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REGISTERED NUMBER: 07226844 (England and Wales)
























Financial Statements

for the Year Ended 31 December 2023

for

VEGTRUG LIMITED

VEGTRUG LIMITED (REGISTERED NUMBER: 07226844)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


VEGTRUG LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: P M Owen
R Utsumi
H Sogawa
A Inoue
R Diaper-Stockley





REGISTERED OFFICE: VegTrug Limited
2B Wyncolls Road
Severalls Business Park
Colchester
Essex
CO4 9HU





REGISTERED NUMBER: 07226844 (England and Wales)





AUDITORS: Trevor Jones & Partners Ltd
Statutory Auditor
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

VEGTRUG LIMITED (REGISTERED NUMBER: 07226844)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,569 4,940
Tangible assets 5 219,588 295,192
Investments 6 - 1,100,000
224,157 1,400,132

CURRENT ASSETS
Stocks 2,924,452 3,954,537
Debtors 556,090 619,470
Cash at bank 367,846 335,201
3,848,388 4,909,208
CREDITORS
Amounts falling due within one year 2,953,083 2,006,577
NET CURRENT ASSETS 895,305 2,902,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,119,462

4,302,763

CREDITORS
Amounts falling due after more than one year 4,016,346 4,158,847
NET (LIABILITIES)/ASSETS (2,896,884 ) 143,916

CAPITAL AND RESERVES
Called up share capital 1,995,196 1,995,196
Retained earnings (4,892,080 ) (1,851,280 )
SHAREHOLDERS' FUNDS (2,896,884 ) 143,916

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 and an abridged Balance Sheet for the year ended 31 December 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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




P M Owen - Director


VEGTRUG LIMITED (REGISTERED NUMBER: 07226844)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Vegtrug 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.

The accounts have been prepared on the going concern basis. This is dependent on the continued support of the parent company and there is no indication that this financial support will be removed.

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

Intangible 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.

Patents and licences are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

VEGTRUG LIMITED (REGISTERED NUMBER: 07226844)

Notes to the Financial Statements - continued
for the year ended 31 December 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 17 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 9,261
AMORTISATION
At 1 January 2023 4,321
Amortisation for year 371
At 31 December 2023 4,692
NET BOOK VALUE

At 31 December 2023 4,569
At 31 December 2022 4,940

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 502,056
Additions 5,088
Disposals (23,690 )
At 31 December 2023 483,454
DEPRECIATION
At 1 January 2023 206,864
Charge for year 74,602
Eliminated on disposal (17,600 )
At 31 December 2023 263,866
NET BOOK VALUE
At 31 December 2023 219,588
At 31 December 2022 295,192

VEGTRUG LIMITED (REGISTERED NUMBER: 07226844)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023 1,100,000
Impairments (1,100,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 1,100,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rob Laurella (Senior Statutory Auditor)
for and on behalf of Trevor Jones & Partners Ltd

8. RELATED PARTY DISCLOSURES

Included within Creditors:Amounts falling due after more than one year is a loan from Taksho Company Limited, the parent company, amounting to £4,016,346. This loan is not payable on demand and interest is charged at 2% per annum.