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Registration number: 06754902

Fresh4U Produce Ltd
Annual Report and Financial Statements
for the Year Ended 31 March 2025

Fresh4U Produce Ltd

Contents

Company Information | 1
Directors' Report | 2
Statement of Directors' Responsibilities | 3
Independent Auditor's Report | 4 to 6
Profit and Loss Account | 7
Statement of Comprehensive Income | 8
Balance Sheet | 9
Statement of Changes in Equity | 10
Notes to the Financial Statements | 11 to 21

Fresh4U Produce Ltd

Company Information

Directors | Mr Hatim Aliasgar Raja Mr Fakhruddin Paisawala

Registered office | Unit NCF 5 Western International Market Hayes Road Southall Middlesex UB2 5XJ

Auditors | Tahas & Co Ltd Suite 3, Second Floor 760 Eastern Avenue Newbury Park London IG2 7HU

Fresh4U Produce Ltd

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Hatim Aliasgar Raja

Mr Fakhruddin Paisawala

Principal activity

The principal activity of the company is importers and distributors of fruit & vegetables

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 20 March 2026 and signed on its behalf by:

......................................... Mr Hatim Aliasgar Raja Director | ......................................... Mr Fakhruddin Paisawala Director |

Fresh4U Produce Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and apply them consistently;

• | make judgements and accounting estimates that are reasonable and prudent;

• | 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 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.

Fresh4U Produce Ltd

Independent Auditor's Report to the Members of Fresh4U Produce Ltd

Opinion

We have audited the financial statements of Fresh4U Produce Ltd (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, 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 FRS 102 Section 1A '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 31 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 auditor 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 UK, including the FRC’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 director's 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 original financial statements were 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 auditor’s report thereon. 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.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Fresh4U Produce Ltd

Independent Auditor's Report to the Members of Fresh4U Produce Ltd

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• | the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where 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; or
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 3], 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.

Auditor 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 auditor’s 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Fresh4U Produce Ltd

Independent Auditor's Report to the Members of Fresh4U Produce Ltd

In identifying and assessing risks of material misstatement in respect of irregularities including fraud and non-compliance with laws and regulations, we considered the following
- the nature of the industry and sector, control environment and business performance and performance targets
- results of our enquiries of management and the company's financial manager's own identification and assessment of the risks of irregularities.
- any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non- compliance
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations
- Using analytical procedures to identify any unsual or unexpected relationships.
We remained alert to any indications of fraud throughout the audit. As required by auditing standards and taking into account possible pressures to achieve targets, we performed procedures to address the risk of management override of controls and the risk of making inappropriate accounting entries. We also performed procedures including identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documents. These included those posted to unusual accounts.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor’s 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.

......................................
Mr M Poonawala (Senior Statutory Auditor)
For and on behalf of Tahas & Co Ltd, Statutory Auditor
Suite 3, Second Floor
760 Eastern Avenue
Newbury Park
London
IG2 7HU

20 March 2026

Fresh4U Produce Ltd

Profit and Loss Account for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 23,021,818 | 21,864,563
Cost of sales |  | (20,207,814) | (18,707,113)
Gross profit |  | 2,814,004 | 3,157,450
Distribution costs |  | (63,326) | (47,277)
Administrative expenses |  | (2,037,142) | (2,265,027)
Operating profit |  | 713,536 | 845,146
Income from other Fixed assets investments |  | 997 | 1,060
Profit before tax | 5 | 714,533 | 846,206
Tax on profit |  | (256,804) | (243,814)
Profit for the financial year |  | 457,729 | 602,392

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Fresh4U Produce Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Profit for the year | 457,729 | 602,392
Total comprehensive income for the year | 457,729 | 602,392

Fresh4U Produce Ltd

(Registration number: 06754902)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 7 | 971,485 | 1,043,683
Investments | 8 | 20,000 | 20,000
|  | 991,485 | 1,063,683
Current assets |  |  |
Stocks | 9 | 303,144 | 171,914
Debtors | 10 | 3,161,269 | 2,345,169
Investments | 11 | 20,000 | 20,000
Cash at bank and in hand |  | 238,557 | 2,179,959
|  | 3,722,970 | 4,717,042
Creditors: Amounts falling due within one year | 12 | (2,714,101) | (2,395,553)
Net current assets |  | 1,008,869 | 2,321,489
Total assets less current liabilities |  | 2,000,354 | 3,385,172
Creditors: Amounts falling due after more than one year | 12 | (42,907) | -
Provisions for liabilities |  | (92,228) | -
Net assets |  | 1,865,219 | 3,385,172
Capital and reserves |  |  |
Called up share capital | 13 | 124 | 124
Revaluation reserve |  | 379,998 | 379,998
Retained earnings |  | 1,485,097 | 3,005,050
Shareholders' funds |  | 1,865,219 | 3,385,172

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 20 March 2026 and signed on its behalf by:

......................................... Mr Hatim Aliasgar Raja Director | ......................................... Mr Fakhruddin Paisawala Director |

Fresh4U Produce Ltd

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 April 2024 | 124 | 379,998 | 3,005,050 | 3,385,172
Profit for the year | - | - | 457,729 | 457,729
Dividends | - | - | (1,977,682) | (1,977,682)
At 31 March 2025 | 124 | 379,998 | 1,485,097 | 1,865,219

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 April 2023 | 124 | 379,998 | 2,624,058 | 3,004,180
Profit for the year | - | - | 602,392 | 602,392
Dividends | - | - | (221,400) | (221,400)
At 31 March 2024 | 124 | 379,998 | 3,005,050 | 3,385,172

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit NCF 5
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

These financial statements were authorised for issue by the Board on 20 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% on reducing balance
Motor vehicles | 25% on reducing balance
Office equipment | 25% on reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 50% over two years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 38 (2024 - 40).

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

4 | Auditors' remuneration

| 2025 £ | 2024 £
Audit of the financial statements | 8,000 | -
Other fees to auditors |  |
All other non-audit services | 11,705 | -

5 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 155,880 | 175,291

6 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2024 | 21,552 | 21,552
At 31 March 2025 | 21,552 | 21,552
Amortisation
At 1 April 2024 | 21,552 | 21,552
At 31 March 2025 | 21,552 | 21,552
Carrying amount
At 31 March 2025 | - | -

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

7 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 722,575 | 500,626 | 104,368 | 53,226 | 1,380,795
Additions | - | - | 93,516 | 8,149 | 101,665
Disposals | - | (23,979) | - | - | (23,979)
At 31 March 2025 | 722,575 | 476,647 | 197,884 | 61,375 | 1,458,481
Depreciation
At 1 April 2024 | 70,000 | 188,476 | 48,425 | 30,211 | 337,112
Charge for the year | 50,000 | 72,159 | 27,287 | 6,433 | 155,879
Eliminated on disposal | - | (5,995) | - | - | (5,995)
At 31 March 2025 | 120,000 | 254,640 | 75,712 | 36,644 | 486,996
Carrying amount
At 31 March 2025 | 602,575 | 222,007 | 122,172 | 24,731 | 971,485
At 31 March 2024 | 652,575 | 312,150 | 55,943 | 23,015 | 1,043,683

Included within the net book value of land and buildings above is £602,575 (2024 - £652,575) in respect of short leasehold land and buildings.

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

8 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 20,000 | 20,000

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 20,000
Provision
Carrying amount
At 31 March 2025 | 20,000
At 31 March 2024 | 20,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025 | 2024
Subsidiary undertakings
Root 7 Produce Limited | Unit NCF5 Western International Market Hayes Road Southall UB2 5XJ England | Ordinary | 100% | 100%

Subsidiary undertakings
Root 7 Produce Limited The principal activity of Root 7 Produce Limited is wholesale of fruits and vegetables.

9 | Stocks

| 2025 £ | 2024 £
Other inventories | 303,144 | 171,914

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

10 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 2,593,779 | 2,007,663
Amounts owed by related parties | 15 | 266,554 | 261,410
Prepayments |  | 16,535 | 28,071
Other debtors |  | 284,401 | 48,025
|  | 3,161,269 | 2,345,169

The amounts due from group undertakings are unsecured and do not bear interest.

11 | Current asset investments

| 2025 £ | 2024 £
Other investments | 20,000 | 20,000

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

12 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 1,937,441 | 1,713,714
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 15 | 443,462 | 223,243
Taxation and social security |  | 184,495 | 260,980
Accruals and deferred income |  | 146,106 | 7,834
Other creditors |  | 2,597 | 189,782
|  | 2,714,101 | 2,395,553

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 14 | 42,907 | -

13 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary share of £1 each | 120 | 120 | 120 | 120
Deferred A of £1 each | 1 | 1 | 1 | 1
Deferred B of £1 each | 1 | 1 | 1 | 1
Deferred C of £1 each | 1 | 1 | 1 | 1
Deferred D of £1 each | 1 | 1 | 1 | 1
| 124 | 124 | 124 | 124

14 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Finance lease liabilities | 42,907 | -

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

15 | Related party transactions

The company is a directly owned subsidiary of Holdings4U Ltd and has taken advantage of the exemption conferred by Section 33.1A of FRS 102 not to disclose transactions with Holdings4U Ltd or other wholly owned
subsidiaries within the group.

Fresh4U Produce Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,140 | 25,140

16 | Parent and ultimate parent undertaking

The company's immediate parent is Holdings4U Ltd, incorporated in England and Wales.