IRIS Accounts Production v24.2.0.383 08644546 director 29.11.22 28.11.23 28.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086445462022-11-28086445462023-11-28086445462022-11-292023-11-28086445462021-11-28086445462021-11-292022-11-28086445462022-11-2808644546ns15:EnglandWales2022-11-292023-11-2808644546ns14:PoundSterling2022-11-292023-11-2808644546ns10:Director12022-11-292023-11-2808644546ns10:PrivateLimitedCompanyLtd2022-11-292023-11-2808644546ns10:SmallEntities2022-11-292023-11-2808644546ns10:AuditExempt-NoAccountantsReport2022-11-292023-11-2808644546ns10:SmallCompaniesRegimeForDirectorsReport2022-11-292023-11-2808644546ns10:SmallCompaniesRegimeForAccounts2022-11-292023-11-2808644546ns10:FullAccounts2022-11-292023-11-2808644546ns10:RegisteredOffice2022-11-292023-11-2808644546ns5:CurrentFinancialInstruments2023-11-2808644546ns5:CurrentFinancialInstruments2022-11-2808644546ns5:Non-currentFinancialInstruments2023-11-2808644546ns5:Non-currentFinancialInstruments2022-11-2808644546ns5:ShareCapital2023-11-2808644546ns5:ShareCapital2022-11-2808644546ns5:RetainedEarningsAccumulatedLosses2023-11-2808644546ns5:RetainedEarningsAccumulatedLosses2022-11-2808644546ns5:LeaseholdImprovements2022-11-2808644546ns5:FurnitureFittings2022-11-2808644546ns5:MotorVehicles2022-11-2808644546ns5:LeaseholdImprovements2022-11-292023-11-2808644546ns5:FurnitureFittings2022-11-292023-11-2808644546ns5:MotorVehicles2022-11-292023-11-2808644546ns5:LeaseholdImprovements2023-11-2808644546ns5:FurnitureFittings2023-11-2808644546ns5:MotorVehicles2023-11-2808644546ns5:LeaseholdImprovements2022-11-2808644546ns5:FurnitureFittings2022-11-2808644546ns5:MotorVehicles2022-11-2808644546ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-2808644546ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-2808644546ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-11-2808644546ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-2808644546ns5:AcceleratedTaxDepreciationDeferredTax2023-11-2808644546ns5:AcceleratedTaxDepreciationDeferredTax2022-11-2808644546ns5:DeferredTaxation2022-11-2808644546ns5:DeferredTaxation2022-11-292023-11-2808644546ns5:DeferredTaxation2023-11-28
REGISTERED NUMBER: 08644546 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 28 November 2023

for

GEORGIO'S VEG PREP LIMITED

GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)






Contents of the Financial Statements
for the Year Ended 28 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GEORGIO'S VEG PREP LIMITED

Company Information
for the Year Ended 28 November 2023







DIRECTOR: A Georgiou



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 08644546 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Cynergy Bank
PO Box 17484
87 Chase Side
London
N14 5WH

GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)

Statement of Financial Position
28 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,837 39,902

CURRENT ASSETS
Stocks 5,543 5,111
Debtors 5 13,097 14,319
Cash at bank and in hand 64,661 49,928
83,301 69,358
CREDITORS
Amounts falling due within one year 6 42,979 25,727
NET CURRENT ASSETS 40,322 43,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,159

83,533

CREDITORS
Amounts falling due after more than one
year

7

(40,093

)

(45,034

)

PROVISIONS FOR LIABILITIES 8 (6,239 ) (7,581 )
NET ASSETS 26,827 30,918

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 25,827 29,918
SHAREHOLDERS' FUNDS 26,827 30,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 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.

GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)

Statement of Financial Position - continued
28 November 2023


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 director and authorised for issue on 23 August 2024 and were signed by:





A Georgiou - Director


GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)

Notes to the Financial Statements
for the Year Ended 28 November 2023

1. STATUTORY INFORMATION

Georgio's Veg Prep 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.

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.
Fixtures and fittings - 20% on reducing balance
Improvements - 10% on reducing balance
Motor vehicles - 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.

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.

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 12 (2022 - 16 ) .

GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 29 November 2022
and 28 November 2023 18,130 77,616 27,850 123,596
DEPRECIATION
At 29 November 2022 7,424 51,517 24,753 83,694
Charge for year 1,071 5,220 774 7,065
At 28 November 2023 8,495 56,737 25,527 90,759
NET BOOK VALUE
At 28 November 2023 9,635 20,879 2,323 32,837
At 28 November 2022 10,706 26,099 3,097 39,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,421 9,040
VAT 2,886 2,672
Prepayments 1,790 2,607
13,097 14,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 25,080 15,512
Tax 6,716 4,994
Other creditors 8,412 3,834
Directors' current accounts 252 239
Accrued expenses 2,519 1,148
42,979 25,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 40,093 45,034

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 7,581 8,850
Deferred tax (1,342 ) (1,269 )
6,239 7,581

GEORGIO'S VEG PREP LIMITED (REGISTERED NUMBER: 08644546)

Notes to the Financial Statements - continued
for the Year Ended 28 November 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 29 November 2022 7,581
Credit to Income Statement during year (1,342 )
Balance at 28 November 2023 6,239

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Georgiou.