2023-05-01 05405744 2024-04-30 05405744 2023-05-01 2024-04-30 05405744 2023-04-30 05405744 2022-05-01 2023-04-30 05405744 uk-core:WithinOneYear 2023-04-30 05405744 uk-core:WithinOneYear 2024-04-30 05405744 uk-core:AfterOneYear 2023-04-30 05405744 uk-core:AfterOneYear 2024-04-30 05405744 uk-core:ShareCapital 2024-04-30 05405744 uk-core:ShareCapital 2023-04-30 05405744 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 05405744 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 05405744 uk-bus:Director1 2023-05-01 2024-04-30 05405744 uk-core:PlantMachinery 2023-05-01 2024-04-30 05405744 uk-core:ToolsEquipment 2023-05-01 2024-04-30 05405744 uk-core:MotorVehicles 2023-05-01 2024-04-30 05405744 uk-core:FurnitureFittings 2023-05-01 2024-04-30 05405744 uk-core:ToolsEquipment 2023-04-30 05405744 uk-core:FurnitureFittings 2023-04-30 05405744 uk-core:MotorVehicles 2023-04-30 05405744 uk-core:PlantMachinery 2023-04-30 05405744 uk-core:CommunicationNetworkEquipment 2023-04-30 05405744 uk-core:CommunicationNetworkEquipment 2023-05-01 2024-04-30 05405744 uk-core:CommunicationNetworkEquipment 2024-04-30 05405744 uk-core:MotorVehicles 2024-04-30 05405744 uk-core:FurnitureFittings 2024-04-30 05405744 uk-core:ToolsEquipment 2024-04-30 05405744 uk-core:PlantMachinery 2024-04-30 05405744 uk-core:CostValuation 2023-04-30 05405744 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-04-30 05405744 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-04-30 05405744 uk-core:CostValuation 2024-04-30 05405744 uk-core:Non-currentFinancialInstruments 2024-04-30 05405744 uk-core:Non-currentFinancialInstruments 2023-04-30 iso4217:GBP xbrli:pure 05405744 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05405744 uk-bus:FRS102 2023-05-01 2024-04-30 05405744 uk-bus:FilletedAccounts 2023-05-01 2024-04-30 05405744 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Vegetable Oil Management Ltd
Registered Number:05405744
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Vegetable Oil Management Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05405744
As at 30 April 2024
Vegetable Oil Management Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
825,647
674,354
2
Financial assets
40,000
40,000
3
865,647
714,354
Current assets
Inventories
59,850
56,280
4
Trade and other receivables
1,193,142
995,560
5
680,063
Cash and cash equivalents
136,434
1,188,274
1,933,055
Trade and other payables: amounts falling due within one
year
(1,113,967)
(738,110)
6
819,088
450,164
Net current assets
Total assets less current liabilities
1,315,811
1,533,442
Trade and other payables: amounts falling due after more
than one year
(26,550)
(16,453)
7
(126,329)
(88,491)
Provisions for liabilities
1,173,029
Net assets
1,418,401
Capital and reserves
Called up share capital
100
100
Retained earnings
1,172,929
1,418,301
1,173,029
1,418,401
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05405744
For the year ended 30 April 2024
Vegetable Oil Management Ltd
Statement of Financial Position Continued
P Yates Director
These financial statements were approved and authorised for issue by the Board on 25 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 April 2024
Vegetable Oil Management Ltd
Notes to the Financial Statements
Statutory Information
Vegetable Oil Management Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05405744.
Principal place of business:
Warburton House
Glebe Street
Oldham
Lancashire
OL2 7SF
Registered address:
Lane End Farm
Hopwood
Heywood
Lancashire
OL10 2JE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
25% per annum on cost
Computer equipment
25% per annum on cost
Motor vehicles
25% per annum on cost
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 April 2024
Vegetable Oil Management Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or
valuation
At 01 May 2023
1,719,363
41,597
50,386
933,817
374,123
319,440
301,276
918
1,538
282,332
16,488
-
Additions
-
-
(163,481)
-
-
Disposals
(163,481)
At 30 April 2024
319,440
1,052,668
51,924
42,515
1,857,158
390,611
Provision for depreciation and impairment
At 01 May 2023
1,045,009
37,849
41,042
763,486
202,632
-
Charge for year
149,983
1,843
4,212
115,732
28,196
-
(163,481)
-
-
(163,481)
-
-
On disposal
At 30 April 2024
1,031,511
39,692
45,254
715,737
230,828
-
At 30 April 2024
Net book value
319,440
159,783
336,931
6,670
2,823
825,647
319,440
171,491
170,331
9,344
3,748
674,354
At 30 April 2023
3. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 May 2023
40,000
40,000
Cost
£
£
At 30 April 2024
40,000
40,000
At 30 April 2024
Net book value
40,000
40,000
At 01 May 2023
40,000
40,000
4. Inventories
2023
2024
£
£
Stocks
56,280
59,850
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7
For the year ended 30 April 2024
Vegetable Oil Management Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
826,328
1,109,494
Other debtors
169,232
83,648
1,193,142
995,560
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
612,623
891,370
Taxation and social security
61,569
159,473
Other creditors
63,918
63,124
738,110
1,113,967
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
16,453
26,550
8. Average number of persons employed
During the year the average number of employees was 40 (2023 : 40)
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