Company Registration No. 08834601 (England and Wales)
Fresh Sourcing Ltd
Unaudited accounts
for the year ended 31 January 2025
Fresh Sourcing Ltd
Unaudited accounts
Contents
Fresh Sourcing Ltd
Company Information
for the year ended 31 January 2025
Directors
Joanna Davey
Andrew Jenner
Company Number
08834601 (England and Wales)
Registered Office
267 PRESTBURY ROAD
CHELTENHAM
GLOUCESTERSHIRE
GL52 3EX
ENGLAND
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
Fresh Sourcing Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
2,485
2,485
Cash at bank and in hand
723
2,182
Creditors: amounts falling due within one year
(49,397)
(50,238)
Net current liabilities
(29,145)
(28,679)
Total assets less current liabilities
(26,660)
(26,194)
Creditors: amounts falling due after more than one year
(20,838)
(31,977)
Net liabilities
(47,498)
(58,171)
Called up share capital
100
100
Profit and loss account
(47,598)
(58,271)
Shareholders' funds
(47,498)
(58,171)
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by
Andrew Jenner
Director
Company Registration No. 08834601
Fresh Sourcing Ltd
Notes to the Accounts
for the year ended 31 January 2025
Fresh Sourcing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08834601. The registered office is 267 PRESTBURY ROAD, CHELTENHAM, GLOUCESTERSHIRE, GL52 3EX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line
Fixtures & fittings
18% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Fresh Sourcing Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
12,021
1,840
13,861
At 31 January 2025
12,021
1,840
13,861
At 1 February 2024
10,519
857
11,376
At 31 January 2025
10,519
857
11,376
At 31 January 2025
1,502
983
2,485
At 31 January 2024
1,502
983
2,485
Amounts falling due within one year
Other debtors
18,689
18,839
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,400
-
Taxes and social security
42,374
47,900
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).