Veg Valley Ltd - Accounts

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Registered Number: 12061215

VEG VALLEY LTD

Abridged Accounts

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

Veg Valley Ltd
Contents Page
For the year ended 30 June 2023

Statement of financial position	1
Notes to the financial statements	2

Veg Valley Ltd
Statement of Financial Position
As at 30 June 2023

	2023 £	2022 £
Current assets
Stocks	9,819	473
Debtors	148,593	43,369
Cash at bank and in hand	63,189	30,075
	221,601	73,917
Creditors: amount falling due within one year	(171,354)	(31,168)
Net current assets	50,247	42,749

Total assets less current liabilities	50,247	42,749
Creditors: amount falling due after more than one year	(38,324)	(43,879)
Net assets	11,923	(1,130)

Capital and reserves
Called up share capital	1	1
Profit and loss account	11,922	(1,131)
Shareholder's funds	11,923	(1,130)

For the year ended 30 June 2023 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 year 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 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 to the Registrar of Companies.

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 11 March 2024 and were signed by:

-------------------------------
Jaspreet Singh Kalkat
Director

Veg Valley Ltd
Notes to the Abridged Financial Statements
For the year ended 30 June 2023

General Information

Veg Valley Ltd is a private company, limited by shares, registered in , registration number 12061215, registration address 48 Brent Road, Southall, UB2 5JY.

The presentation currency is £ sterling.

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

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 year was 1 (2022 : 1).