Company Registration No. 8962823 (England and Wales)
Fresh & Local Limited
Unaudited accounts
for the year ended 31 March 2018
Fresh & Local Limited
Unaudited accounts
Contents
Fresh & Local Limited
Company Information
for the year ended 31 March 2018
Company Number
8962823 (England and Wales)
Registered Office
53 COOPERS ROAD
BIRMINGHAM
B20 2JU
Accountants
TAXX LIMITED
257 Lichfield Road
Sutton Coldfield
West Midlands
B74 2XD
Fresh & Local Limited
Statement of financial position
as at
31 March 2018
Tangible assets
3,998
3,434
Inventories
17,805
14,210
Cash at bank and in hand
2,259
7,265
Creditors: amounts falling due within one year
(9,849)
(13,449)
Net current assets
10,215
8,026
Called up share capital
100
100
Profit and loss account
14,113
11,360
Shareholders' funds
14,213
11,460
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 October 2018.
P S Kooner
Director
Company Registration No. 8962823
Fresh & Local Limited
Notes to the Accounts
for the year ended 31 March 2018
Fresh & Local Limited is a private company, limited by shares, registered in England and Wales, registration number 8962823. The registered office is 53 COOPERS ROAD, BIRMINGHAM, B20 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on the reducing balance.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Fresh & Local Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Finished goods
17,805
14,210
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
-
4,350
Taxes and social security
3,152
3,846
Loans from directors
6,297
4,453
7
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan Account
4,453
1,844
-
6,297
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).