Fresh On The Go Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Fresh On The Go Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08775703 . The registered office is 61 Bridge Street, Kington, HR5 3DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006.

2.2. Going Concern Disclosure

The company has access to sufficient funds to enable it continue as a going concern for the forseeable future. The accounts have therefore been prepared on a going concern basis, which assumes the realisation of assets and the satisfaction of liabilities in the normal course of business.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Development Property	Nil
Plant & Machinery	10% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	20% straight line
Computer Equipment	33.33% straight line

Freehold buildings under development are not amortised until completion.

2.5. Stocks and Work in Progress

Stocks comprise consummables and spare parts and are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

...CONTINUED

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Fresh On The Go Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividendspayable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7. Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax

assets and liabilities relate to taxes levied by the same tax authority.

2.8. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Impairment of fixed assets

Each year, the company’s fixed assets are reviewed to determine whether there is any indication that those assets may be impaired. If such indication exists, the recoverable amount of the assets is estimated to determine the extent of the impairment, if any.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2023: 5)

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Fresh On The Go Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Development Property	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	-	968,563	5,500	8,279
Additions	133,730	27,935	-	-

As at 31 December 2024	133,730	996,498	5,500	8,279

Depreciation
As at 1 January 2024	-	526,536	5,500	8,279
Provided during the period	-	93,095	-	-

As at 31 December 2024	-	619,631	5,500	8,279

Net Book Value
As at 31 December 2024	133,730	376,867	-	-

As at 1 January 2024	-	442,027	-	-


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	3,681	986,023
Additions	890	162,555

As at 31 December 2024	4,571	1,148,578

Depreciation
As at 1 January 2024	3,582	543,897
Provided during the period	150	93,245

As at 31 December 2024	3,732	637,142

Net Book Value
As at 31 December 2024	839	511,436

As at 1 January 2024	99	442,126

5. Stocks

	2024	2023
	£	£
Materials	2,292	10,516
Finished goods	86,604	91,201

	88,896	101,717

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Fresh On The Go Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	53,482	71,743
Other debtors	35,522	37,358

	89,004	109,101
Due after more than one year
Corporation tax recoverable assets	9,135	8,496

	98,139	117,597

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	74,347	71,339
Corporation tax	5,754	7,820
Other taxes and social security	151,868	152,858
Other creditors	63,103	20,282
Accruals and deferred income	1,500	15,226

	296,572	267,525

8. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances on plant and machinery.

	2024	2023
	£	£
Other timing differences	94,426	98,238

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

10. Directors Advances, Credits and Guarantees

Included within Other Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Brian Gray	8,289	-	45	-	8,244
Ms Sarah Lowry	12,942	1,892	-	-	14,834

The above loans are unsecured, interest free and repayable on demand.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		511,436		442,126

			511,436		442,126
CURRENT ASSETS
Stocks	5	88,896		101,717
Debtors	6	98,139		117,597
Cash at bank and in hand		37,831		76,980

		224,866		296,294
Creditors: Amounts Falling Due Within One Year	7	(296,572 )		(267,525 )

NET CURRENT ASSETS (LIABILITIES)			(71,706 )		28,769

TOTAL ASSETS LESS CURRENT LIABILITIES			439,730		470,895

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(94,426 )		(98,238 )

NET ASSETS			345,304		372,657

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Share premium account			233,063		233,063
Profit and Loss Account			111,241		138,594

SHAREHOLDERS' FUNDS			345,304		372,657