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REGISTERED NUMBER: 07045590 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

VITAL ASSIST LTD

VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VITAL ASSIST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Dr M Patterson MBBS DCH





SECRETARY: Dr H F Allan MBBS DCH MRCGP





REGISTERED OFFICE: Suite 1b
1st Floor Marlborough House
348 Lisburn Road
Belfast
Co. Antrim
BT9 6GH





REGISTERED NUMBER: 07045590 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,659 13,324

CURRENT ASSETS
Debtors 6 5,262 2,236
Cash at bank and in hand 7 8,125 2,943
13,387 5,179
CREDITORS
Amounts falling due within one year 8 27,725 23,470
NET CURRENT LIABILITIES (14,338 ) (18,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,679

)

(4,967

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (3,779 ) (5,067 )
SHAREHOLDERS' FUNDS (3,679 ) (4,967 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 18 January 2024 and were signed by:





Dr M Patterson MBBS DCH - Director


VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Vital Assist Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There were no judgment or material estimation uncertainties affecting the reported financial performance in the current or prior year.

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

Turnover is recognised when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover represents the net invoiced sales of cosmetic products excluding value added tax. Turnover is recognised when the goods are despatched to the customer.

VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. ACCOUNTING POLICIES - continued

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 - 20% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation of a tangible fixed asset begins when it is in the location and condition necessary available for the use intended.

Tangible fixed asset depreciation is included in administrative expenses in the Income Statement. The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares.

Taxation
Taxation for the year comprises current 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 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.

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.

Going concern
At the balance sheet date the company had net liabilities. Having considered the cash flow requirements of the company, for a period of at least twelve months from the approval of these financial statements, the director is confident that sufficient financial resources will continue to be made available and that the company will be able to meet its debts as they fall due.

Accordingly these financial statements have been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 October 2022
and 30 September 2023 30,917
DEPRECIATION
At 1 October 2022 17,593
Charge for year 2,665
At 30 September 2023 20,258
NET BOOK VALUE
At 30 September 2023 10,659
At 30 September 2022 13,324

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,612 1,658
Other debtors 650 578
5,262 2,236

7. CASH AT BANK AND IN HAND
2023 2022
£    £   
Bank account 7,968 2,786
Cash in hand 157 157
8,125 2,943

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,625 1,632
Amounts owed to group undertakings 1,500 3,000
Amounts owed to related parties 18,834 16,246
Taxation and social security 3,951 1,732
Other creditors 1,815 860
27,725 23,470

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

VITAL ASSIST LTD (REGISTERED NUMBER: 07045590)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separate from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions payable to the fund at the year end by the company and included in other creditors are £Nil (2022:£Nil).

20232022
££

Contributions payable by the company for the year624676

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the balance sheet date is an amount of £Nil (2022: £Nil) due to the director of the company.

12. RELATED PARTY DISCLOSURES

Other related parties

2023 2022
£ £
Purchases from a related party 104,893 111,065
Net amount due to related party 18,834 16,246

The amounts shown above concern transactions with another company in which Dr H F Allan and Dr M Patterson are directors and have a controlling interest.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Woodford Medical Limited.

The ultimate controlling parties are M Patterson and H F Allan by virtue of their shareholding in Woodford Medical Limited.