Caseware UK (AP4) 2024.0.164 2024.0.164 28 Wholesale of fruit false 2024-03-31 false false 26 false 07118575 2024-03-31 2025-03-29 07118575 2023-04-02 2024-03-30 07118575 2025-03-29 07118575 2024-03-30 07118575 2023-04-02 07118575 5 2024-03-31 2025-03-29 07118575 5 2023-04-02 2024-03-30 07118575 d:Director1 2024-03-31 2025-03-29 07118575 d:Director3 2024-03-31 2025-03-29 07118575 d:Director4 2024-03-31 2025-03-29 07118575 d:Director5 2024-03-31 2025-03-29 07118575 d:RegisteredOffice 2024-03-31 2025-03-29 07118575 e:Buildings 2024-03-31 2025-03-29 07118575 e:Buildings 2025-03-29 07118575 e:Buildings 2024-03-30 07118575 e:Buildings e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:PlantMachinery 2024-03-31 2025-03-29 07118575 e:PlantMachinery 2025-03-29 07118575 e:PlantMachinery 2024-03-30 07118575 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:MotorVehicles 2024-03-31 2025-03-29 07118575 e:MotorVehicles 2025-03-29 07118575 e:MotorVehicles 2024-03-30 07118575 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:FurnitureFittings 2024-03-31 2025-03-29 07118575 e:FurnitureFittings 2025-03-29 07118575 e:FurnitureFittings 2024-03-30 07118575 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:OfficeEquipment 2024-03-31 2025-03-29 07118575 e:OfficeEquipment 2025-03-29 07118575 e:OfficeEquipment 2024-03-30 07118575 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:ComputerEquipment 2024-03-31 2025-03-29 07118575 e:OwnedOrFreeholdAssets 2024-03-31 2025-03-29 07118575 e:CurrentFinancialInstruments 2025-03-29 07118575 e:CurrentFinancialInstruments 2024-03-30 07118575 e:Non-currentFinancialInstruments 2025-03-29 07118575 e:Non-currentFinancialInstruments 2024-03-30 07118575 e:CurrentFinancialInstruments e:WithinOneYear 2025-03-29 07118575 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-30 07118575 e:Non-currentFinancialInstruments e:AfterOneYear 2025-03-29 07118575 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-30 07118575 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-03-29 07118575 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-03-30 07118575 f:UnitedKingdom 2024-03-31 2025-03-29 07118575 f:UnitedKingdom 2023-04-02 2024-03-30 07118575 f:RestEuropeOutsideUK 2024-03-31 2025-03-29 07118575 f:RestEuropeOutsideUK 2023-04-02 2024-03-30 07118575 e:UKTax 2024-03-31 2025-03-29 07118575 e:UKTax 2023-04-02 2024-03-30 07118575 e:ShareCapital 2025-03-29 07118575 e:ShareCapital 2024-03-30 07118575 e:ShareCapital 2023-04-02 07118575 e:CapitalRedemptionReserve 2024-03-31 2025-03-29 07118575 e:CapitalRedemptionReserve 2025-03-29 07118575 e:CapitalRedemptionReserve 2024-03-30 07118575 e:CapitalRedemptionReserve 2023-04-02 07118575 e:OtherMiscellaneousReserve 2024-03-31 2025-03-29 07118575 e:RetainedEarningsAccumulatedLosses 2024-03-31 2025-03-29 07118575 e:RetainedEarningsAccumulatedLosses 2025-03-29 07118575 e:RetainedEarningsAccumulatedLosses 2023-04-02 2024-03-30 07118575 e:RetainedEarningsAccumulatedLosses 2024-03-30 07118575 e:RetainedEarningsAccumulatedLosses 2023-04-02 07118575 d:OrdinaryShareClass2 2024-03-31 2025-03-29 07118575 d:OrdinaryShareClass2 2025-03-29 07118575 d:OrdinaryShareClass2 2024-03-30 07118575 d:OrdinaryShareClass3 2024-03-31 2025-03-29 07118575 d:OrdinaryShareClass3 2025-03-29 07118575 d:OrdinaryShareClass3 2024-03-30 07118575 d:FRS102 2024-03-31 2025-03-29 07118575 d:Audited 2024-03-31 2025-03-29 07118575 d:FullAccounts 2024-03-31 2025-03-29 07118575 d:PrivateLimitedCompanyLtd 2024-03-31 2025-03-29 07118575 e:Subsidiary1 2025-03-29 07118575 e:Subsidiary1 2024-03-31 2025-03-29 07118575 e:Subsidiary1 1 2024-03-31 2025-03-29 07118575 e:Subsidiary2 2025-03-29 07118575 e:Subsidiary2 2024-03-31 2025-03-29 07118575 e:Subsidiary2 1 2024-03-31 2025-03-29 07118575 e:Subsidiary3 2025-03-29 07118575 e:Subsidiary3 2024-03-31 2025-03-29 07118575 e:Subsidiary3 1 2024-03-31 2025-03-29 07118575 e:WithinOneYear 2025-03-29 07118575 e:WithinOneYear 2024-03-30 07118575 e:BetweenOneFiveYears 2025-03-29 07118575 e:BetweenOneFiveYears 2024-03-30 07118575 e:HirePurchaseContracts e:WithinOneYear 2025-03-29 07118575 e:HirePurchaseContracts e:WithinOneYear 2024-03-30 07118575 e:HirePurchaseContracts e:BetweenOneFiveYears 2025-03-29 07118575 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-03-30 07118575 e:HirePurchaseContracts e:MoreThanFiveYears 2025-03-29 07118575 e:HirePurchaseContracts e:MoreThanFiveYears 2024-03-30 07118575 6 2024-03-31 2025-03-29 07118575 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2025-03-29 07118575 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2024-03-30 07118575 e:LeasedAssetsHeldAsLessee 2025-03-29 07118575 e:LeasedAssetsHeldAsLessee 2024-03-30 07118575 g:PoundSterling 2024-03-31 2025-03-29 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07118575 Vidafresh Limited Annual Report and Financial Statements For the period ended 29 March 2025
Vidafresh Limited Company Information
Directors | S G Davies
| C G Rawlins
| R J Watts
| T R Watts
Registered number | 07118575
Registered office | The Granary
| Darenth Court Farm
| Dartford
| Kent
| DA2 7QY
Independent auditors | Kreston Reeves Audit LLP
| Chartered Accountants & Statutory Auditor
| 37 St Margaret's Street
| Canterbury
| Kent
| CT1 2TU
Vidafresh Limited Contents
| Page
Strategic report | 1 - 4
Directors' report | 5 - 6
Independent auditors' report | 7 - 10
Statement of comprehensive income | 11
Balance sheet | 12
Statement of changes in equity | 13
Statement of cash flows | 14
Notes to the financial statements | 15 - 29
Vidafresh Limited Strategic Report For the period ended 29 March 2025
Introduction
The directors present their strategic report for the year 29th March 2025.
Business review
The Board are very pleased to report that despite the on-going pressure on consumer spending due to inflation, interest rates and energy costs remaining high, the Company managed to have yet another successful year making our balance sheet even more robust. One of the key strengths of the company is our wide and diverse customer base which includes some of the UK’s leading retailers, processing, food service, catering and wholesale companies which allows us to continue to increase our market share not just in the UK but also in Europe. Whilst the Company continues to explore new opportunities, we remain committed to reducing the impact that our business has on the environment, whether that’s here in the UK or in any country from which it sources produce. Consumption of fresh fruit continues to increase year-on-year so as a leading supplier to the fresh produce industry, together with long-term partnerships with our growers around the world, we remain focused on our sustainable growth strategy and continue to invest in product innovation, technology and people to meet the demands and expectations of ever-expanding client and supply base. Vidafresh is fully engaged in supporting and upholding human rights and has established policies, procedures and practices to help safeguard against modern slavery, forced labour and human trafficking of any kind in its business and operations. These policies aim to ensure that people working for us and for our suppliers receive fair treatment and decent working conditions. We continue to strive to be a great place to work and the Board would like to thank the amazing team of people we have in Vidafresh for their contribution to yet another solid performance by the Company. They remain our most important asset and are key to the future of the business.
Financial key performance indicators
The directors consider that the key performance indicators are those that communicate the financial performance and strength of the company as a whole. These are summarised as follows:
| 2025 | 2024 | 2023
Turnover | £72,828,912 | £58,804,609 | £59,861,472
Gross profit percentage | 4.92% | 5 98% | 5.18%
Net assets | £4,912,215 | £4,311,197 | £3,615,766
Page 1
Vidafresh Limited Strategic Report (continued) For the period ended 29 March 2025
Directors' statement of compliance with duty to promote the success of the company
The directors of the company must act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole. In doing so they must have regard to the matters set out in the Companies Act 2006, section 172(1) and a company must include a statement in its strategic report describing how the directors have had regard to the matters set out in this section. These matters along with an explanation of how the directors have had regard to them are summarised below as the company’s section 172(1) statement: (a) The likely consequences of any decision in the long term Boards of large companies invariably delegate day-to-day management and decision-making to executive management. Directors should maintain oversight of a company’s performance and ensure that management is acting in accordance with the strategy and plans agreed by a board and its delegated authorities. The culture, values and standards that underpin this delegation should help ensure that when decisions are made their wider impact has been considered. A board should also reserve certain matters for its own consideration so that it can exercise judgemental directly when making major decisions, and in doing so promote the success of the company whilst having regard to all necessary matters. A board needs assurance that a company’s financial reporting, risk management, governance and internal control processes, including policies mandating procedural requirements and standards, are operating effectively. Overview of how the Board discharges its duties: The strategy and governance of the company is set at Board meetings held regularly throughout the year. The strategy agreed forms the basis of the budget for the forthcoming year as well as informing the capital and investment plans for the period. The financial performance of the company is reviewed by management account information. These management accounts are prepared monthly and provided to the directors on a timely basis along with detailed commentary. The Board is mindful of the risks the Company faces when making its strategic decisions. As well as the general risks facing every company in terms of the general economy, the directors have agreed that the main risks facing the Company are: • Current macro-economic factors such as rapidly rising inflation. • Reliability of the supply of goods/services • The ability of larger companies to compete aggressively on price for new business. The company’s strategy has been to limit these risks as far as practicable. (b) The interests of the company’s employees Employees are central to the long-term success of a company, as such, a board should consider their interests, and, to assist in doing so, have means of engaging with and understanding their views. Page 2
Vidafresh Limited Strategic Report (continued) For the period ended 29 March 2025 Overview of how the Board performed its duties: The directors are fortunate that they have regular contact with all employees, not just managers across the company. We value the feedback from our employees, and the directors are regularly in contact with employees. The directors have a responsibility of overseeing how the company deals with employees that fall short of our required standards. The company has a continuous review program for its Employee Handbooks especially the sections on ethics, standards and grievances. These policies are reviewed regularly to ensure their effectiveness. (c) The need to foster the company’s business relationships with suppliers, customers and others. Fostering business relationships with key stakeholders, such as customers and suppliers, is important to a company’s success. A board should have visibility of these relationships so that it is able to take stakeholder considerations into account when making decisions. Overview of how the Board performed its duties: Suppliers The company has regular meetings with key suppliers such as the suppliers of produce and packaging services. We also have regular contact with many of our smaller suppliers and can be flexible with our invoice payment policy. Wherever possible, the company likes to engage with local suppliers. Customers The company has contractual obligations with its main customers to report and meet the standards set out by them. This regular reporting. Customer complaints are reviewed by at least one director and responded to as quickly as possible. Feedback is used to improve our service to all customers. (d) The impact of the company’s operations on the community and the environment In their decision-making, directors need to have regard to the impact of a company’s operations on the community and environment. Page 3
Vidafresh Limited Strategic Report (continued) For the period ended 29 March 2025
Principal risks and uncertainties
Principal risks and uncertainties The directors consider that the principal risks and uncertainties faced by the company are as follows: Economic Risk Due to the fact that the company trades in several foreign currencies, but mainly the US dollar, we reduce our exposure to the risk of FX losses by hedging our large overseas contracts to lock-in our margins to maintain profitability and working capital. Thus far the food sector remains robust, and the directors have no reason to believe that this trend will not continue. Financial Risk The directors together with our highly experienced Commercial, Logistic, Technical and Finance teams have a tight grip on all aspects of the company’s costs and therefore we remain a highly competitive, value-added business. We are confident that the company will continue to be successful. Summary In summary, whilst the Board recognises the on-going challenges of not just our industry but the economy of the UK as a whole, we are very confident that the company has the right business model and commercial strategy going forward to remain leaders in our specialized categories. This report was approved by the board and signed on its behalf.
................................................ T R Watts Director
Date: 4 November 2025
Page 4
Vidafresh Limited Directors' Report For the period ended 29 March 2025 The directors present their report and the financial statements for the year ended 29 March 2025.
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the company's financial statements and then apply them consistently; ∙make judgements and accounting estimates that are reasonable and prudent; ∙state whether applicable UK Accounting Standards have been followed. ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £1,036,329 (2024 - £1,051,431). Interim dividends paid during the year amounted to £431,000 (2024 - £356,000). The directors recommend the payment of a final dividend of £Nil (2024 - £Nil).
Directors
The directors who served during the year were:
S G Davies
C G Rawlins
R J Watts
T R Watts
Future developments
The directors intend to continue with the current principal activity, with diversification into new product lines. Page 5
Vidafresh Limited Directors' Report (continued) For the period ended 29 March 2025
Greenhouse gas emissions, energy consumption and energy efficiency action
The company's greenhouse gas emissions and energy consumption are as follows:
|  |  |  | 29 March |
|  |  |  | 2025 |
Emissions resulting from activities for which the company is responsible involving the combustion of gas or consumption of fuel for the purposes of transport (in kilograms of CO2 equivalent) | 201,000 |
Energy consumed from activities for which the company is responsible involving the combustion of gas, or the consumption of fuel for the purposes of transport, and the annual quantity of energy consumed resulting from the purchase of electricity by the company for its own use, including for the purposes of transport, in kWh | 862,661 |
Disclosure of information to auditors
Each of the persons who are directors at the time when this directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.
Post balance sheet events
There have been no significant events affecting the company since the year end.
Auditors
The audit registration of Kreston Reeves LLP was transferred to Kreston Reeves Audit LLP on 6 October 2025. Kreston Reeves Audit LLP were formally appointed as auditor to the company on 6 October 2025. The auditors, Kreston Reeves Audit LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
................................................ S G Davies Director
Date: 4 November 2025
Page 6
Vidafresh Limited Independent Auditors' Report to the Members of Vidafresh Limited
Opinion
We have audited the financial statements of Vidafresh Limited (the 'company') for the year ended 29 March 2025, which comprise the statement of comprehensive income, the balance sheet, the statement of cash flows, the statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the company's affairs as at 29 March 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 7
Vidafresh Limited Independent Auditors' Report to the Members of Vidafresh Limited (continued)
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Page 8
Vidafresh Limited Independent Auditors' Report to the Members of Vidafresh Limited (continued) Capability of the audit in detecting irregularities, including fraud The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks. Based on our understanding of the company and industry, and through discussion with the directors and other management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to health and safety, anti-bribery and employment law. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, taxation and pension legislation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to management override. Audit procedures performed by the engagement team: ∙Detailed discussions were held with management to identify any known or suspected instances of non-compliance with laws and regulations; and ∙Assessment of identified fraud risk factors; and ∙The engagement team were made aware of the identified laws and regulations to ensure they remained alert to any indications of non-compliance throughout their audit procedures; and ∙Performing analytical procedures with automated data analytics tools to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and ∙Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and ∙Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also: ∙Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. ∙Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the company's internal control. ∙Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. Page 9
Vidafresh Limited Independent Auditors' Report to the Members of Vidafresh Limited (continued) ∙Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors' report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors' report. However, future events or conditions may cause the company to cease to continue as a going concern. ∙Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Tracey Becker (senior statutory auditor) for and on behalf of Kreston Reeves Audit LLP Chartered Accountants Statutory Auditor Canterbury 5 November 2025 Page 10
Vidafresh Limited Statement of Comprehensive Income For the period ended 29 March 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 72,828,912 | 58,804,609
Cost of sales |  | (69,248,038) | (55,286,628)
Gross profit |  | 3,580,874 | 3,517,981
Administrative expenses |  | (2,018,931) | (1,891,962)
Operating profit | 5 | 1,561,943 | 1,626,019
Interest payable and similar expenses | 8 | (185,822) | (228,468)
Profit before tax |  | 1,376,121 | 1,397,551
Tax on profit | 9 | (339,792) | (346,120)
Profit for the financial year/priod |  | 1,036,329 | 1,051,431
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 15 to 29 form part of these financial statements.
Page 11
Vidafresh Limited Registered number: 07118575 Balance Sheet As at 29 March 2025
|  | 29 March |  | 30 March
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 11 |  | 526,842 |  | 194,346
Investments | 12 |  | 10,097 |  | 10,097
|  |  | 536,939 |  | 204,443
Current assets |  |  |  |  |
Stocks | 13 | 3,208,460 |  | 3,991,345 |
Debtors: amounts falling due within one year | 14 | 15,663,863 |  | 15,712,853 |
Cash at bank and in hand | 15 | 1,035,260 |  | 103,548 |
|  | 19,907,583 |  | 19,807,746 |
Creditors: amounts falling due within one year | 16 | (14,958,320) |  | (15,207,466) |
Net current assets |  |  | 4,949,263 |  | 4,600,280
Total assets less current liabilities |  |  | 5,486,202 |  | 4,804,723
Creditors: amounts falling due after more than one year | 17 |  | (569,676) |  | (493,526)
Net assets |  |  | 4,916,526 |  | 4,311,197
Capital and reserves |  |  |  |  |
Called up share capital | 20 |  | 40,000 |  | 40,000
Capital redemption reserve | 21 |  | 10,000 |  | 10,000
Profit and loss account | 21 |  | 4,866,526 |  | 4,261,197
|  |  | 4,916,526 |  | 4,311,197
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ T R Watts
Director
Date: 4 November 2025
The notes on pages 15 to 29 form part of these financial statements. Page 12
Vidafresh Limited Statement of Changes in Equity For the year ended 29 March 2025
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 31 March 2024 | 40,000 | 10,000 | 4,261,197 | 4,311,197
Profit for the year | - | - | 1,036,329 | 1,036,329
Dividends: Equity capital | - | - | (431,000) | (431,000)
At 29 March 2025 | 40,000 | 10,000 | 4,866,526 | 4,916,526
Statement of Changes in Equity For the period ended 30 March 2024
| Called up share capital | Capital redemption reserve | Profit and loss account | Total equity
| £ | £ | £ | £
At 2 April 2023 | 40,000 | 10,000 | 3,565,766 | 3,615,766
Profit for the period | - | - | 1,051,431 | 1,051,431
Dividends: Equity capital | - | - | (356,000) | (356,000)
At 30 March 2024 | 40,000 | 10,000 | 4,261,197 | 4,311,197
| The notes on pages 15 to 29 form part of these financial statements.
Page 13
Vidafresh Limited Statement of Cash Flows For the period ended 29 March 2025
|  |  | 29 March | 30 March
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 1,036,329 | 1,051,431
Adjustments for: |  |
Depreciation of tangible assets | 44,622 | 55,839
Loss on disposal of tangible assets | - | 1,800
Interest paid | 185,822 | 228,468
Taxation charge | 339,792 | 346,120
Decrease/(increase) in stocks | 782,885 | (821,289)
Decrease/(increase) in debtors | 48,990 | (2,091,022)
(Decrease)/increase in creditors | (219,640) | 1,080,679
Corporation tax (paid) | (346,052) | (115,336)
Net cash generated from operating activities | 1,872,748 | (263,310)
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (422,575) | (127,775)
Sale of tangible fixed assets | 45,457 | 42,551
HP interest paid | (3,408) | (7,766)
Net cash from investing activities | (380,526) | (92,990)
Cash flows from financing activities |  |
Repayment of/new finance leases | 37,482 | 33,076
Dividends paid | (431,000) | (356,000)
Interest paid | (182,414) | (220,702)
Net cash used in financing activities | (575,932) | (543,626)
Net increase/(decrease) in cash and cash equivalents | 916,290 | (899,926)
Cash and cash equivalents at beginning of year | (6,173,150) | (5,273,224)
Cash and cash equivalents at the end of year | (5,256,860) | (6,173,150)
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 1,035,260 | 103,548
Bank overdrafts | (6,292,120) | (6,276,698)
| (5,256,860) | (6,173,150)
The notes on pages 15 to 29 form part of these financial statements.
Page 14
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
1. | General information
Vidafresh Limited is a limited liability company incorporated in England and Wales, with a registration number of 07118575. The address of the company's principal place of business is The Granary, Darenth Court Farm, Dartford, DA2 7QY. The principal activity of the company in the year under review was that of wholesalers of fresh produce. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies (see note 3). The company has taken advantage of section 405 of the Companies Act 2016 not to prepare group accounts as both of the company's subsidiaries are dormant and the balances and transactions are immaterial to the group. The financial statements therefore present information about the company as an individual undertaking and not about its group. The company's functional and presentational currency is Pound Sterling. The company's financial statements are presented to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover represents both net invoiced sales of goods, excluding value added tax, plus the sales value of goods agreed to be sold prior to the balance sheet date, where the right to consideration had been obtained.
| 2.3 | Going concern
After reviewing the company's current position and cashflow projections, the directors have a reasonable expectation that the company has a adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing the annual report and financial statements.
| 2.4 | Stocks
Stock are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. Stocks represent "stock on the water", where the ownership of produce transfer to the company and the company becomes liable once the produce crosses the ships rail at the port of origin. Page 15
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025 2.Accounting policies (continued)
| 2.5 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Land & Buildings | - | Not depreciated
|  |  |  | Motor vehicles | - | 3 years
|  |  |  | Fixtures and fittings | - | 25%
|  |  |  | Office equipment | - | 25%
|  |  |  | Computer equipment | - | 25%
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.8 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 16
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Other financial assets Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Page 17
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025 2.Accounting policies (continued)
| 2.9 | Financial instruments (continued)
Basic 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 the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled. Page 18
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025 2.Accounting policies (continued)
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.12 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is Pounds Sterling. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
| 2.13 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.14 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 19
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025 2.Accounting policies (continued)
| 2.15 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires the directors to make judgements, estimates and assumptions that can affect the amounts reported for assets and liabilities, and the results for the year. The nature of estimation is such though that actual outcomes could differ significantly from those estimates. The following judgements have had the most significant impact on amounts recognised in the financial statements: Lease commitments The company has entered into a range of lease commitments in respect of property, plant and equipment. The classification of these leases as either financial or operating leases requires the directors to consider whether the terms and conditions of each lease are such that the company has acquired the risks and rewards associated with the ownership of the underlying assets. Page 20
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
4. | Turnover
The whole of the turnover is attributable to the principal activity of the company. Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 71,812,226 | 55,795,575
| Rest of Europe | 1,016,686 | 3,009,034
|  | 72,828,912 | 58,804,609
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Depreciation of tangible fixed assets | 44,622 | 55,839
| Fees payable to the company's auditor and its associates for the audit of the company's annual financial statements | 16,530 | 15,678
| Other fees payable to the company's auditor for non-audit services | 6,971 | 6,595
| Exchange differences | (789,730) | (20,229)
| Defined contribution pension cost | 31,800 | 47,511
Page 21
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
6. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 1,271,781 | 1,188,041
| Social security costs | 123,220 | 121,086
| Cost of defined contribution scheme | 31,800 | 47,511
|  | 1,426,801 | 1,356,638
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 3 | 3
|  | Sales and administration | 25 | 23
|  |  | 28 | 26
7. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 92,427 | 114,472
| Company contributions to defined contribution pension schemes | 27,011 | 26,482
|  | 119,438 | 140,954
| During the year retirement benefits were accruing to 3 directors (2024 - 3) in respect of defined contribution pension schemes.
8. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 32,508 | 32,003
| Other interest payable | 149,906 | 188,699
| Finance leases and hire purchase contracts | 3,408 | 7,766
|  | 185,822 | 228,468
Page 22
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
9. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 339,792 | 346,052
| Adjustments in respect of previous periods | - | 68
|  | 339,792 | 346,120
| Total current tax | 339,792 | 346,120
| Deferred tax |  |
| Total deferred tax | - | -
| Taxation on profit on ordinary activities | 339,792 | 346,120
| Factors affecting tax charge for the year/period
| The tax assessed for the year/period is the same as (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,358,475 | 1,397,551
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 339,792 | 349,388
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | - | 3,560
| Adjustments to tax charge in respect of prior periods | - | 68
| Deferred tax not recognised | - | (6,896)
| Total tax charge for the year/period | 339,792 | 346,120
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 23
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
10. | Dividends
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Ordinary shares | 431,000 | 356,000
11. | Tangible fixed assets
|  | Land and buildings | Computer equipment | Motor vehicles | Fixtures and fittings | Office equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 31 March 2024 | - | 207,256 | 193,305 | 43,244 | 5,839 | 449,644
| Additions | 283,639 | 14,451 | 119,380 | - | 5,105 | 422,575
| Disposals | - | - | (76,546) | - | - | (76,546)
| At 29 March 2025 | 283,639 | 221,707 | 236,139 | 43,244 | 10,944 | 795,673
| Depreciation |  |  |  |  |  |
| At 31 March 2024 | - | 194,294 | 22,452 | 34,702 | 3,850 | 255,298
| Charge for the year on owned assets | - | 7,983 | 28,865 | 6,816 | 958 | 44,622
| Disposals | - | - | (31,089) | - | - | (31,089)
| At 29 March 2025 | - | 202,277 | 20,228 | 41,518 | 4,808 | 268,831
| Net book value |  |  |  |  |  |
| At 29 March 2025 | 283,639 | 19,430 | 215,911 | 1,726 | 6,136 | 526,842
| At 30 March 2024 | - | 12,962 | 170,853 | 8,542 | 1,989 | 194,346
| Included in land and buildings is £283,639 of land which is not depreciated.
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 215,911 | 170,853
|  | 215,911 | 170,853
Page 24
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
12. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 31 March 2024 | 10,097
| At 29 March 2025 | 10,097
| Subsidiary undertakings
| The following were subsidiary undertakings of the company:
| Name | Principal activity | Class of shares | Holding
| Interfresh Limited | Dormant | Ordinary | 100%
| Fresh and Organic Limited | Dormant | Ordinary | 90%
| Vida Produce Ireland Limited | Dormant | Ordinary | 100%
| The aggregate of the share capital and reserves as at 29 March 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
| Name | Aggregate of share capital and reserves | Profit/(Loss)
|  | £ | £
| Interfresh Limited | 9,999 | -
| Fresh and Organic Limited | 10 | -
| Vida Produce Ireland Limited | 89 | -
Page 25
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
13. | Stocks
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Raw materials and consumables | 3,208,460 | 3,991,345
14. | Debtors
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 15,155,476 | 15,023,013
| Other debtors | 428,542 | 352,383
| Prepayments and accrued income | 79,845 | 337,457
|  | 15,663,863 | 15,712,853
| Included within trade debtors the company recognised a bad debt provision of £Nil (2024 - £26,588).
15. | Cash and cash equivalents
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,035,260 | 103,548
| Less: bank overdrafts | (6,292,120) | (6,276,698)
|  | (5,256,860) | (6,173,150)
Page 26
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
16. | Creditors: Amounts falling due within one year
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 6,292,120 | 6,276,698
| Trade creditors | 4,362,673 | 3,933,701
| Amounts owed to group undertakings | 10,097 | 10,097
| Corporation tax | 339,860 | 346,120
| Other taxation and social security | 30,321 | 25,666
| Obligations under finance lease and hire purchase contracts | 31,159 | 69,827
| Other creditors | 68,214 | 99,471
| Accruals and deferred income | 3,823,876 | 4,445,886
|  | 14,958,320 | 15,207,466
| The bank overdraft balance includes an invoice financing balance that is secured upon the company's book debts, and by a floating charge over the company's assets.
17. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other loans | 400,000 | 400,000
| Net obligations under finance leases and hire purchase contracts | 169,676 | 93,526
|  | 569,676 | 493,526
18. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due 2-5 years |  |
| Other loans | 400,000 | 400,000
|  | 400,000 | 400,000
|  | 400,000 | 400,000
| Other loans comprise shareholder loans on which interest is charged at 8%. The shareholder loans are unsecured.
Page 27
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
19. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 31,159 | 69,827
| Between 1-2 years | 111,470 | 30,468
| Between 2-5 years | 58,206 | 63,058
|  | 200,835 | 163,353
20. | Share capital
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Authorised, allotted, called up and fully paid |  |
|  | 200,000 (2024 - 200,000) Ordinary 'A' shares of £0.10 each | 20,000 | 20,000
|  | 200,000 (2024 - 200,000) Ordinary 'B' shares of £0.10 each | 20,000 | 20,000
|  |  | 40,000 | 40,000
| Other than the differing dividend payments the shares of the said classes rank pari-passu with each other in all respects.
21. | Reserves
Share capital This represents the nominal value of shares that have been issued by the company. Capital redemption reserve This reserve records the nominal value of shares repurchased by the company. Other reserves The non-distributable reserve relates to gains generated by derivative financial instruments. Profit and loss account This reserve comprises all current and prior period retained profits and losses after deducting any distributions made to the company's shareholders. Page 28
Vidafresh Limited Notes to the Financial Statements For the period ended 29 March 2025
22. | Analysis of net debt
|  | At 31 March 2024 | Cash flows | At 29 March 2025
|  | £ | £ | £
| Cash at bank and in hand | 103,548 | 931,712 | 1,035,260
| Bank overdrafts | (6,276,698) | (15,422) | (6,292,120)
| Debt due after 1 year | (400,000) | - | (400,000)
| Finance leases | (163,353) | (37,482) | (200,835)
|  | (6,736,503) | 878,808 | (5,857,695)
23. | Commitments under operating leases
| At 29 March 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 29 March | 30 March
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 75,793 | 55,689
| Later than 1 year and not later than 5 years | 323,703 | 31,163
|  | 399,496 | 86,852
24. | Related party transactions
|  | 29 March | 30 March
|  | 2025 | 2024
|  | £ | £
| Loans from directors | 400,000 | 400,000
| Interest payable to directors | 32,000 | 32,000
| Dividends paid to directors | 431,000 | 356,000
| Key management personnel All directors who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel. The total remuneration in respect of those individuals remunerated by the company is shown in note 7 to the financial statements.
25. | Controlling party
The directors consider that Mr T Watts is the ultimate controlling party, by virtue of his shareholding under the terms of the Company's Articles.
Page 29