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REGISTERED NUMBER: 12308118 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Fresh Xpress Limited

Fresh Xpress Limited (Registered number: 12308118)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fresh Xpress Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: M S Kizhakke Thalakal





REGISTERED OFFICE: 47 Merridale Street West
Wolverhampton
WV3 0RJ





REGISTERED NUMBER: 12308118 (England and Wales)





ACCOUNTANTS: Adroit Auditing Ltd
Unit 8, Dock Offices
Surrey Quays Road
London
SE16 2XU

Fresh Xpress Limited (Registered number: 12308118)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 24,000
Tangible assets 5 6,000 8,000
28,500 32,000

CURRENT ASSETS
Stocks 6 - 11,318
Debtors 7 12,291 13,139
Cash at bank and in hand 2,022 847
14,313 25,304
CREDITORS
Amounts falling due within one year 8 65,902 79,660
NET CURRENT LIABILITIES (51,589 ) (54,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,089

)

(22,356

)

CREDITORS
Amounts falling due after more than one
year

9

4,684

5,172
NET LIABILITIES (27,773 ) (27,528 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,873 ) (27,628 )
SHAREHOLDERS' FUNDS (27,773 ) (27,528 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Fresh Xpress Limited (Registered number: 12308118)

Balance Sheet - continued
30 November 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 28 August 2025 and were signed by:





M S Kizhakke Thalakal - Director


Fresh Xpress Limited (Registered number: 12308118)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Fresh Xpress 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.

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, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of sixteen 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 each asset over its estimated useful life.
Fixtures and fittings - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Fresh Xpress Limited (Registered number: 12308118)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 30,000
AMORTISATION
At 1 December 2023 6,000
Amortisation for year 1,500
At 30 November 2024 7,500
NET BOOK VALUE
At 30 November 2024 22,500
At 30 November 2023 24,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023
and 30 November 2024 20,000
DEPRECIATION
At 1 December 2023 12,000
Charge for year 2,000
At 30 November 2024 14,000
NET BOOK VALUE
At 30 November 2024 6,000
At 30 November 2023 8,000

6. STOCKS
30.11.24 30.11.23
£    £   
Stocks - 11,318

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors - 759
VAT 291 380
Prepayments and accrued income 12,000 12,000
12,291 13,139

Fresh Xpress Limited (Registered number: 12308118)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 14,436 12,528
Trade creditors - 6,165
Social security and other taxes 160 -
Other creditors - 1,048
Directors' current accounts 51,306 59,045
Accrued expenses - 874
65,902 79,660

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 2-5 years 4,684 5,172