140 false false false false false false false false false false true false false false false false true No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 16,609 16,147 462 16,609 462 xbrli:pure xbrli:shares iso4217:GBP 12595906 2023-10-01 2024-09-30 12595906 2024-09-30 12595906 2023-09-30 12595906 2022-10-01 2023-09-30 12595906 2023-09-30 12595906 2022-09-30 12595906 core:PlantMachinery 2023-10-01 2024-09-30 12595906 core:FurnitureFittings 2023-10-01 2024-09-30 12595906 core:MotorVehicles 2023-10-01 2024-09-30 12595906 bus:Director1 2023-10-01 2024-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 12595906 core:PlantMachinery 2023-09-30 12595906 core:FurnitureFittings 2023-09-30 12595906 core:MotorVehicles 2023-09-30 12595906 core:PlantMachinery 2024-09-30 12595906 core:FurnitureFittings 2024-09-30 12595906 core:MotorVehicles 2024-09-30 12595906 core:WithinOneYear 2024-09-30 12595906 core:WithinOneYear 2023-09-30 12595906 core:AfterOneYear 2024-09-30 12595906 core:AfterOneYear 2023-09-30 12595906 core:ShareCapital 2024-09-30 12595906 core:ShareCapital 2023-09-30 12595906 core:RetainedEarningsAccumulatedLosses 2024-09-30 12595906 core:RetainedEarningsAccumulatedLosses 2023-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 12595906 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 12595906 core:PlantMachinery 2023-09-30 12595906 core:FurnitureFittings 2023-09-30 12595906 core:MotorVehicles 2023-09-30 12595906 bus:SmallEntities 2023-10-01 2024-09-30 12595906 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12595906 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12595906 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12595906 bus:FullAccounts 2023-10-01 2024-09-30 12595906 core:ComputerEquipment 2023-10-01 2024-09-30 12595906 core:ComputerEquipment 2023-09-30 12595906 core:ComputerEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 12595906
ARROW FRESH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
ARROW FRESH LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Intangible assets
5
462
Tangible assets
6
1,465,606
1,335,129
------------
------------
1,465,606
1,335,591
CURRENT ASSETS
Stocks
436,393
354,566
Debtors
7
364,079
298,285
Cash at bank and in hand
53
67
---------
---------
800,525
652,918
CREDITORS: amounts falling due within one year
8
1,528,449
1,114,469
------------
------------
NET CURRENT LIABILITIES
727,924
461,551
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
737,682
874,040
CREDITORS: amounts falling due after more than one year
9
350,204
499,582
---------
---------
NET ASSETS
387,478
374,458
---------
---------
CAPITAL AND RESERVES
Called up share capital
201
201
Profit and loss account
387,277
374,257
---------
---------
SHAREHOLDERS FUNDS
387,478
374,458
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 September 2024 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ARROW FRESH LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 8 November 2024 , and are signed on behalf of the board by:
D Richmond
Director
Company registration number: 12595906
ARROW FRESH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3-5 Brookfield Trading Estate, Brookfield Street, Leeds, LS10 1EY.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
3 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
20% straight line
Equipment
-
20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 140 (2023: 125 ).
5. INTANGIBLE ASSETS
Development costs
£
Cost
At 1 October 2023 and 30 September 2024
16,609
--------
Amortisation
At 1 October 2023
16,147
Charge for the year
462
--------
At 30 September 2024
16,609
--------
Carrying amount
At 30 September 2024
--------
At 30 September 2023
462
--------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
2,017
1,112,934
523,943
49,820
1,688,714
Additions
503,575
262,303
12,581
778,459
Disposals
( 2,967)
( 355,059)
( 358,026)
-------
------------
---------
--------
------------
At 30 September 2024
2,017
1,613,542
431,187
62,401
2,109,147
-------
------------
---------
--------
------------
Depreciation
At 1 October 2023
721
276,124
62,309
14,431
353,585
Charge for the year
550
220,331
57,554
13,700
292,135
Disposals
( 2,179)
( 2,179)
-------
------------
---------
--------
------------
At 30 September 2024
1,271
494,276
119,863
28,131
643,541
-------
------------
---------
--------
------------
Carrying amount
At 30 September 2024
746
1,119,266
311,324
34,270
1,465,606
-------
------------
---------
--------
------------
At 30 September 2023
1,296
836,810
461,634
35,389
1,335,129
-------
------------
---------
--------
------------
7. DEBTORS
2024
2023
£
£
Trade debtors
61,797
90,756
Other debtors
302,282
207,529
---------
---------
364,079
298,285
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
577,963
341,516
Trade creditors
801,349
561,548
Social security and other taxes
57,721
35,385
Other creditors
91,416
176,020
------------
------------
1,528,449
1,114,469
------------
------------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
311,704
417,082
Other creditors
38,500
82,500
---------
---------
350,204
499,582
---------
---------