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REGISTERED NUMBER: 10217838 (England and Wales)

























Financial Statements

for the Year Ended 30 June 2023

for

Vida Technologies Limited

Vida Technologies Limited (Registered number: 10217838)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vida Technologies Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: C Basavaraj
M Sunkara





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 10217838 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Vida Technologies Limited (Registered number: 10217838)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210 640
Investments 5 - 100
210 740

CURRENT ASSETS
Debtors 6 114,930 94,634
Cash at bank 25,123 570
140,053 95,204
CREDITORS
Amounts falling due within one year 7 238,832 190,640
NET CURRENT LIABILITIES (98,779 ) (95,436 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(98,569

)

(94,696

)

CREDITORS
Amounts falling due after more than one
year

8

245,783

260,541
NET LIABILITIES (344,352 ) (355,237 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (344,452 ) (355,337 )
SHAREHOLDERS' FUNDS (344,352 ) (355,237 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Vida Technologies Limited (Registered number: 10217838)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:




C Basavaraj - Director



M Sunkara - Director


Vida Technologies Limited (Registered number: 10217838)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Vida Technologies 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Vida Technologies Limited (Registered number: 10217838)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 3,872
DEPRECIATION
At 1 July 2022 3,232
Charge for year 430
At 30 June 2023 3,662
NET BOOK VALUE
At 30 June 2023 210
At 30 June 2022 640

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022 100
Disposals (100 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 5,000
Other debtors 114,930 89,634
114,930 94,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 25,355 4,874
Directors' current accounts 211,597 184,556
Accrued expenses 1,880 1,210
238,832 190,640

Vida Technologies Limited (Registered number: 10217838)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 35,242 50,000
Directors' loan accounts 210,541 210,541
245,783 260,541

Mr Madhusudan Sunkara Nagaraja and Mr Chirag Basavaraj invested a total £210,541 into the company on the 13 February 2019 by way of a joint directors loan.

The loan is repayable on the 15th February 2025.

The company is not required to pay any interest on the loan.