PAN FRESH LIMITED - Accounts

PAN FRESH LIMITED - Accounts

PAN FRESH LIMITED - Company Information

Print Friendly Version

2022-02-01 2023-01-31 false Capium Accounts Production 1.1 07479320 bus:FullAccounts 2022-02-01 2023-01-31 07479320 bus:FRS102 2022-02-01 2023-01-31 07479320 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07479320 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 07479320 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07479320 2022-02-01 2023-01-31 07479320 2023-01-31 07479320 bus:RegisteredOffice 2022-02-01 2023-01-31 07479320 core:WithinOneYear 2023-01-31 07479320 core:AfterOneYear 2023-01-31 07479320 bus:Director1 2022-02-01 2023-01-31 07479320 bus:Director1 2023-01-31 07479320 bus:Director1 2021-02-01 2022-01-31 07479320 2021-02-01 07479320 bus:CompanySecretary1 2022-02-01 2023-01-31 07479320 bus:LeadAgentIfApplicable 2022-02-01 2023-01-31 07479320 2021-02-01 2022-01-31 07479320 2022-01-31 07479320 core:WithinOneYear 2022-01-31 07479320 core:AfterOneYear 2022-01-31 07479320 bus:EntityAccountantsOrAuditors 2021-02-01 2022-01-31 07479320 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 07479320 bus:OrdinaryShareClass1 2023-01-31 07479320 bus:OrdinaryShareClass1 2021-02-01 2022-01-31 07479320 bus:OrdinaryShareClass1 2022-01-31 07479320 core:MotorCars 2022-02-01 2023-01-31 07479320 core:MotorCars 2023-01-31 07479320 core:MotorCars 2022-01-31 07479320 core:FurnitureFittings 2022-02-01 2023-01-31 07479320 core:FurnitureFittings 2023-01-31 07479320 core:FurnitureFittings 2022-01-31 07479320 core:LandBuildings 2022-02-01 2023-01-31 07479320 core:LandBuildings 2023-01-31 07479320 core:LandBuildings 2022-01-31 07479320 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-01-31 07479320 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-01-31 07479320 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 07479320 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 07479320 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-01-31 07479320 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 07479320 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-01-31 07479320 core:Non-currentFinancialInstruments 2023-01-31 07479320 core:Non-currentFinancialInstruments 2022-01-31 07479320 core:ShareCapital 2023-01-31 07479320 core:ShareCapital 2022-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2023-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2022-01-31 07479320 core:ShareCapitalOrdinaryShares 2022-02-01 07479320 core:ShareCapitalOrdinaryShares 2021-02-01 07479320 core:ShareCapitalOrdinaryShares 2022-02-01 2023-01-31 07479320 core:ShareCapitalOrdinaryShares 2021-02-01 2022-01-31 07479320 core:ShareCapitalOrdinaryShares 2023-01-31 07479320 core:ShareCapitalOrdinaryShares 2022-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2022-02-01 07479320 core:RetainedEarningsAccumulatedLosses 2021-02-01 07479320 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2023-01-31 07479320 core:RetainedEarningsAccumulatedLosses 2022-01-31 07479320 dpl:Item1 2022-02-01 07479320 dpl:Item1 2023-01-31 07479320 dpl:Item1 2021-02-01 07479320 dpl:Item1 2022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 07479320
England and Wales

 

 

 

PAN FRESH LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

PAN FRESH LIMITED
Contents Page
For the year ended 31 January 2023
Director Hason MIAH
Registered Number 07479320
Registered Office STAND 2B NEW SPITALFIELDS MARKET
1 SHERRIN ROAD, LEYTON LONDON
LONDON
UK
E10 5SL
Accountants SSH ACCOUNTANCY LTD
Unit 2-3
88 Mile End Road
LONDON
E1 4UN
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 January 2023.
Principal activities
Principal activity of the company during the financial year was of Wholesale of fruit and vegetables
Director
The director who served the company throughout the year was as follows:
Hason MIAH
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director 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 the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is 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. The director is 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.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Hason MIAH
Director

Date approved: 18 December 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of PAN FRESH LIMITED for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PAN FRESH LIMITED for the year ended 31 January 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of PAN FRESH LIMITED, as a body, in accordance with the terms of our engagement letter dated 18 December 2023 Our work has been undertaken solely to prepare for your approval the accounts of PAN FRESH LIMITED and state those matters that we have agreed to state to the Board of Directors of PAN FRESH LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PAN FRESH LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PAN FRESH LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PAN FRESH LIMITED. You consider that PAN FRESH LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of PAN FRESH LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2023



....................................................
SSH ACCOUNTANCY LTD
Unit 2-3
88 Mile End Road
LONDON
E1 4UN
18 December 2023
3
 
 		 Notes
 		 2023
£		   2022
£
Turnover 7,064,680    5,572,941 
Cost of sales (6,541,758)   (5,204,893)
Gross profit 522,922    368,048 
Administrative expenses (396,089)   (252,152)
Operating profit 126,833    115,896 
Profit/(Loss) on ordinary activities before taxation 126,833    115,896 
Tax on profit on ordinary activities (24,411)   (22,288)
Profit/(Loss) for the financial year 102,422    93,608 
 
4
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 68,990    69,249 
68,990    69,249 
Current assets      
Stocks 4 50,000    38,600 
Debtors 5 533,578    455,882 
Cash at bank and in hand 404,390    313,435 
987,968    807,917 
Creditors: amount falling due within one year 6 (340,984)   (263,614)
Net current assets 646,984    544,303 
 
Total assets less current liabilities 715,974    613,552 
Net assets 715,974    613,552 
 

Capital and reserves 		     
Called up share capital 7 20,000    20,000 
Profit and loss account 695,974    593,552 
Shareholder's funds 715,974    613,552 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 18 December 2023 and were signed by:


-------------------------------
Hason MIAH
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 February 2021 20,000  499,944  519,944 
Profit for the year 93,608  93,608 
Total comprehensive income for the year -  93,608  93,608 
Total investments by and distributions to owners -  -  - 
At 31 January 2022 20,000  593,552  613,552 
At 01 February 2022 20,000  593,552  613,552 
Profit for the year 102,422  102,422 
Total comprehensive income for the year -  102,422  102,422 
Total investments by and distributions to owners -  -  - 
At 31 January 2023 20,000  695,974  715,974 
6
General Information
PAN FRESH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07479320, registration address STAND 2B NEW SPITALFIELDS MARKET, 1 SHERRIN ROAD, LEYTON LONDON, LONDON, UK, E10 5SL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Motor Vehicles 18% Reducing Balance
Fixtures and Fittings 18% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 5 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Land and Buildings   Total
  £   £   £   £
At 01 February 2022 4,000    12,248    61,500    77,748 
Additions -    1,385    -    1,385 
Disposals -    -    -    - 
At 31 January 2023 4,000    13,633    61,500    79,133 
Depreciation
At 01 February 2022 3,027    5,472    -    8,499 
Charge for year 175    1,469    -    1,644 
On disposals -    -    -    - 
At 31 January 2023 3,202    6,941    -    10,143 
Net book values
Closing balance as at 31 January 2023 798    6,692    61,500    68,990 
Opening balance as at 01 February 2022 973    6,776    61,500    69,249 

The net book value of Land and Buildings includes £ 61,500 (2022 £61,500) in respect of assets leased under finance leases or hire purchase contracts.

4.

Stocks

2023
£		   2022
£
Stocks 50,000    38,600 
50,000    38,600 

5.

Debtors: amounts falling due within one year

2023
£		   2022
£
Trade Debtors 487,291    445,427 
Corporation Tax 13,489    1,625 
PAYE & Social Security 20,730    5,657 
VAT 12,068    3,173 
533,578    455,882 

6.

Creditors: amount falling due within one year

2023
£		   2022
£
Trade Creditors 340,984    263,614 
340,984    263,614 

7.

Share Capital

Allotted, called up and fully paid
2023
£		   2022
£
20,000 Class A shares of £1.00 each 20,000    20,000 
20,000    20,000 

7