VITA LIBERATA LIMITED

Company Registration Number:
NI046592 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

VITA LIBERATA LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

VITA LIBERATA LIMITED

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 15,656 39,140
Total fixed assets: 15,656 39,140
Current assets
Stocks: 2,544,874 2,416,730
Debtors: 4 344,294 957,318
Cash at bank and in hand: 358,827 400,018
Total current assets: 3,247,995 3,774,066
Creditors: amounts falling due within one year: 5 (17,896,541) (15,346,802)
Net current assets (liabilities): (14,648,546) (11,572,736)
Total assets less current liabilities: (14,632,890) (11,533,596)
Total net assets (liabilities): (14,632,890) (11,533,596)
Capital and reserves
Called up share capital: 379,817 379,817
Share premium account: 1,754,179 1,754,179
Other reserves: 5,069,249 5,069,249
Profit and loss account: (21,836,135) (18,736,841)
Shareholders funds: (14,632,890) (11,533,596)

The notes form part of these financial statements

VITA LIBERATA LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 October 2023
and signed on behalf of the board by:

Name: J Bedard
Status: Director

The notes form part of these financial statements

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 30 27

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 117,421
At 31 December 2022 117,421
Depreciation
At 01 January 2022 78,281
Charge for year 23,484
At 31 December 2022 101,765
Net book value
At 31 December 2022 15,656
At 31 December 2021 39,140

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

Trade Debtors 2022 - 294,062; 2021 - 608,685; VAT and GST/HST Receivable 2022 - (58,984); 2021 - 114,279; Other Debtors 2022 - 109,216; 2021 - 234,354

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

Trade Creditors 2022 - 544,734; 2021 - 383,953; Taxation and Social Security Costs 2022 - 185,900; 2021 - 310,180; Other Creditors 2022 - 17,093,170; 2021 - 13,924,935; Accruals 2022 - 72,737; 2021 - 727,734

VITA LIBERATA LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Related party transactions

Name of the related party:
Relationship:
Sister company
Description of the Transaction: The Company has an outstanding balance due to a sister company for the payment of expenses on the company's behalf by the sister company.
£
Balance at 01 January 2022 971,486
Balance at 31 December 2022 1,108,698