Vegevilo Ltd 11179134 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the supply of food and drink. Digita Accounts Production Advanced 6.30.9574.0 true true 11179134 2022-04-01 2023-03-31 11179134 2023-03-31 11179134 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-31 11179134 core:RetainedEarningsAccumulatedLosses 2023-03-31 11179134 core:ShareCapital 2023-03-31 11179134 core:CurrentFinancialInstruments 2023-03-31 11179134 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11179134 core:Goodwill 2023-03-31 11179134 core:WithinOneYear 2023-03-31 11179134 core:FurnitureFittingsToolsEquipment 2023-03-31 11179134 bus:SmallEntities 2022-04-01 2023-03-31 11179134 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11179134 bus:FullAccounts 2022-04-01 2023-03-31 11179134 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11179134 bus:RegisteredOffice 2022-04-01 2023-03-31 11179134 bus:Director1 2022-04-01 2023-03-31 11179134 bus:Director2 2022-04-01 2023-03-31 11179134 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-04-01 2023-03-31 11179134 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11179134 core:Goodwill 2022-04-01 2023-03-31 11179134 core:FurnitureFittings 2022-04-01 2023-03-31 11179134 countries:EnglandWales 2022-04-01 2023-03-31 11179134 core:Goodwill 2022-03-31 11179134 core:FurnitureFittingsToolsEquipment 2022-03-31 11179134 2021-04-01 2022-03-31 11179134 2022-03-31 11179134 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 11179134 core:RetainedEarningsAccumulatedLosses 2022-03-31 11179134 core:ShareCapital 2022-03-31 11179134 core:CurrentFinancialInstruments 2022-03-31 11179134 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11179134 core:Goodwill 2022-03-31 11179134 core:WithinOneYear 2022-03-31 11179134 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11179134

Vegevilo Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

Pages for filing with Registrar

 

Vegevilo Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Vegevilo Ltd

Company Information

Directors

V Gkatzioufa

M D Torres Pedrosa

Registered office

St Nicholas Market
Wine Street
Bristol
BS1 1JQ

Registered number

11179134

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Vegevilo Ltd

(Registration number: 11179134)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

8,000

9,600

Tangible assets

5

-

-

 

8,000

9,600

Current assets

 

Stocks

1,000

500

Debtors

6

467

638

Cash at bank and in hand

 

265

2,586

 

1,732

3,724

Creditors: Amounts falling due within one year

7

(52,243)

(29,978)

Net current liabilities

 

(50,511)

(26,254)

Net liabilities

 

(42,511)

(16,654)

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

(42,611)

(16,754)

Total equity

 

(42,511)

(16,654)

 

Vegevilo Ltd

(Registration number: 11179134)
Balance Sheet as at 31 March 2023

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 11 October 2023 and signed on its behalf by:
 

.........................................

M D Torres Pedrosa
Director

 

Vegevilo Ltd

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

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Nicholas Market
Wine Street
Bristol
BS1 1JQ
United Kingdom

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future.The directors have considered the forecasted cashflows from additional revenue streams since the year end and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised, using the accrual model, at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

 

Vegevilo Ltd

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

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures and fittings

25% straight line

Goodwill

Goodwill represents the amount paid in connection with the acquisition of a business in 2018, and is being amortised evenly over its estimated useful life of ten years.

Intangible fixed assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

 

Vegevilo Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Vegevilo Ltd

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

4

Intangible fixed assets

Goodwill
 £

Cost

At 1 April 2022

16,000

At 31 March 2023

16,000

Amortisation

At 1 April 2022

6,400

Amortisation charge

1,600

At 31 March 2023

8,000

Carrying amount

At 31 March 2023

8,000

At 31 March 2022

9,600

5

Tangible fixed assets

Fixtures and fittings
 £

Cost

At 1 April 2022

10,000

At 31 March 2023

10,000

Depreciation

At 1 April 2022

10,000

At 31 March 2023

10,000

Carrying amount

At 31 March 2023

-

At 31 March 2022

-

 

Vegevilo Ltd

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

6

Debtors: amounts falling due within one year

2023
£

2022
£

Other debtors

467

638

467

638

7

Creditors

2023
£

2022
£

Amounts falling due within one year

Trade creditors

2,370

-

Taxation and social security

5,730

3,917

Other creditors

6,475

887

Accruals

1,900

1,900

Directors' loan accounts

35,768

23,274

52,243

29,978

The directors' loan accounts are interest free and unsecured. There is no fixed date for repayment.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

1,000

548