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REGISTERED NUMBER: 10665928 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Wayne's Fruit and Veg Limited

Wayne's Fruit and Veg Limited (Registered number: 10665928)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wayne's Fruit and Veg Limited

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr W Claxton





REGISTERED OFFICE: 14a Market Place
Uttoxeter
Staffordshire
ST14 8HP





REGISTERED NUMBER: 10665928 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Wayne's Fruit and Veg Limited (Registered number: 10665928)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,166 1,555

CURRENT ASSETS
Stocks 964 5,965
Debtors 5 70,017 51,457
Cash in hand 966 1,970
71,947 59,392
CREDITORS
Amounts falling due within one year 6 29,448 25,117
NET CURRENT ASSETS 42,499 34,275
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,665

35,830

CREDITORS
Amounts falling due after more than one
year

7

(34,316

)

(37,581

)

PROVISIONS FOR LIABILITIES (222 ) (394 )
NET ASSETS/(LIABILITIES) 9,127 (2,145 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,125 (2,147 )
SHAREHOLDERS' FUNDS 9,127 (2,145 )

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

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

The director acknowledges his 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.

Wayne's Fruit and Veg Limited (Registered number: 10665928)

Balance Sheet - continued
31st 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 26th March 2025 and were signed by:





Mr W Claxton - Director


Wayne's Fruit and Veg Limited (Registered number: 10665928)

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

1. STATUTORY INFORMATION

Wayne's Fruit and Veg 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 and value added tax. Turnover is recognised upon payment by the retail customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% 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.

Wayne's Fruit and Veg Limited (Registered number: 10665928)

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

2. ACCOUNTING POLICIES - continued

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 6,208
DEPRECIATION
At 1st April 2023 4,653
Charge for year 389
At 31st March 2024 5,042
NET BOOK VALUE
At 31st March 2024 1,166
At 31st March 2023 1,555

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 70,017 51,457

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,457 13,681
Trade creditors 4,067 5,687
Taxation and social security 7,528 2,149
Other creditors 3,396 3,600
29,448 25,117

Wayne's Fruit and Veg Limited (Registered number: 10665928)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 34,316 37,581

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,500 22,500
Between one and five years 56,250 78,750
78,750 101,250

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr W Claxton
Balance outstanding at start of year 47,376 36,667
Amounts advanced 51,052 30,021
Amounts repaid (35,567 ) (19,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,861 47,376

Interest of £1,296 (2023 - £879) at a rate of 2.25% (2023 - 2%) was paid to the company in respect of these advances and there were no fixed terms for repayment.