Registered number
13938078
THE VEG LORD LTD
Filleted Accounts
28 February 2024
THE VEG LORD LTD
Registered number: 13938078
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,110 14,198
Current assets
Stocks 1,000 1,000
Debtors 4 1,160 -
Cash at bank and in hand 5,179 605
7,339 1,605
Creditors: amounts falling due within one year 5 (32,030) (31,026)
Net current liabilities (24,691) (29,421)
Net liabilities (11,581) (15,223)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,582) (15,224)
Shareholders' funds (11,581) (15,223)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Gilmartin
Director
Approved by the board on 14 November 2024
THE VEG LORD LTD
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 2,940 15,795 18,735
Additions 2,929 - 2,929
At 28 February 2024 5,869 15,795 21,664
Depreciation
At 1 March 2023 588 3,949 4,537
Charge for the year 1,056 2,961 4,017
At 28 February 2024 1,644 6,910 8,554
Net book value
At 28 February 2024 4,225 8,885 13,110
At 28 February 2023 2,352 11,846 14,198
4 Debtors 2024 2023
£ £
Trade debtors 1,160 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (1,496) (5,214)
Director's Account 32,208 35,590
Accruals 1,200 650
Other creditors 118 -
32,030 31,026
6 Other information
THE VEG LORD LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit W1c Warmco Industrial Estate
Manchester Road
Mossley
Lancashire
OL5 9AY
THE VEG LORD LTD 13938078 false 2023-03-01 2024-02-28 2024-02-28 VT Final Accounts July 2024 M Gilmartin No description of principal activity 13938078 2022-02-24 2023-02-28 13938078 core:WithinOneYear 2023-02-28 13938078 core:ShareCapital 2023-02-28 13938078 core:RetainedEarningsAccumulatedLosses 2023-02-28 13938078 2023-03-01 2024-02-28 13938078 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13938078 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 13938078 bus:Director40 2023-03-01 2024-02-28 13938078 1 2023-03-01 2024-02-28 13938078 2 2023-03-01 2024-02-28 13938078 core:PlantMachinery 2023-03-01 2024-02-28 13938078 core:Vehicles 2023-03-01 2024-02-28 13938078 countries:England 2023-03-01 2024-02-28 13938078 bus:FRS102 2023-03-01 2024-02-28 13938078 bus:FilletedAccounts 2023-03-01 2024-02-28 13938078 2024-02-28 13938078 core:WithinOneYear 2024-02-28 13938078 core:ShareCapital 2024-02-28 13938078 core:RetainedEarningsAccumulatedLosses 2024-02-28 13938078 core:PlantMachinery 2024-02-28 13938078 core:Vehicles 2024-02-28 13938078 2023-02-28 13938078 core:PlantMachinery 2023-02-28 13938078 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure