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REGISTERED NUMBER: 12172713 (England and Wales)


M & A Vegetable Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 November 2024






M & A Vegetable Limited (Registered number: 12172713)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


M & A Vegetable Limited

Company Information
for the year ended 30 November 2024







DIRECTOR: Mr U Tasandere





SECRETARY: Mrs S Tasandere





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 12172713 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M & A Vegetable Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M & A Vegetable Limited for the year ended 30 November 2024 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M & A Vegetable Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M & A Vegetable Limited and state those matters that we have agreed to state to the director of M & A Vegetable Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M & A Vegetable Limited and its director for our work or for this report.

It is your duty to ensure that M & A Vegetable Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M & A Vegetable Limited. You consider that M & A Vegetable Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M & A Vegetable Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


18 February 2025

M & A Vegetable Limited (Registered number: 12172713)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 241,637 140,818

CURRENT ASSETS
Inventories 5 123,892 114,777
Debtors 6 2,434,902 1,958,166
Cash at bank and in hand 1,230,470 481,652
3,789,264 2,554,595
CREDITORS
Amounts falling due within one year 7 2,796,309 1,941,021
NET CURRENT ASSETS 992,955 613,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,592

754,392

CREDITORS
Amounts falling due after more than one
year

8

(40,543

)

-

PROVISIONS FOR LIABILITIES 10 (47,172 ) (21,686 )
NET ASSETS 1,146,877 732,706

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 1,146,777 732,606
SHAREHOLDERS' FUNDS 1,146,877 732,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

M & A Vegetable Limited (Registered number: 12172713)

Statement of Financial Position - continued
30 November 2024


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 for the year ended 30 November 2024 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 director and authorised for issue on 18 February 2025 and were signed by:





Mr U Tasandere - Director


M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

M & A Vegetable 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is generated from the ordinary activities of the business and is recognised when the customer takes delivery of the goods. All turnover are derived from sales in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less any additional costs to sell.

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 statement of financial position date.


M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued
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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 19 (2023 - 13 ) .

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 56,327 9,956 137,794 - 204,077
Additions - 17,880 9,500 131,543 158,923
At 30 November 2024 56,327 27,836 147,294 131,543 363,000
DEPRECIATION
At 1 December 2023 2,252 2,489 58,518 - 63,259
Charge for year 1,126 6,337 17,755 32,886 58,104
At 30 November 2024 3,378 8,826 76,273 32,886 121,363
NET BOOK VALUE
At 30 November 2024 52,949 19,010 71,021 98,657 241,637
At 30 November 2023 54,075 7,467 79,276 - 140,818

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 65,085
At 30 November 2024 65,085
DEPRECIATION
Charge for year 16,271
At 30 November 2024 16,271
NET BOOK VALUE
At 30 November 2024 48,814

5. INVENTORIES
2024 2023
£    £   
Finished goods 123,892 114,777

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,358,988 1,921,007
Rent deposit 9,641 9,641
VAT 27,597 9,973
Prepayments 38,676 17,545
2,434,902 1,958,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 8,045 -
Trade creditors 2,032,097 1,259,079
Amounts owed to group undertakings 388,275 388,375
Tax 262,551 248,403
Social security and other taxes 44,653 23,803
Net wages control account 37,139 -
Pensions control account 5,249 -
Directors' current accounts 908 9,534
Accrued expenses 17,392 11,827
2,796,309 1,941,021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 40,543 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,045 -
Between one and five years 40,543 -
48,588 -

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 108,796 98,208
Between one and five years 394,859 460,352
In more than five years 4,146,014 3,866,960
4,649,669 4,425,520

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 47,172 21,686

Deferred
tax
£   
Balance at 1 December 2023 21,686
Charge to Income Statement during year 25,486
Balance at 30 November 2024 47,172

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 December 2023 732,606
Profit for the year 654,171
Dividends (240,000 )
At 30 November 2024 1,146,777

M & A Vegetable Limited (Registered number: 12172713)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

13. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entity

2024 2023
£    £   
Transfers from related party - 5,160
Transfers to related party 100 -
Amount due to related party 388,275 388,375