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Registered Number: 08049844


 

 

 

VEGAN TECH LTD


Abridged Accounts
 


Period of accounts

Start date: 01 May 2022

End date: 30 April 2023
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts VEGAN TECH LTD for the year ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VEGAN TECH LTD for the year ended 30 April 2023 which comprise of the Profit and Loss Account, the Balance Sheet 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the Board of Directors of VEGAN TECH LTD , as a body, in accordance with the terms of our engagement letter dated 26 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of VEGAN TECH LTD and state those matters that we have agreed to state to the Board of Directors of VEGAN TECH LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VEGAN TECH LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that VEGAN TECH LTD 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 VEGAN TECH LTD. You consider that VEGAN TECH LTD 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 VEGAN TECH LTD. 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.



....................................................
Advantax Accountants
Suite 546, The Atrium
1 Harefield Road
Uxbridge
Middlesex
UB8 1EX
26 October 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 52,279    (956)
52,279    (956)
Current assets      
Debtors: amounts falling due within one year 8,198    17,989 
Debtors: amounts falling due after one year 154,904    199,404 
Cash at bank and in hand 114,488    28,147 
277,590    245,540 
Creditors: amount falling due within one year (9,040)   (931)
Net current assets 268,550    244,609 
 
Total assets less current liabilities 320,829    243,653 
Net assets 320,829    243,653 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 320,828    243,652 
Shareholder's funds 320,829    243,653 
 


For the year ended 30 April 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 October 2023 and were signed by:


-------------------------------
Jaspaul Aggarwal
Director
2
General Information
VEGAN TECH LTD is a private company, limited by shares, registered in , registration number 08049844, registration address 18 Tudor Road, Ashford, TW15 1QW.

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.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s 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 assets are initially recorded at cost and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreciation

Depreciation is calculated so as to write off the cost of valuation of an asset, less its residual value,
over the useful economic life of that asset as follows: 
Fixtures, fittings & equipment - 25% straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or
 the residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 May 2022   5,109    5,109 
Additions 53,235      53,235 
Disposals    
At 30 April 2023 53,235    5,109    58,344 
Depreciation
At 01 May 2022   6,065    6,065 
Charge for year    
On disposals    
At 30 April 2023   6,065    6,065 
Net book values
Closing balance as at 30 April 2023 53,235    (956)   52,279 
Opening balance as at 01 May 2022   (956)   (956)


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