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REGISTERED NUMBER: 12172713 (England and Wales)


M & A Vegetable Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 November 2023






M & A Vegetable Limited (Registered number: 12172713)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


M & A Vegetable Limited

Company Information
for the year ended 30 November 2023







DIRECTOR: Mr U Tasandere





SECRETARY: Mrs S Tasandere





REGISTERED OFFICE: P49 Western International Market
The Parkway, Hayes Road
Southall
UB2 5XJ





REGISTERED NUMBER: 12172713 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M & A Vegetable Limited

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & A Vegetable Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M & A Vegetable Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & A Vegetable Limited and state those matters that we have agreed to state to the director of M & A Vegetable Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & A Vegetable Limited and its director for our work or for this report.

It is your duty to ensure that M & A Vegetable Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & A Vegetable Limited. You consider that M & A Vegetable 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 financial statements of M & A Vegetable 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 financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


19 April 2024

M & A Vegetable Limited (Registered number: 12172713)

Statement of Financial Position
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 140,818 150,527

CURRENT ASSETS
Inventories 5 114,777 145,362
Debtors 6 1,958,166 1,216,438
Cash at bank and in hand 481,652 439,166
2,554,595 1,800,966
CREDITORS
Amounts falling due within one year 7 1,941,021 1,636,561
NET CURRENT ASSETS 613,574 164,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

754,392

314,932

PROVISIONS FOR LIABILITIES 9 21,686 -
NET ASSETS 732,706 314,932

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 732,606 314,832
SHAREHOLDERS' FUNDS 732,706 314,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

M & A Vegetable Limited (Registered number: 12172713)

Statement of Financial Position - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 19 April 2024 and were signed by:





Mr U Tasandere - Director


M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

M & A Vegetable 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the goods. All turnover are derived from sales in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

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

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less any additional costs to sell.

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 statement of financial position date.


M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 December 2022 56,327 - 134,025 190,352
Additions - 9,956 3,769 13,725
At 30 November 2023 56,327 9,956 137,794 204,077
DEPRECIATION
At 1 December 2022 1,126 - 38,699 39,825
Charge for year 1,126 2,489 19,819 23,434
At 30 November 2023 2,252 2,489 58,518 63,259
NET BOOK VALUE
At 30 November 2023 54,075 7,467 79,276 140,818
At 30 November 2022 55,201 - 95,326 150,527

5. INVENTORIES
2023 2022
£    £   
Finished goods 114,777 145,362

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,921,007 1,149,905
Other debtors - 27,000
Rent deposit 9,641 9,641
VAT 9,973 18,025
Prepayments 17,545 11,867
1,958,166 1,216,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,259,079 1,100,551
Amounts owed to group undertakings 388,375 383,215
Tax 248,403 84,256
Social security and other taxes 23,803 6,612
Net wages control account - 12,745
Directors' current accounts 9,534 9,534
Accrued expenses 11,827 39,648
1,941,021 1,636,561

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 98,208 99,435
Between one and five years 460,352 466,490
In more than five years 3,866,960 3,959,031
4,425,520 4,524,956

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 21,686 -

Deferred
tax
£   
Charge to Income Statement during year 21,686
Balance at 30 November 2023 21,686

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2022 314,832
Profit for the year 637,774
Dividends (220,000 )
At 30 November 2023 732,606

12. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2023 2022
£    £   
Transfers from related party 5,160 111,992
Amount due to related party 388,375 383,215