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REGISTERED NUMBER: 04197839















VEG (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VEG (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J A Pitts
S Talling
Miss D Bambridge





REGISTERED OFFICE: Cherry Trees Farm
Hay Hill
Ham
Deal
Kent
CT14 0ED





REGISTERED NUMBER: 04197839





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 182,151 185,507
Investment property 5 1,870,215 1,870,215
2,052,366 2,055,722

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 1,469,497 922,231
Cash at bank and in hand 2,002,676 935,269
3,473,673 1,859,000
CREDITORS
Amounts falling due within one year 7 (2,179,205 ) (1,375,916 )
NET CURRENT ASSETS 1,294,468 483,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,834

2,538,806

PROVISIONS FOR LIABILITIES (6,415 ) (6,415 )
NET ASSETS 3,340,419 2,532,391

CAPITAL AND RESERVES
Called up share capital 5,306 5,306
Retained earnings 3,335,113 2,527,085
SHAREHOLDERS' FUNDS 3,340,419 2,532,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)

BALANCE SHEET - continued
31 MAY 2024


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 25 July 2024 and were signed on its behalf by:





J A Pitts - Director


VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Veg (UK) Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Freehold Fixture & Motor Computer
property Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 72,913 53,805 167,286 10,378 304,382
Additions - 30,395 29,900 - 60,295
Disposals - - (43,000 ) - (43,000 )
At 31 May 2024 72,913 84,200 154,186 10,378 321,677
DEPRECIATION
At 1 June 2023 - 42,244 68,273 8,358 118,875
Charge for year - 8,391 24,254 404 33,049
Eliminated on disposal - - (12,398 ) - (12,398 )
At 31 May 2024 - 50,635 80,129 8,762 139,526
NET BOOK VALUE
At 31 May 2024 72,913 33,565 74,057 1,616 182,151
At 31 May 2023 72,913 11,561 99,013 2,020 185,507

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,870,215
NET BOOK VALUE
At 31 May 2024 1,870,215
At 31 May 2023 1,870,215

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,442,527 902,705
VAT 18,193 10,968
Prepayments 8,777 8,558
1,469,497 922,231

VEG (UK) LIMITED (REGISTERED NUMBER: 04197839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,277,770 843,087
Corporation Tax 370,997 165,999
Social security and other taxes 6,390 -
Sundry creditors - 103,975
Directors' current accounts 63 101,201
Accrued expenses 523,985 161,654
2,179,205 1,375,916