Fruits In The City Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC441319 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Fruits In The City Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J M Henderson

REGISTERED OFFICE:

Units 2 & 3

New Broompark Business Park

Edinburgh

EH5 1RS

REGISTERED NUMBER:

SC441319 (Scotland)

ACCOUNTANTS:

A H & Co Ltd

Chartered Accountants

6 Logie Mill

Edinburgh

Lothian

EH7 4HG

FIXED ASSETS

Intangible assets

4

7,998

10,471

Tangible assets

5

22,608

37,437

30,606

47,908

CURRENT ASSETS

Stocks

1,994

1,356

Debtors

6

87,514

92,148

Cash at bank and in hand

80,639

52,269

170,147

145,773

CREDITORS

Amounts falling due within one year

7

76,713

60,820

NET CURRENT ASSETS

93,434

84,953

TOTAL ASSETS LESS CURRENT

LIABILITIES

124,040

132,861

CREDITORS

Amounts falling due after more than one year

8

-

(3,641

)

PROVISIONS FOR LIABILITIES

10

(5,652

)

(9,359

)

NET ASSETS

118,388

119,861

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

118,288

119,761

SHAREHOLDERS' FUNDS

118,388

119,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2026 and were signed by:

J M Henderson - Director

1.	STATUTORY INFORMATION

Fruits In The City Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised at the rate of 10%. Goodwill is initially measured at cost and after initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated ammortisation and any accumulated impairment losses. Intangible assets are amortised as follows:

Patents and Licenses - 10% on cost

Computer Software - 10% on cost

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

The company only has financial instruments and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Computer

Goodwill

licences

software

Totals

£

COST

At 1 April 2025

and 31 March 2026

70,001

215

24,524

94,740

AMORTISATION

At 1 April 2025

70,001

107

14,160

84,268

Amortisation for year

-

22

2,452

2,474

At 31 March 2026

70,001

129

16,612

86,742

NET BOOK VALUE

At 31 March 2026

-

86

7,912

7,998

At 31 March 2025

-

108

10,364

10,472

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2025

5,160

104,227

4,552

113,939

Additions

478

-

1,843

2,321

At 31 March 2026

5,638

104,227

6,395

116,260

DEPRECIATION

At 1 April 2025

4,696

67,674

4,132

76,502

Charge for year

335

15,934

881

17,150

At 31 March 2026

5,031

83,608

5,013

93,652

NET BOOK VALUE

At 31 March 2026

607

20,619

1,382

22,608

At 31 March 2025

464

36,553

420

37,437

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

71,617

64,184

Other debtors

3,823

1,796

Directors' current accounts

388

11,222

VAT

2,721

6,758

Prepayments

8,965

8,188

87,514

92,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bounce back loan

3,514

5,040

Trade creditors

6,959

1,758

Tax

52,471

36,902

Social security and other taxes

2,255

1,591

Loan

9,839

12,839

Accrued expenses

1,675

2,690

76,713

60,820

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bounce back loan

-

3,641

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

Within one year

30,000

14,350

Between one and five years

120,000

56,204

In more than five years

147,500

-

297,500

70,554

10.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

Deferred tax

5,652

9,359

Deferred

tax

£

Balance at 1 April 2025

9,359

Provided during year

(3,707

)

Balance at 31 March 2026

5,652

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

100

Ordinary

£1

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director owed the company £388 as at 31st March 2026 (2025 - £11,222 was owed by the director).

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £76,680 were paid to the director (2025 - £59,784).

During the year, total dividends of £73,674 were paid to a family member of the director (2025 - £57,440)

Loan from a family member of the director to the company £9,839 (2025 - £12,839).

Related Party

Transactions

Balance brought

forward

Amount

Advanced

Balance Carried

Forward

Associated Company

Accountancy costsWebsite

Development Fees

£1,796

£2,027

£3,823

14.	ULTIMATE CONTROLLING PARTY

The controlling party is J M Henderson.