REGISTERED NUMBER: 07172931 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FRESH APPROACH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Skoyles

S Brett

REGISTERED OFFICE:

Unit 2-3

Shepheards Close

Aylsham Business Estate

Aylsham

Norfolk

NR11 6SZ

REGISTERED NUMBER:

07172931 (England and Wales)

ACCOUNTANTS:

Quinneys

Chartered Certified Accountants

Saxon House

Hellesdon Park Road

Norwich

Norfolk

NR6 5DR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

178,697

184,221

178,697

184,221

CURRENT ASSETS

Stocks

43,250

41,392

Debtors

6

219,315

227,453

Cash at bank and in hand

18,141

11,330

280,706

280,175

CREDITORS

Amounts falling due within one year

7

192,373

213,194

NET CURRENT ASSETS

88,333

66,981

TOTAL ASSETS LESS CURRENT LIABILITIES

267,030

251,202

CREDITORS

Amounts falling due after more than one year

8

(74,609

)

(86,960

)

PROVISIONS FOR LIABILITIES

(33,952

)

(35,002

)

NET ASSETS

158,469

129,240

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

158,467

129,238

SHAREHOLDERS' FUNDS

158,469

129,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

Mrs L Skoyles - Director

1.	STATUTORY INFORMATION

Fresh Approach 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.

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.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

22,500

AMORTISATION

At 1 April 2024

and 31 March 2025

22,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

420,263

Additions

36,581

At 31 March 2025

456,844

DEPRECIATION

At 1 April 2024

236,042

Charge for year

42,105

At 31 March 2025

278,147

NET BOOK VALUE

At 31 March 2025

178,697

At 31 March 2024

184,221

Included within fixed assets are assets secured on hire purchase contracts. At the balance sheet date, hire purchase liabilities amounted to £85,245 (2024: £106,739) in respect of these assets.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

213,827

209,436

Other debtors

5,488

18,017

219,315

227,453

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,738

10,246

Hire purchase contracts

27,103

36,243

Trade creditors

106,993

116,700

Taxation and social security

15,411

11,504

Other creditors

32,128

38,501

192,373

213,194

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,467

16,464

Hire purchase contracts

68,142

70,496

74,609

86,960

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

17,205

26,710

Hire purchase contracts

95,245

106,739

112,450

133,449

Bank loans and overdrafts are secured by personal guarantees of the directors.

Hire purchase contracts are secured on the assets financed.

10.	RELATED PARTY DISCLOSURES

At the balance sheet date included within creditors due within one year is an amount of £27,683 owed to the directors (2024: £31,855)

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is Mrs L Skoyles and Mr S Brett who own 50% of its issued share capital each.