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REGISTERED NUMBER: 11206536 (England and Wales)















Fruit Forever Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Fruit Forever Limited (Registered number: 11206536)






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


Fruit Forever Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: G S Cirillo





REGISTERED OFFICE: The Bungalow Northgate
Pinchbeck
Spalding
PE11 3SQ





BUSINESS ADDRESS: Suite 14
40 Churchill Business Centre
Kings Hill
Maidstone
Kent
ME19 4YU





REGISTERED NUMBER: 11206536 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Fruit Forever Limited (Registered number: 11206536)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 252,000
Tangible assets 5 21,624 36,126
21,624 288,126

CURRENT ASSETS
Inventories 893,853 891,282
Debtors 6 3,483,572 3,520,627
Cash at bank 432,130 741,057
4,809,555 5,152,966
CREDITORS
Amounts falling due within one year 7 6,322,459 5,322,609
NET CURRENT LIABILITIES (1,512,904 ) (169,643 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,491,280 ) 118,483

PROVISIONS FOR LIABILITIES 6,276 6,276
NET (LIABILITIES)/ASSETS (1,497,556 ) 112,207

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings (1,497,636 ) 112,127
SHAREHOLDERS' FUNDS (1,497,556 ) 112,207

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 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.

Fruit Forever Limited (Registered number: 11206536)

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 25 April 2025 and were signed by:





G S Cirillo - Director


Fruit Forever Limited (Registered number: 11206536)

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

1. STATUTORY INFORMATION

Fruit Forever 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.

Going concern
At the year end the company had net liabilities of £1,497,556. The director expects the company to increase revenues and become profitable in the near future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.


Fruit Forever Limited (Registered number: 11206536)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 13 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 420,000
AMORTISATION
At 1 April 2023 168,000
Charge for year 252,000
At 31 March 2024 420,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 252,000

Fruit Forever Limited (Registered number: 11206536)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 57,178
Additions 5,322
At 31 March 2024 62,500
DEPRECIATION
At 1 April 2023 21,052
Charge for year 19,824
At 31 March 2024 40,876
NET BOOK VALUE
At 31 March 2024 21,624
At 31 March 2023 36,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,133,374 3,323,304
Other debtors 1,350,198 197,323
3,483,572 3,520,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,344,532 4,047,087
Taxation and social security 94,946 99,411
Other creditors 882,981 1,176,111
6,322,459 5,322,609

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Factoring finance 508,832 797,465

HSBC hold fixed and floating charges covering all the property or undertaking of the company.

Fruit Forever Limited (Registered number: 11206536)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
G S Cirillo
Balance outstanding at start of year - -
Amounts advanced 203,082 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203,082 -

Interest is charged at the HMRC official rate on loans to directors that exceed the HMRC exempt amount. The loans are repayable on demand.