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REGISTERED NUMBER: 07207772 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

FRESKO FOODS LIMITED

FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FRESKO FOODS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs G Loucas



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfiled
B73 5HU



REGISTERED NUMBER: 07207772 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Santander UK
Bridle Road
Bootle
Merseyside
L30 4GB

FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 24,000
Tangible assets 5 134,694 151,525
Investment property 6 182,944 160,000
333,638 335,525

CURRENT ASSETS
Stocks 11,837 10,553
Debtors 7 98,329 47,664
Cash at bank and in hand 202,359 229,163
312,525 287,380
CREDITORS
Amounts falling due within one year 8 248,343 331,830
NET CURRENT ASSETS/(LIABILITIES) 64,182 (44,450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

397,820

291,075

CREDITORS
Amounts falling due after more than one
year

9

11,690

21,442
NET ASSETS 386,130 269,633

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 386,030 269,533
SHAREHOLDERS' FUNDS 386,130 269,633

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)

Statement of Financial Position - continued
31 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 director and authorised for issue on 18 December 2024 and were signed by:





Mrs G Loucas - Director


FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Fresko Foods 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 2021, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 23 (2023 - 18 ) .

FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 16,000
Charge for year 8,000
At 31 March 2024 24,000
NET BOOK VALUE
At 31 March 2024 16,000
At 31 March 2023 24,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 184,314 125,219 309,533
Additions 69,229 3,864 73,093
Disposals (56,250 ) - (56,250 )
At 31 March 2024 197,293 129,083 326,376
DEPRECIATION
At 1 April 2023 86,739 71,269 158,008
Charge for year 22,111 11,563 33,674
At 31 March 2024 108,850 82,832 191,682
NET BOOK VALUE
At 31 March 2024 88,443 46,251 134,694
At 31 March 2023 97,575 53,950 151,525

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 160,000
Additions 22,944
At 31 March 2024 182,944
NET BOOK VALUE
At 31 March 2024 182,944
At 31 March 2023 160,000

FRESKO FOODS LIMITED (REGISTERED NUMBER: 07207772)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 33,700 13,000
VAT 12,105 1,067
Prepayments 52,524 33,597
98,329 47,664

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Trade creditors 167,675 285,302
Tax 62,168 25,734
Social security and other taxes 2,658 7,408
Other creditors 1,700 1,000
Directors' current accounts 177 757
Accrued expenses 3,965 1,629
248,343 331,830

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 1,690 11,442
11,690 21,442

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G Loucas.