Registered number
10101240
La Vita Ltd
Report and Accounts
30 April 2024
La Vita Ltd
Registered number: 10101240
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 135,000 135,000
Tangible assets 4 31,014 31,014
166,014 166,014
Current assets
Debtors 5 431,829 457,266
Cash at bank and in hand 115,424 120,946
547,253 578,212
Creditors: amounts falling due within one year 6 (64,129) (100,265)
Net current assets 483,124 477,947
Total assets less current liabilities 649,138 643,961
Creditors: amounts falling due after more than one year 7 (15,413) (16,999)
Net assets 633,725 626,962
Capital and reserves
Called up share capital 1 1
Profit and loss account 633,724 626,961
Shareholders' funds 633,725 626,962
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 members have 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.
Karim Yazdani
Director
Approved by the board on 3 September 2024
La Vita Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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 , as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% reduction on reducing balance
Fixtures, fittings, tools and equipment 20% reduction on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 14
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 135,000
At 30 April 2024 135,000
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 135,000
At 30 April 2023 135,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 49,853 33,000 82,853
At 30 April 2024 49,853 33,000 82,853
Depreciation
At 1 May 2023 30,329 21,510 51,839
At 30 April 2024 30,329 21,510 51,839
Net book value
At 30 April 2024 19,524 11,490 31,014
At 30 April 2023 19,524 11,490 31,014
5 Debtors 2024 2023
£ £
Other debtors 431,829 457,266
6 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,799 6,799
Trade creditors 55,744 55,179
Corporation tax 1,586 14,637
Other taxes and social security costs - 23,650
64,129 100,265
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 15,413 16,999
8 Related party transactions
Included in other debtors at the year end is amount of £219,250 due from K&Y Property Ltd, where director has material interest.

Included in other debtors at the year end is amount of £213,000 due from directors. Interest has been charged on overdrawn amount.
9 Other information
La Vita Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 WESTMORELAND HOUSE
CUMBERLAND PARK
LONDON
NW10 6RE
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