Fruits247.com Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07746417 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

Fruits247.com Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Williams

REGISTERED OFFICE:

116 Duke Street

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

07746417 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

43,679

39,884

CURRENT ASSETS

Stocks

300

300

Debtors

5

1,017

1,140

Cash at bank and in hand

1,568

1,303

2,885

2,743

CREDITORS

Amounts falling due within one year

6

40,798

41,109

NET CURRENT LIABILITIES

(37,913

)

(38,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,766

1,518

CREDITORS

Amounts falling due after more than one year

7

-

396

NET ASSETS

5,766

1,122

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

5,762

1,118

SHAREHOLDERS' FUNDS

5,766

1,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 May 2019 and were signed by:

M J Williams - Director

1.	STATUTORY INFORMATION

Fruits247.com Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

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

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.

Despite the net current liability position of the company it is still considered a going concern due to ongoing

continued support from the director.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts

recognised in the financial statements.

Turnover

Turnover is derived from ordinary activities and is measured at the fair value of the consideration received or

receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest,

and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand) and trade creditors are measured at the

undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the year comprises current and deferred 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

64,515

Additions

22,403

Disposals

(6,122

)

At 31 August 2018

80,796

DEPRECIATION

At 1 September 2017

24,631

Charge for year

16,159

Eliminated on disposal

(3,673

)

At 31 August 2018

37,117

NET BOOK VALUE

At 31 August 2018

43,679

At 31 August 2017

39,884

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Other debtors

1,017

1,140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Hire purchase contracts (see note 8)

396

4,748

Trade creditors

4,887

2,111

Amounts owed to participating interests

22,312

21,516

Other creditors

13,203

12,734

40,798

41,109

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Hire purchase contracts (see note 8)

-

396

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.18

31.8.17

£

£

Net obligations repayable:

Within one year

396

4,748

Between one and five years

-

396

396

5,144

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.18

31.8.17

£

£

Hire purchase contracts

396

5,144

10.	RELATED PARTY DISCLOSURES

Included in creditors is £22,311 (2017: £21,516) due to companies which share the same director as

Fruits247.com Limited. The loans are interest free and repayable on demand.