhi
Status: Director

The notes form part of these financial statements

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives Short Leasehold properties : reducing balance 15% Commercial vehicles : Reducing balance 25% Motor cars : Reducing balance 25%

Other accounting policies

Pension costs : The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

2. Employees

2024 2023
Average number of employees during the period 6 21

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

3. Intangible Assets

Total
Cost £
At 31 January 2023 260,000
At 29 January 2024 260,000
Amortisation
At 31 January 2023 91,000
Charge for year 13,000
At 29 January 2024 104,000
Net book value
At 29 January 2024 156,000
At 30 January 2023 169,000

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

4. Tangible Assets

Total
Cost £
At 31 January 2023 746,678
Additions 16,572
At 29 January 2024 763,250
Depreciation
At 31 January 2023 372,030
Charge for year 69,548
At 29 January 2024 441,578
Net book value
At 29 January 2024 321,672
At 30 January 2023 374,648

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

5. Creditors: amounts falling due within one year note

UK corporation tax: £90109 (2024) ; £48347 (2023) Pension - NEST : £645 (2024); £430 (2023) PAYE control: £4048 (2024); £12756 (2023) Salaries & Wages control: £10280 (2024); £18340 (2023) Bank Loans & Overdrafts : £27258 (2024); £24,898 (2023) Bank Loan : £23533 (2024) ; £23533 (2023) Funding Loan : £121668(2024); £180700 (2023) Nucleus Loan : £ - (2024) ; £322,618 (2023) Credit card : £10923 (2024) ; £10532 (2023) Finance leases : £17209 (2024); £17209 (2023) Trade creditors: £694747 (2024); £232810 (2023) Accrual : £2230 (2024); £2230 (2023) Amount due to group companies : £1735631 (2024); £1477306 (2023)

FRESH PRODUCE AND GROCERIES UK LTD

Notes to the Financial Statements

for the Period Ended 29 January 2024

6. Creditors: amounts falling due after more than one year note

Bank loans ( unsecured ) : £295925 (2024); £63589 (2023) Finance leases > 1year £42775 (2024) ; £59984 (2023)