Registered number
12413156
Freshwipes Ltd
Unaudited Filleted Accounts
31 March 2025
Freshwipes Ltd
Registered number: 12413156
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 11,853 -
Tangible assets 4 203,972 173,871
215,825 173,871
Current assets
Stocks 146,850 57,020
Debtors 5 167,068 54,152
Cash at bank and in hand 103,595 126,690
417,513 237,862
Creditors: amounts falling due within one year 6 (244,959) (145,469)
Net current assets 172,554 92,393
Total assets less current liabilities 388,379 266,264
Creditors: amounts falling due after more than one year 7 (2,934) (8,011)
Provisions for liabilities (50,993) (43,468)
Net assets 334,452 214,785
Capital and reserves
Called up share capital 1 1
Profit and loss account 334,451 214,784
Shareholder's funds 334,452 214,785
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Elizabeth Barnes
Director
Approved by the board on 24 July 2025
Freshwipes Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office and computer equipment 25% reducing balance
Motor vehicles 25% reducing balance
Leasehold improvements 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 2
3 Intangible fixed assets £
Website
Cost
Additions 15,804
At 31 March 2025 15,804
Amortisation
Provided during the year 3,951
At 31 March 2025 3,951
Net book value
At 31 March 2025 11,853
Website is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 123,077 65,600 188,677
Additions 29,670 46,186 75,856
At 31 March 2025 152,747 111,786 264,533
Depreciation
At 1 April 2024 13,439 1,367 14,806
Charge for the year 26,810 18,945 45,755
At 31 March 2025 40,249 20,312 60,561
Net book value
At 31 March 2025 112,498 91,474 203,972
At 31 March 2024 109,638 64,233 173,871
5 Debtors 2025 2024
£ £
Trade debtors 93,297 1,120
Directors account - 42
Other debtors 73,771 52,990
167,068 54,152
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 5,324 5,324
Trade creditors 91,126 71,004
Directors account 3,665 -
Taxation and social security costs 109,602 53,633
Other creditors 35,242 15,508
244,959 145,469
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 2,934 8,011
8 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 177,083 104,742
9 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Elizabeth Barnes
Short term loan 42 - (42) -
42 - (42) -
10 Other information
Freshwipes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit B6 Swallow Business Park
Diamond Drive
Lower Dicker
Hailsham
BN27 4EL
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