Registered number
08490744
Vita Gottlieb Limited
Filleted Accounts
30 April 2023
Vita Gottlieb Limited
Registered number: 08490744
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 220 220
Tangible assets 4 4,739 6,019
4,959 6,239
Current assets
Cash at bank and in hand 3,654 64
Creditors: amounts falling due within one year 5 (310,320) (243,465)
Net current liabilities (306,666) (243,401)
Total assets less current liabilities (301,707) (237,162)
Creditors: amounts falling due after more than one year 6 (35,715) (40,548)
Net liabilities (337,422) (277,710)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (338,422) (278,710)
Shareholder's funds (337,422) (277,710)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Vita Gottlieb
Director
Approved by the board on 11 April 2024
Vita Gottlieb Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold improvements over the lease term
Equipment, fixtures & fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Grant
The accrual model has been adopted for grants receivable.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Trademark:
Cost
At 1 May 2022 220
At 30 April 2023 220
Amortisation
At 30 April 2023 -
Net book value
At 30 April 2023 220
At 30 April 2022 220
4 Tangible fixed assets
Leasehold Improvements Equipment,
fixtures &
fittings
Total
£ £ £
Cost
At 1 May 2022 24,639 11,603 36,242
At 30 April 2023 24,639 11,603 36,242
Depreciation
At 1 May 2022 20,148 10,075 30,223
Charge for the year 898 382 1,280
At 30 April 2023 21,046 10,457 31,503
Net book value
At 30 April 2023 3,593 1,146 4,739
At 30 April 2022 4,491 1,528 6,019
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,508 6,675
Trade creditors 410 1,040
Other creditors 303,402 235,750
310,320 243,465
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 35,715 40,548
7 Other information
Vita Gottlieb Limited is a private company limited by shares and incorporated in England. Its registered office is:
65 Halliford Street
London
N1 3HF
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