REGISTERED NUMBER: 01216406 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

George Perry (Wholesale Fruit &

Vegetables) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Tate

M D Tate

SECRETARY:

M D Tate

REGISTERED OFFICE:

C/o Haines Watts, Chartered Accountants

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

REGISTERED NUMBER:

01216406 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Tangible assets

4

329,261

337,725

Investment property

5

280,812

280,812

610,073

618,537

CURRENT ASSETS

Stocks

41,452

31,057

Debtors

6

1,604,195

1,347,445

Cash at bank and in hand

722,726

1,074,160

2,368,373

2,452,662

CREDITORS

Amounts falling due within one year

7

1,151,154

1,124,801

NET CURRENT ASSETS

1,217,219

1,327,861

TOTAL ASSETS LESS CURRENT LIABILITIES

1,827,292

1,946,398

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

9,950

9,950

Capital redemption reserve

100

100

Retained earnings

1,817,142

1,936,248

SHAREHOLDERS' FUNDS

1,827,292

1,946,398

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2025 and were signed on its behalf by:

P R Tate - Director

1.	STATUTORY INFORMATION

George Perry (Wholesale Fruit & Vegetables) 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

5% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at open market value. No depreciation is charged on investment properties. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Deferred tax is provided for on any unrealised gains on the valuation of investment properties. Changes to the provision due to any movement in the valuation of the assets are charged to the profit and loss account in the period in which the asset is revalued.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as the financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

303,319

42,432

22,502

265,765

634,018

Additions

-

-

-

65,788

65,788

Disposals

-

-

-

(54,817

)

(54,817

)

At 31 March 2025

303,319

42,432

22,502

276,736

644,989

DEPRECIATION

At 1 April 2024

90,991

38,718

17,223

149,361

296,293

Charge for year

15,165

3,714

2,026

53,347

74,252

Eliminated on disposal

-

-

-

(54,817

)

(54,817

)

At 31 March 2025

106,156

42,432

19,249

147,891

315,728

NET BOOK VALUE

At 31 March 2025

197,163

-

3,253

128,845

329,261

At 31 March 2024

212,328

3,714

5,279

116,404

337,725

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

280,812

NET BOOK VALUE

At 31 March 2025

280,812

At 31 March 2024

280,812

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

9,950

Cost

270,862

280,812

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

270,862

270,862

Investment property was valued on an open market basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

556,047

535,487

Amounts owed by associates

972,911

731,397

Other debtors

75,237

80,561

1,604,195

1,347,445

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

76,199

Trade creditors

897,274

782,745

Amounts owed to associates

-

19,477

Taxation and social security

59,829

67,344

Other creditors

194,051

179,036

1,151,154

1,124,801

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary B & C

£1

100

100

9.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

9,950

10.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £71,892 (2024 - £119,820).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the previous year, the company made a short-term loan to a director of £30,000. This has been repaid this year. The loan was interest free and repayable on demand.

During the year, the company made short-term loans to a director. The amounts advanced totalled £210,000 and was fully repaid during the year. The loan was interest free and repayable on demand.