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Registration number: 03526142

Vitrition UK Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Vitrition UK Ltd

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 6

 

Vitrition UK Ltd

(Registration number: 03526142)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

118,204

57,423

Current assets

 

Stocks

378,169

218,150

Debtors

5

459,508

1,303,247

Cash at bank and in hand

 

705,533

482,410

 

1,543,210

2,003,807

Creditors: Amounts falling due within one year

6

(511,344)

(677,378)

Net current assets

 

1,031,866

1,326,429

Total assets less current liabilities

 

1,150,070

1,383,852

Creditors: Amounts falling due after more than one year

6

(153,023)

(130,770)

Provisions for liabilities

(21,914)

(10,225)

Net assets

 

975,133

1,242,857

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

975,131

1,242,855

Total equity

 

975,133

1,242,857

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 September 2024
 

 

Vitrition UK Ltd

(Registration number: 03526142)
Balance Sheet as at 31 December 2023

.........................................
Ms Clare Campbell
Director

 

Vitrition UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 26
Victoria Spring Business Park
Wormald Street
Liversedge
WF15 6RA

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on cost

Fixtures and fittings

25% & 50% on cost

Land and buildings

15% & 20% on cost (fully written off)

Motor Vehicle

25% on cost

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 45 (2022 - 47).

 

Vitrition UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

43,491

174,386

-

852,482

1,070,359

Additions

-

15,051

7,045

153,796

175,892

Disposals

-

(13,356)

-

(9,550)

(22,906)

At 31 December 2023

43,491

176,081

7,045

996,728

1,223,345

Depreciation

At 1 January 2023

43,491

131,518

-

837,927

1,012,936

Charge for the year

-

16,125

1,027

97,964

115,116

Eliminated on disposal

-

(13,361)

-

(9,550)

(22,911)

At 31 December 2023

43,491

134,282

1,027

926,341

1,105,141

Carrying amount

At 31 December 2023

-

41,799

6,018

70,387

118,204

At 31 December 2022

-

42,868

-

14,555

57,423

 

Vitrition UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

26,229

684,103

Other debtors

433,279

619,144

 

459,508

1,303,247

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

83,506

59,100

Trade creditors

 

301,415

290,327

Taxation and social security

 

84,906

138,022

Other creditors

 

41,517

189,929

 

511,344

677,378

 

Vitrition UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

153,023

130,770

7 Operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023
 £

2022
 £

Not later than one year

202,464

157,288

Later than one year and not later than five years

153,023

130,770

355,487

288,058

8

Related party transactions

Summary of transactions with parent

Health Innovation (UK) Ltd
 (Parent Company)
 During the year Vitrition UK Ltd made sales of £Nil (2022 - £58,940) to Health Innovation (UK) Ltd. During the year dividend of £Nil (2022 - £550,000) was paid to Health Innovation (UK) Ltd. At the balance sheet date the amount due to Health Innovation (UK) Ltd was £Nil (2022 - £Nil).