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REGISTERED NUMBER: 09739753 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

VITAL AUTO LTD

VITAL AUTO LTD (REGISTERED NUMBER: 09739753)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VITAL AUTO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J Molloy
A Shaw
R Toal
N Ewin





REGISTERED OFFICE: 1&2 Mercia Business Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 09739753 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

VITAL AUTO LTD (REGISTERED NUMBER: 09739753)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,444 281,967

CURRENT ASSETS
Debtors 5 541,130 365,652
Cash at bank and in hand 353,086 469,097
894,216 834,749
CREDITORS
Amounts falling due within one year 6 543,102 731,561
NET CURRENT ASSETS 351,114 103,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

551,558

385,155

CREDITORS
Amounts falling due after more than one
year

7

(118,655

)

(166,706

)

PROVISIONS FOR LIABILITIES - (29,623 )
NET ASSETS 432,903 188,826

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 8 432,897 188,820
432,903 188,826

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 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.

VITAL AUTO LTD (REGISTERED NUMBER: 09739753)

BALANCE SHEET - continued
30 SEPTEMBER 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 9 September 2024 and were signed on its behalf by:





J Molloy - Director


VITAL AUTO LTD (REGISTERED NUMBER: 09739753)

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

1. STATUTORY INFORMATION

Vital Auto 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 (£).


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 - Straight line over 10 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 5 years
Computer equipment - Straight line over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

VITAL AUTO LTD (REGISTERED NUMBER: 09739753)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 679,447 32,712 174,852 9,915 896,926
Additions 11,150 - - - 11,150
At 30 September 2023 690,597 32,712 174,852 9,915 908,076
DEPRECIATION
At 1 October 2022 522,256 28,816 55,624 8,263 614,959
Charge for year 76,873 1,299 13,675 826 92,673
At 30 September 2023 599,129 30,115 69,299 9,089 707,632
NET BOOK VALUE
At 30 September 2023 91,468 2,597 105,553 826 200,444
At 30 September 2022 157,191 3,896 119,228 1,652 281,967

Included in the net book value of motor vehicles is an amount of £105,553 in respect of assets held under hire purchase contracts. The depreciation charged on these assets during the year amounted to £13,675.
Included in the net book value of plant and machinery is an amount of £69,638 in respect of assets held under hire purchase contracts. The depreciation charged on these assets during the year amounted to £40,542.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 372,611 348,932
Other debtors 24,595 16,720
Tax 68,529 -
Prepayments 75,395 -
541,130 365,652

VITAL AUTO LTD (REGISTERED NUMBER: 09739753)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,727 22,727
Hire purchase contracts 59,411 84,776
Trade creditors 267,523 235,472
Corporation tax - 39,374
Social security and other taxes 14,349 14,074
Wages Control 906 -
Pension Control 2,722 2,404
VAT 141,989 121,885
Other creditors 12,599 24,253
Directors' current accounts 131 595
Accrued expenses 20,745 186,001
543,102 731,561

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 45,454 45,454
Bank loans - 2-5 years - 22,728
Hire purchase contracts 73,201 98,524
118,655 166,706

8. RESERVES
Retained
earnings
£   

At 1 October 2022 188,820
Profit for the year 488,577
Dividends (244,500 )
At 30 September 2023 432,897