Registration number:
Sharrocks Fresh Produce Limited
for the Year Ended 31 October 2025
Sharrocks Fresh Produce Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Financial Statements |
Sharrocks Fresh Produce Limited
Company Information
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Directors |
Mr Martin Cookson Mr Ryan Mark Cookson Mr Luke Martin Cookson |
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Registered office |
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Auditors |
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Sharrocks Fresh Produce Limited
Strategic Report for the Year Ended 31 October 2025
The directors present their strategic report for the year ended 31 October 2025.
Principal activity
The principal activity of the company is the wholesale of fruit,vegetables and other food products.
Fair review of the business
It has been a stable year for Sharrock’s Fresh Produce Limited. In this accounting period, the company has achieved operating profits of £239,455 (2024 £355,110) and has a strong balance sheet with closing net assets of £1,477,267 (2024 £1,315,028). Whilst profitability reduced compared to the prior year, the company continues to maintain a strong balance sheet position and remains well placed for continued trading and future growth.
Key performance indicators include turnover of £23,669,213 (2024 £24,222,774) and gross profit of £3,237,952 (2024 £3,184,986), with a gross profit margin of 13.68% (2024 13.15%). Despite wider economic uncertainties, including inflationary pressures and increased operating costs across the sector, the company has maintained stable margins and continued to perform satisfactorily throughout the year.
The management buyout of Sharrock’s Fresh Produce Limited by Cookson Holdings Limited, completed in so far as the A ordinary shares are concerned, was completed in the previous financial years. The business has continued to trade successfully following the transition in ownership.
The year saw continuing investment in fixed assets, and operational infrastructure, strengthening the company’s ability to process, store and distribute produce efficiently whilst supporting future operational requirements and customer demand.
Principal risks and uncertainties
The company's accounting and reporting systems continue to operate effectively, supported by an experienced management team and work force. Trading performance and margins continue to be monitored closely throughout the year in response to changing market conditions and wider economic pressures.
Capital expenditure purchases during the period and subsequent to the year end have focused on strengthening operational infrastructure, transportation and product handling efficiencies. These investments are intended to support operational resilience, customer service and the company’s long term growth objectives
Approved and authorised by the
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Sharrocks Fresh Produce Limited
Directors' Report for the Year Ended 31 October 2025
The directors present their report and the financial statements for the year ended 31 October 2025.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
Objectives and policies
The directors do not consider that the financial position of the company requires the need for indicators to be disclosed concerning financial instruments, other than those already incorporated in the notes to the financial statements.
The company has a strong system of internal control and the accounting and reporting systems continue to function very well. Sales margins are maintained and performance is monitored on a daily basis.
A knowledgeable and competent finance team remain in place.
Investment in capital expenditure continues in the period and after the year end, to support business growth and facilitate continued efficency and profitability.
Price risk, credit risk, liquidity risk and cash flow risk
Key risks include maintaining gross profit margins through the use of pricing strategies, monitoring operating costs and overheads, and generating net cash inflows.
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.
Approved and authorised by the
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Sharrocks Fresh Produce Limited
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:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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.
Sharrocks Fresh Produce Limited
Independent Auditor's Report to the Members of Sharrocks Fresh Produce Limited
Opinion
We have audited the financial statements of Sharrocks Fresh Produce Limited (the 'company') for the year ended 31 October 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 Financial Reporting Standard 102 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 October 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 directors are responsible for the 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.
Sharrocks Fresh Produce Limited
Independent Auditor's Report to the Members of Sharrocks Fresh Produce Limited
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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have 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 Strategic Report and 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. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], 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:
Sharrocks Fresh Produce Limited
Independent Auditor's Report to the Members of Sharrocks Fresh Produce Limited
We gained an understanding of the legal and regulatory framework applicable to the group and the industry in which it operates, and considered the risk of acts by the group that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
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.
......................................
For and on behalf of
Longridge Road
Preston
Lancashire
PR2 5BQ
Sharrocks Fresh Produce Limited
Profit and Loss Account for the Year Ended 31 October 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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(18,889) |
(43,481) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Sharrocks Fresh Produce Limited
Statement of Comprehensive Income for the Year Ended 31 October 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Sharrocks Fresh Produce Limited
(Registration number: 08697722)
Balance Sheet as at 31 October 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Approved and authorised by the
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Sharrocks Fresh Produce Limited
Statement of Changes in Equity for the Year Ended 31 October 2025
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Share capital |
Retained earnings |
Total |
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At 1 November 2024 |
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Profit for the year |
- |
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At 31 October 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 November 2023 |
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Profit for the year |
- |
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At 31 October 2024 |
100 |
1,314,928 |
1,315,028 |
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Summary of disclosure exemptions
The Company has taken advantage of the reduced disclosure framework exemptions under FRS102, Section 1.12..
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.
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.
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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:
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Asset class |
Depreciation method and rate |
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Leasehold Land & Buildings |
20% Straight Line |
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Plant & Equipment |
20% Straight Line |
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Fixtures & Fittings |
20% Straight Line |
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Motor Vehicles |
25% Straight Line |
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.
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:
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Asset class |
Amortisation method and rate |
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Software |
20% Straight Line |
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Purchased Goodwill |
20% Straight Line |
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.
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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
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.
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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.
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.
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Sale of goods |
|
|
|
Rendering of services |
|
|
|
Rental income from investment property |
|
|
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Other revenue |
- |
|
|
|
|
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain on disposal of Tangible assets |
|
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Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
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Amortisation expense |
|
|
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Operating lease expense - plant and machinery |
|
|
|
Operating lease expense - other |
|
|
|
Profit on disposal of property, plant and equipment |
( |
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
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Interest income on bank deposits |
|
- |
|
Other finance income |
|
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|
|
|
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Interest payable and similar expenses |
|
2025 |
2024 |
|
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Interest on obligations under finance leases and hire purchase contracts |
|
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Interest expense on other finance liabilities |
- |
|
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Other finance costs |
|
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|
|
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
|
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Wages and salaries |
|
|
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Social security costs |
|
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Pension costs, defined contribution scheme |
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Other employee expense |
|
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Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
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Production |
|
|
|
Administration and support |
|
|
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Other departments |
|
|
|
|
|
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
178,245 |
238,294 |
In respect of the highest paid director:
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2025 |
2024 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
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Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
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UK corporation tax |
|
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Deferred taxation |
||
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Arising from origination and reversal of timing differences |
( |
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Tax increase from effect of capital allowances and depreciation |
|
|
|
Tax decrease from other short-term timing differences |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Tax decrease arising from group relief |
( |
- |
|
Total tax charge |
|
|
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Deferred tax
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
- |
|
|
|
- |
|
|
2024 |
Asset |
Liability |
|
- |
|
|
|
- |
|
|
Intangible assets |
|
Goodwill |
Internally generated software development costs |
Total |
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Cost or valuation |
|||
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At 1 November 2024 |
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At 31 October 2025 |
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Amortisation |
|||
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At 1 November 2024 |
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|
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Amortisation charge |
|
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|
|
At 31 October 2025 |
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|
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Carrying amount |
|||
|
At 31 October 2025 |
|
|
|
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At 31 October 2024 |
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In February 2022, Sharrocks Fresh Produce Limited purchased the trade and assets of another business operating in the same sector. This transaction resulted in goodwill on the business combination. The useful economic life of this purchased goodwill is 5 years and it is being amortised in the accounts to reflect the substance of this transaction.
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
||
|
Cost or valuation |
|||||
|
At 1 November 2024 |
|
|
|
|
|
|
Additions |
- |
|
|
|
|
|
Disposals |
- |
- |
( |
( |
|
|
At 31 October 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 November 2024 |
|
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
( |
|
|
At 31 October 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 October 2025 |
- |
|
|
|
|
|
At 31 October 2024 |
- |
|
|
|
|
|
Total |
|||||
|
Cost or valuation |
|||||
|
At 1 November 2024 |
|
||||
|
Additions |
|
||||
|
Disposals |
( |
||||
|
At 31 October 2025 |
|
||||
|
Depreciation |
|||||
|
At 1 November 2024 |
|
||||
|
Charge for the year |
|
||||
|
Eliminated on disposal |
( |
||||
|
At 31 October 2025 |
|
||||
|
Carrying amount |
|||||
|
At 31 October 2025 |
|
||||
|
At 31 October 2024 |
|
||||
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of short leasehold land and buildings.
|
Stocks |
|
2025 |
2024 |
|
|
Raw materials and consumables |
|
|
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Accrued income |
|
|
|
|
Income tax asset |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
- |
|
|
|
Accruals |
|
|
|
|
Income tax liability |
103,699 |
118,753 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
The invoice discounting facility of £59,301 (2024 £229,361) included within other creditors, is secured on the debtors to which it relates.
The Balance is a debtor this year due to cash not being drawn down.
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 November 2024 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 31 October 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
90 |
|
90 |
|
|
|
10 |
|
10 |
|
|
|
|
|
|
All classes of shares have the same rights, save that 'B' shares have no rights to dividends.
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Loans and borrowings |
Non-current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
Current loans and borrowings
|
2025 |
2024 |
|
|
Hire purchase contracts |
|
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
- |
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Sharrocks Fresh Produce Limited
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Related party transactions |
Summary of transactions with parent
The registered address is:
Ground Floor, Seneca House, Links Point, Amy Johnson Way, Blackpool, United Kingdom, FY4 2FF
Summary of transactions with other related parties
Loans are advanced to directors. Loans are repayable upon demand and interest is charged at the official rate of interest on any balance that exceeds £10,000 throughout the year.
Loans to related parties
|
2025 |
Key management |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Interest transactions |
|
|
|
At end of period |
|
|
|
|
||
|
2024 |
Key management |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Interest transactions |
|
|
|
At end of period |
|
|
|
|
||