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Registered number: 12611195
VITA NOVA INTERIORS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hookins Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12611195
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,666 3,525
2,666 3,525
CURRENT ASSETS
Stocks 5 5,579 6,099
Debtors 6 13,603 18,053
Cash at bank and in hand 24,986 57,851
44,168 82,003
Creditors: Amounts Falling Due Within One Year 7 (40,044 ) (82,281 )
NET CURRENT ASSETS (LIABILITIES) 4,124 (278 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,790 3,247
NET ASSETS 6,790 3,247
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 6,690 3,147
SHAREHOLDERS' FUNDS 6,790 3,247
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C Cross
Director
19/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
VITA NOVA INTERIORS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12611195 . The registered office is 4 Coresbrook Way, Knaphill, Woking, Surrey, GU21 2TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 5,000 784 150 5,934
As at 31 March 2024 5,000 784 150 5,934
Depreciation
As at 1 April 2023 2,000 343 66 2,409
Provided during the period 750 88 21 859
As at 31 March 2024 2,750 431 87 3,268
Net Book Value
As at 31 March 2024 2,250 353 63 2,666
As at 1 April 2023 3,000 441 84 3,525
5. Stocks
2024 2023
£ £
Stock 5,579 6,099
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,228 18,053
Other debtors 6,375 -
13,603 18,053
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,716 7,415
Corporation tax 19,830 16,386
Other taxes and social security 741 60
VAT 2,095 7,945
Income in advance 5,190 50,186
Accruals 1,472 289
40,044 82,281
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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