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REGISTERED NUMBER: 09896047 (England and Wales)















Vegetable Matters Limited

Unaudited Financial Statements for the Year Ended 31 March 2023






Vegetable Matters Limited (Registered number: 09896047)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Vegetable Matters Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P F Drinkwater
Mrs A Drinkwater





REGISTERED OFFICE: Taskers
May Lane
Ebrington
Gloucestershire
GL55 6NJ





REGISTERED NUMBER: 09896047 (England and Wales)





ACCOUNTANTS: D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE

Vegetable Matters Limited (Registered number: 09896047)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 363,636 348,031

CURRENT ASSETS
Stocks 11,600 11,600
Debtors 5 14,810 11,266
Cash at bank and in hand 1,482 32,888
27,892 55,754
CREDITORS
Amounts falling due within one year 6 83,026 86,493
NET CURRENT LIABILITIES (55,134 ) (30,739 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,502

317,292

CREDITORS
Amounts falling due after more than one
year

7

(256,841

)

(266,846

)

PROVISIONS FOR LIABILITIES (20,156 ) (17,191 )
NET ASSETS 31,505 33,255

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 31,503 33,253
SHAREHOLDERS' FUNDS 31,505 33,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vegetable Matters Limited (Registered number: 09896047)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:




P F Drinkwater - Director



Mrs A Drinkwater - Director


Vegetable Matters Limited (Registered number: 09896047)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Vegetable Matters 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and Straight line over 3 years

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Vegetable Matters Limited (Registered number: 09896047)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 149,466 260,440 409,906
Additions - 33,094 33,094
At 31 March 2023 149,466 293,534 443,000
DEPRECIATION
At 1 April 2022 - 61,875 61,875
Charge for year - 17,489 17,489
At 31 March 2023 - 79,364 79,364
NET BOOK VALUE
At 31 March 2023 149,466 214,170 363,636
At 31 March 2022 149,466 198,565 348,031

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 13,765
DEPRECIATION
At 1 April 2022 7,313
Charge for year 1,613
At 31 March 2023 8,926
NET BOOK VALUE
At 31 March 2023 4,839
At 31 March 2022 6,452

Vegetable Matters Limited (Registered number: 09896047)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,677 2,114
Other debtors 11,133 9,152
14,810 11,266

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,057 -
Hire purchase contracts - 1,876
Trade creditors 47,950 39,709
Taxation and social security 13,857 20,368
Other creditors 14,162 24,540
83,026 86,493

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 256,841 266,846

8. RELATED PARTY DISCLOSURES

The Director has an outstanding loan to the Company of £177,000 as at 31 March 2023 (£180,000 2022). Interest is being charged on £80,000 of this loan at a rate of 7.5%.

Vegetable Matters Limited

Report of the Accountants to the Directors of
Vegetable Matters Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D & S Plumb Accountants Limited
19 A/B Blackwell Bus. Park
Blackwell
Shipston-on-Stour
Warwickshire
CV36 4PE


3 October 2023