Vigo Grocery Limited

Vigo Grocery Limited
Contents Page
For the Period 02 January 2025 to 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

Vigo Grocery Limited
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £
Fixed assets
Intangible fixed assets	3	160,000
		160,000
Current assets
Stocks		132,500
Debtors		9,700
Cash at bank and in hand		4,481
		146,681
Creditors: amount falling due within one year		(299,535)
Net current assets		(152,854)

Total assets less current liabilities		7,146
Net assets		7,146

Capital and reserves
Called up share capital		100
Profit and loss account		7,046
Shareholders' funds		7,146

For the period ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 29 September 2026 and were signed by:

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Jeyaraj KUNENTHIRARAJA
Director

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Vigo Grocery Limited
Notes to the Abridged Financial Statements
For the Period 02 January 2025 to 31 January 2026

General Information

Vigo Grocery Limited is a private company, limited by shares, registered in , registration number 16159045, registration address 10 Wingate Close, West Denton, Newcastle Upon Tyne, NE15 7QH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Stocks

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.

2.	Average number of employees Average number of employees during the period was 5.

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 02 January 2025	-	-
Additions	160,000	160,000
Disposals	-	-
At 31 January 2026	160,000	160,000
Amortisation
At 02 January 2025	-	-
Charge for period	-	-
On disposals	-	-
At 31 January 2026	-	-
Net book values
At 31 January 2026	160,000	160,000
At 01 January 2025	-	-

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