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REGISTERED NUMBER: 07029646 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Veggie Planet Limited

Veggie Planet Limited (Registered number: 07029646)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Veggie Planet Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D J Hyatt





REGISTERED OFFICE: Thatcher House
12 Mount Ephraim Road
Tunbridge Wells
Kent
TN4 8AS





REGISTERED NUMBER: 07029646 (England and Wales)





ACCOUNTANTS: Ward Mackenzie Ltd
Chartered Accountants
Thatcher House
12 Mount Ephraim
Tunbridge Wells
Kent
TN4 8AS

Veggie Planet Limited (Registered number: 07029646)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,684 2,301
1,684 2,301

CURRENT ASSETS
Stocks 6 500 500
Cash at bank 83,073 81,740
83,573 82,240
CREDITORS
Amounts falling due within one year 7 (133,506 ) (133,964 )
NET CURRENT LIABILITIES (49,933 ) (51,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(48,249

)

(49,423

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (48,250 ) (49,424 )
SHAREHOLDERS' FUNDS (48,249 ) (49,423 )

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

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

Veggie Planet Limited (Registered number: 07029646)

Balance Sheet - continued
30 September 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 director and authorised for issue on 23 January 2025 and were signed by:





D J Hyatt - Director


Veggie Planet Limited (Registered number: 07029646)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Veggie Planet 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
Turnover represents gross sales of goods.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% 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.

DEFERRED TAX
Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

Veggie Planet Limited (Registered number: 07029646)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 70,500
AMORTISATION
At 1 October 2023
and 30 September 2024 70,500
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 7,303 8,150 618 16,071
Disposals (550 ) - - (550 )
At 30 September 2024 6,753 8,150 618 15,521
DEPRECIATION
At 1 October 2023 6,850 6,515 405 13,770
Charge for year 113 409 54 576
Eliminated on disposal (509 ) - - (509 )
At 30 September 2024 6,454 6,924 459 13,837
NET BOOK VALUE
At 30 September 2024 299 1,226 159 1,684
At 30 September 2023 453 1,635 213 2,301

6. STOCKS
2024 2023
£    £   
Stocks 500 500

Veggie Planet Limited (Registered number: 07029646)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 454 1,524
Directors' current accounts 131,570 131,042
Accrued expenses 1,482 1,398
133,506 133,964

The directors consider the carrying amounts of current liabilities approximate to their fair values.

8. RESERVES
Retained
earnings
£   

At 1 October 2023 (49,424 )
Profit for the year 1,174
At 30 September 2024 (48,250 )

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D J Hyatt
Balance outstanding at start of year (131,042 ) (133,207 )
Amounts advanced 1,664 4,336
Amounts repaid (2,192 ) (2,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (131,570 ) (131,042 )

10. GOING CONCERN

The accounts have been prepared on a going concern basis. The director will continue to support the company.