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Company No: 11179134 (England and Wales)

# VEGEVILO LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

VEGEVILO LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

VEGEVILO LTD

## COMPANY INFORMATION

For the financial year ended 31 March 2025
VEGEVILO LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | Vaia Gkatzioufa
| Maria Dolores Torres Pedrosa

REGISTERED OFFICE | St Nicholas Market
| Wine Street
| Bristol
| BS1 1JQ
| United Kingdom

COMPANY NUMBER | 11179134 (England and Wales)

ACCOUNTANT | Corrigan Accountants Limited
| 1st Floor
| 25 King Street
| Bristol
| BS1 4PB

VEGEVILO LTD

## BALANCE SHEET

As at 31 March 2025
VEGEVILO LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 4,800 |  | 6,400
Tangible assets | 4 | 1,379 |  | 1,107
|  | 6,179 |  | 7,507
Current assets |  |  |  |
Stocks | 5 | 2,150 |  | 1,300
Debtors | 6 | 443 |  | 388
Cash at bank and in hand | 7 | 1,461 |  | 4,439
|  | 4,054 |  | 6,127
Creditors: amounts falling due within one year | 8 | ( 15,523) |  | ( 24,812)
Net current liabilities |  | (11,469) |  | (18,685)
Total assets less current liabilities |  | (5,290) |  | (11,178)
Net liabilities |  | ( 5,290) |  | ( 11,178)
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Profit and loss account |  | ( 5,390 ) |  | ( 11,278 )
Total shareholders' deficit |  | ( 5,290) |  | ( 11,178)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Vegevilo Ltd (registered number: 11179134) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

Vaia Gkatzioufa Director |

VEGEVILO LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
VEGEVILO LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Vegevilo Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is St Nicholas Market, Wine Street, Bristol, BS1 1JQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. The directors have indicated their willingness to continue to support the company and accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 16,000 |  | 16,000
At 31 March 2025 | 16,000 |  | 16,000
Accumulated amortisation |  |  |
At 01 April 2024 | 9,600 |  | 9,600
Charge for the financial year | 1,600 |  | 1,600
At 31 March 2025 | 11,200 |  | 11,200
Net book value |  |  |
At 31 March 2025 | 4,800 |  | 4,800
At 31 March 2024 | 6,400 |  | 6,400

#### 4. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 11,131 |  | 11,131
Additions | 700 |  | 700
At 31 March 2025 | 11,831 |  | 11,831
Accumulated depreciation |  |  |
At 01 April 2024 | 10,024 |  | 10,024
Charge for the financial year | 428 |  | 428
At 31 March 2025 | 10,452 |  | 10,452
Net book value |  |  |
At 31 March 2025 | 1,379 |  | 1,379
At 31 March 2024 | 1,107 |  | 1,107

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 2,150 |  | 1,300

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 443 |  | 388

#### 7. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 1,461 |  | 4,439

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 698 |  | 210
Amounts owed to directors | 5,721 |  | 20,277
Accruals | 2,200 |  | 2,200
Taxation and social security | 6,904 |  | 2,125
| 15,523 |  | 24,812

The directors' loan accounts are interest free, unsecured and repayable on demand.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating lease | 1,056 |  | 692