Fresh Connection Limited - Filleted accounts

Registered number

05805560

Fresh Connection Limited

Filleted Accounts

31 March 2025

Fresh Connection Limited
Registered number:		05805560
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		274,198			285,259

Current assets
Stocks		28,250			27,000
Debtors	4	398,857			328,049
Cash at bank and in hand		170,510			151,505
		597,617			506,554

Creditors: amounts falling due within one year	5	(584,504)			(482,145)

Net current assets			13,113			24,409

Total assets less current liabilities			287,311			309,668

Creditors: amounts falling due after more than one year	6		-			(13,010)

Provisions for liabilities			(32,905)			(39,602)


Net assets			254,406			257,056

Capital and reserves
Called up share capital			1			1
Profit and loss account			254,405			257,055

Shareholders' funds			254,406			257,056

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




William Francis Pouget
Director
Approved by the board on 24 September 2025

Fresh Connection Limited
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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:

	Leasehold land and buildings			over the lease term
	Plant and machinery			15% reducing balance
	Vehicles			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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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					53		50


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	150,000		426,760		17,776		594,536
	Additions	-		15,282		2,333		17,615
	Disposals	-		-		(16,076)		(16,076)
	At 31 March 2025	150,000		442,042		4,033		596,075

	Depreciation
	At 1 April 2024	4,514		290,751		14,012		309,277
	Charge for the year	2,910		22,694		583		26,187
	On disposals	-		-		(13,587)		(13,587)
	At 31 March 2025	7,424		313,445		1,008		321,877

	Net book value
	At 31 March 2025	142,576		128,597		3,025		274,198
	At 31 March 2024	145,486		136,009		3,764		285,259


	Leasehold land and buildings:					2025		2024
£							£
	Historical cost					46,762		46,762
	Cumulative depreciation based on historical cost					42,711		42,711
						4,051		4,051


4	Debtors					2025		2024
£							£

	Trade debtors					233,603		195,900
	Other debtors					165,254		132,149
						398,857		328,049


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					13,146		12,000
	Trade creditors					165,885		133,072
	Taxation and social security costs					186,341		134,820
	Other creditors					219,132		202,253
						584,504		482,145


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		13,010


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					13,146		25,010

	The loan is a bounce back loan under the CBIL scheme provided by Barclays Bank UK PLC on 09/06/2020. The term of the loan is 72 months, no interest or repayments are payable for the first 12 months. Thereafter the loan is repayable by 60 installments of £1,000, interest rate 3.24% p.a.


8	Non distributable reserve on Revaluation					2025		2024
£							£
	Included in Profit and Loss account
	Gain on revaluation of land and buildings					142,826		-
	Deferred taxation arising on the revaluation of leasehold property					(25,759)		-

	At 31 March 2025					117,067		-


9	Events after the reporting date

	The company has been served notice to quit the premises at the Vaults St Marys Church in Oxford. The company disputes this notice, the first Court hearings have been ongoing since September 2024. Initial legal fees for defending the action are enclosed within the accounts.The company is confident that it will suceed in the action.




10	Related party transactions

	William Pouget and Graham Rushworth are both equal shareholders in Leo's Group Ltd. And Salsa Del Sol Ltd. Amounts included in debtors owed to Fresh connection Ltd at 3st March 2025 are: Salsa Del Sol Limited £250,900 Leo's Group Ltd. £126,676


11	Controlling party
	The ultimate controlling party is William Francis Pouget



12	Other information

	Fresh Connection Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2 King Edward Street
	Oxford
	OX1 4HS