Fresh Produce Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

Registered number: 05005988

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		36,864		55,296
Tangible Assets	5		3,275		7,611

			40,139		62,907
CURRENT ASSETS
Stocks	6	73,146		50,901
Debtors	7	379,937		368,537
Cash at bank and in hand		673,727		541,903

		1,126,810		961,341
Creditors: Amounts Falling Due Within One Year	8	(937,560 )		(932,546 )

NET CURRENT ASSETS (LIABILITIES)			189,250		28,795

TOTAL ASSETS LESS CURRENT LIABILITIES			229,389		91,702

Creditors: Amounts Falling Due After More Than One Year	9		-		(6,126 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(671 )		(1,902 )

NET ASSETS			228,718		83,674

CAPITAL AND RESERVES
Called up share capital	10		1,000		1,000
Income Statement			227,718		82,674

SHAREHOLDERS' FUNDS			228,718		83,674

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Fresh Produce Limited

Statement of Financial Position (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

N J Prangley

Director

29 May 2026

The notes on pages 3 to 7 form part of these financial statements.

1. General Information

Fresh Produce Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05005988 . The registered office is 12 Borelli Yard, Farnham, Surrey, GU9 7NU.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Turnover from the sale of fruit and vegetables is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows.

Fixtures & Fittings	20% on cost
Computer Equipment	25% on cost

At each balance sheet date assets are reviewed for any indication that the residual value or the useful life of the asset has changed.

2.5. Leasing and Hire Purchase Contracts

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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Fresh Produce Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial instruments include debtors and creditors receivable or payable within one year and cash and bank balances.

Financial assets that are measured at cost and amortised cost are assessed at each balance sheet date for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit or loss.

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Taxation for the year comprises current 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 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 is recognised in respect of all timing differences that have orginated 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.

2.10. Employee 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.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

2.11. Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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Fresh Produce Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 6)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	184,318

As at 30 November 2025	184,318

Amortisation
As at 1 December 2024	129,022
Provided during the period	18,432

As at 30 November 2025	147,454

Net Book Value
As at 30 November 2025	36,864

As at 1 December 2024	55,296

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 December 2024	33,220
Additions	2,548

As at 30 November 2025	35,768

Depreciation
As at 1 December 2024	25,609
Provided during the period	6,884

As at 30 November 2025	32,493

Net Book Value
As at 30 November 2025	3,275

As at 1 December 2024	7,611

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Fresh Produce Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

6. Stocks

	2025	2024
	£	£
Stock	73,146	50,901

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	341,223	327,434
Other debtors	38,714	41,103

	379,937	368,537

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	647,280	646,283
Bank loans and overdrafts	(6,106 )	10,276
Other creditors	236,865	237,916
Taxation and social security	59,521	38,071

	937,560	932,546

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	6,126

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Fresh Produce Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	3,945	3,945

	3,945	3,945

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