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REGISTERED NUMBER: 03445796 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

THE DRIFFIELD FRUIT CENTRE LIMITED

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Contents of the Financial Statements
for the Year Ended 31st October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DRIFFIELD FRUIT CENTRE LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: Mr A Rafter
Mrs T Rafter





SECRETARY: Mr A Rafter





REGISTERED OFFICE: 60 Middle Street South
Driffield
North Humberside
YO25 7PH





REGISTERED NUMBER: 03445796 (England and Wales)





ACCOUNTANTS: Harrison Blakeley Accountancy Limited
21 Church Street
Horbury
Wakefield
West Yorkshire
WF4 6LT

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Balance Sheet
31st October 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 29,846 14,708
29,846 14,708

CURRENT ASSETS
Stocks 16,573 12,698
Debtors 6 190,634 191,450
Cash at bank and in hand 9,256 11,504
216,463 215,652
CREDITORS
Amounts falling due within one year 7 175,585 152,997
NET CURRENT ASSETS 40,878 62,655
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,724

77,363

CREDITORS
Amounts falling due after more than one
year

8

(53,724

)

(59,468

)

PROVISIONS FOR LIABILITIES (5,841 ) (2,975 )
NET ASSETS 11,159 14,920

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,059 14,820
11,159 14,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Balance Sheet - continued
31st October 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 27th January 2025 and were signed on its behalf by:





Mr A Rafter - Director


THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Notes to the Financial Statements
for the Year Ended 31st October 2024


1. STATUTORY INFORMATION

The Driffield Fruit Centre Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance

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.

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 30 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 5,000
AMORTISATION
At 1st November 2023
and 31st October 2024 5,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 -

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 121,903
Additions 22,600
At 31st October 2024 144,503
DEPRECIATION
At 1st November 2023 107,195
Charge for year 7,462
At 31st October 2024 114,657
NET BOOK VALUE
At 31st October 2024 29,846
At 31st October 2023 14,708

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 22,600
At 31st October 2024 22,600
DEPRECIATION
Charge for year 4,520
At 31st October 2024 4,520
NET BOOK VALUE
At 31st October 2024 18,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 25,482 25,957
Other debtors 158,000 157,834
VAT 3,614 4,478
Prepayments 3,538 3,181
190,634 191,450

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,650 -
Trade creditors 131,023 119,155
Taxation and social security 8,324 6,599
Other creditors 20,588 17,243
175,585 152,997

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 14,596 -
Other creditors 26,628 36,968
53,724 59,468

9. OTHER FINANCIAL COMMITMENTS

Total operating lease commitments entered into at 31st October 2024 and 31st October 2023 amounted to £4,442 and £13,399 respectively.

THE DRIFFIELD FRUIT CENTRE LIMITED (REGISTERED NUMBER: 03445796)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024


10. RELATED PARTY DISCLOSURES

Rafters Wholesale Limited
Associated company

At the Balance Sheet date the following balances existed:
2024 2023

Included in Other Debtors - Loan to Rafters Wholesale Limited £158,000 £142,834

No interest is charged on these amounts and there are no fixed terms for repayment.


During the year ended 31st October 2024 the following transactions took place:
2024 2023

Rent paid to Rafters Wholesale Limited £28,000 £24,000



Pension Scheme
Included in other creditors, there are two loans from Mr & Mrs Rafters pension schemes

2024 2023

Due within 1 year £13,257 £10,198
Due between 2 and 5 years £26,628 £36,968

Interest is being charged on these loans and there are fixed terms for repayment.