REGISTERED NUMBER: 10577610 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Field Fresh (SW) Limited

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

7

Fixed assets

Intangible assets

4

20

40

Tangible assets

5

119,340

112,217

119,360

112,257

Current assets

Stocks

46,436

42,628

Debtors

6

470,624

502,875

Cash at bank and in hand

33,820

18,254

550,880

563,757

Creditors

Amounts falling due within one year

7

522,160

529,765

Net current assets

28,720

33,992

Total assets less current liabilities

148,080

146,249

Creditors

Amounts falling due after more than one year

8

(75,564

)

(71,831

)

Provisions for liabilities

10

(19,966

)

(18,180

)

Net assets

52,550

56,238

Capital and reserves

Called up share capital

11

100

100

Retained earnings

52,450

56,138

Shareholders' funds

52,550

56,238

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 director acknowledges his 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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr R N Carter - Director

1.	STATUTORY INFORMATION

Field Fresh (SW) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10577610

Registered office:

Unit 9

Edgcumbe Trade Park

Tamar View Industrial Estate

Saltash

Cornwall

PL12 6LD

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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 32 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

100

Amortisation

At 1 April 2024

60

Charge for year

20

At 31 March 2025

80

Net book value

At 31 March 2025

20

At 31 March 2024

40

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 April 2024

50,406

127,188

177,594

Additions

589

38,795

39,384

Disposals

-

(10,900

)

(10,900

)

At 31 March 2025

50,995

155,083

206,078

Depreciation

At 1 April 2024

18,386

46,991

65,377

Charge for year

4,891

22,906

27,797

Eliminated on disposal

-

(6,436

)

(6,436

)

At 31 March 2025

23,277

63,461

86,738

Net book value

At 31 March 2025

27,718

91,622

119,340

At 31 March 2024

32,020

80,197

112,217

2025

2024

£

£

The carrying value of assets included above held on finance leases and hire purchase contracts was

80,892

62,319

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

437,241

439,722

Other debtors

33,383

63,153

470,624

502,875

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,860

3,860

Hire purchase contracts

27,716

21,950

Trade creditors

60,781

89,193

Taxation and social security

182,759

161,111

Other creditors

247,044

253,651

522,160

529,765

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

16,083

19,942

Hire purchase contracts

59,481

51,889

75,564

71,831

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

87,197

73,839

Invoice discounting

160,498

197,115

247,695

270,954

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

19,966

18,180

Deferred

tax

£

Balance at 1 April 2024

18,180

Provided during year

1,786

Balance at 31 March 2025

19,966

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary share

£1.00

100

100

12.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed the following amount;

Mr Roger Carter (Director / shareholder) - £1,860

Owed to Mr Roger Carter at 31st March 2024 £23,767

Amounts paid £130,230

Amounts received £152,137

Owed by Mr Roger Carter at 31st March 2025 £1,860

The maximum amount overdrawn during the year was £57,683

During the year the company sold assets to Ready To Go (SW) Limited, a company in which Roger Carter is the director and sole shareholder for £7,500.