REGISTERED NUMBER: 10699096 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

HUGO'S FRUIT AND VEG LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

T H Sapsed

Ms F Papa-Adams

REGISTERED OFFICE:

73 North Street

Bristol

BS3 1ES

REGISTERED NUMBER:

10699096 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Tangible assets

4

76,012

86,203

CURRENT ASSETS

Stocks

10,800

10,800

Debtors

5

223,266

192,510

Cash at bank

2,712

31,676

236,778

234,986

CREDITORS

Amounts falling due within one year

6

220,376

211,378

NET CURRENT ASSETS

16,402

23,608

TOTAL ASSETS LESS CURRENT LIABILITIES

92,414

109,811

CREDITORS

Amounts falling due after more than one year

7

(74,420

)

(100,400

)

PROVISIONS FOR LIABILITIES

(13,418

)

(15,289

)

NET ASSETS/(LIABILITIES)

4,576

(5,878

)

CAPITAL AND RESERVES

Called up share capital

44

44

Share premium

3,996

3,996

Retained earnings

536

(9,918

)

4,576

(5,878

)

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 17 December 2025 and were signed on its behalf by:

T H Sapsed - Director

1.	STATUTORY INFORMATION

Hugo's Fruit and Veg Ltd 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.

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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

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 15 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

59,037

31,916

51,628

142,581

Additions

3,318

2,300

12,990

18,608

At 31 March 2025

62,355

34,216

64,618

161,189

DEPRECIATION

At 1 April 2024

33,645

8,757

13,976

56,378

Charge for year

9,509

6,383

12,907

28,799

At 31 March 2025

43,154

15,140

26,883

85,177

NET BOOK VALUE

At 31 March 2025

19,201

19,076

37,735

76,012

At 31 March 2024

25,392

23,159

37,652

86,203

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

73,509

55,273

Amounts owed by associates

48,304

-

Amounts recoverable on contract

6,083

6,083

Other debtors

95,370

131,154

223,266

192,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

54,482

70,238

Hire purchase contracts

10,597

10,448

Trade creditors

139,445

119,051

Taxation and social security

13,902

8,933

Other creditors

1,950

2,708

220,376

211,378

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

35,376

34,733

Other creditors

39,044

65,667

74,420

100,400

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Loan

68,895

93,833

HP creditors

45,973

45,181

114,868

139,014

Included within creditors are a loan of £68,896 (2024: £93,833) and hire purchase creditors of £45,973 (2024: £45,181) which are secured by personal guarantees of the directors.

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hugo's Fruit and Veg Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hugo's Fruit and Veg Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hugo's Fruit and Veg Ltd and state those matters that we have agreed to state to the Board of Directors of Hugo's Fruit and Veg Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hugo's Fruit and Veg Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hugo's Fruit and Veg Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hugo's Fruit and Veg Ltd. You consider that Hugo's Fruit and Veg Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hugo's Fruit and Veg Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

17 December 2025