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Registration number: 05227415

The Fridge Fine Foods Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 January 2025

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Chartered Accountants

 

The Fridge Fine Foods Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

The Fridge Fine Foods Limited

Company Information

Directors

Mr D Horley

Mr W Garnett

Registered office

17 Tudor Arcade
Dorchester
Dorset
DT1 1BN

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Fridge Fine Foods Limitedfor the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Fridge Fine Foods Limited for the year ended 31 January 2025 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Fridge Fine Foods Limited, as a body, in accordance with the terms of our engagement letter dated 9 April 2025. Our work has been undertaken solely to prepare for your approval the accounts of The Fridge Fine Foods Limited and state those matters that we have agreed to state to the Board of Directors of The Fridge Fine Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Fridge Fine Foods Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Fridge Fine Foods Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Fridge Fine Foods Limited. You consider that The Fridge Fine Foods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Fridge Fine Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

14 April 2025

 

The Fridge Fine Foods Limited

(Registration number: 05227415)
Balance Sheet as at 31 January 2025

Note

2025

2024

   

£

£

£

£

Fixed assets

   

 

Intangible assets

4

 

11,000

 

13,200

Tangible assets

5

 

15,808

 

18,107

   

26,808

 

31,307

Current assets

   

 

Stock

30,893

 

28,448

 

Debtors

6

17,857

 

16,552

 

Cash at bank and in hand

 

289,163

 

225,421

 

 

337,913

 

270,421

 

Creditors: Amounts falling due within one year

7

(60,279)

 

(49,591)

 

Net current assets

   

277,634

 

220,830

Total assets less current liabilities

   

304,442

 

252,137

Provisions for liabilities

 

(3,636)

 

(4,165)

Net assets

   

300,806

 

247,972

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

300,805

 

247,971

 

Total equity

   

300,806

 

247,972

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 April 2025 and signed on its behalf by:
 



Mr W Garnett
Director

 

The Fridge Fine Foods Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
17 Tudor Arcade
Dorchester
Dorset
DT1 1BN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% per annum reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% per annum straight line

 

The Fridge Fine Foods Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the directors) during the year, was 8 (2024 - 8).

 

The Fridge Fine Foods Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2025

4

Intangible assets

Goodwill
 £

Cost

At 1 February 2024

97,000

At 31 January 2025

97,000

Amortisation

At 1 February 2024

83,800

Amortisation charge

2,200

At 31 January 2025

86,000

Carrying amount

At 31 January 2025

11,000

At 31 January 2024

13,200

5

Tangible assets

Fixtures, fittings and equipment
£

Cost

At 1 February 2024

43,449

Additions

491

At 31 January 2025

43,940

Depreciation

At 1 February 2024

25,342

Charge for the year

2,790

At 31 January 2025

28,132

Carrying amount

At 31 January 2025

15,808

At 31 January 2024

18,107

6

Debtors

2025
£

2024
£

Other debtors

15,398

12,627

Prepayments

2,459

3,925

17,857

16,552

 

The Fridge Fine Foods Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2025

7

Creditors

2025
£

2024
£

Due within one year

Trade creditors

16,838

14,262

Taxation and social security

39,000

33,915

Other creditors

4,441

1,414

60,279

49,591

8

Dividends

   

2025

 

2024

   

£

 

£

Interim dividends of £60,300.00 (2024 - £75,000.00)

 

60,300

 

75,000

9

Related party transactions

Transactions with directors

2025

At 1 February 2024
£

Advances to director
£

Repayments by director
£

At 31 January 2025
£

Directors loan account

9,000

25,000

(22,000)

12,000

 

The balance has been repaid since the year-end.

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Directors loan account

10,000

19,000

(20,000)

9,000