Registered number
08884193
Intravita International Limited
Filleted Accounts
31 March 2024
Intravita International Limited
Registered number: 08884193
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 3,300 6,600
Tangible assets 4 640,365 631,205
643,665 637,805
Current assets
Stocks 175,762 190,821
Debtors 5 14,894 14,155
Investments held as current assets 6 85,309 48,828
Cash at bank and in hand 205 207
276,170 254,011
Creditors: amounts falling due within one year 7 (478,089) (365,129)
Net current liabilities (201,919) (111,118)
Total assets less current liabilities 441,746 526,687
Creditors: amounts falling due after more than one year 8 (289,275) (297,035)
Provisions for liabilities (51,277) (37,752)
Net assets 101,194 191,900
Capital and reserves
Called up share capital 300 300
Profit and loss account 100,894 191,600
Shareholders' funds 101,194 191,900
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.
V. Otto
Director
Approved by the board on 26 September 2024
Intravita International Limited
Notes to the Accounts
for the year ended 31 March 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.
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 over its expected useful life, as follows:
Premises 10% reducing value
Trade marks 25% straight line
Motor vehicles 25% reducing value
Equipment 25% reducing value
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 13,199
At 31 March 2024 13,199
Amortisation
At 1 April 2023 6,599
Provided during the year 3,300
At 31 March 2024 9,899
Net book value
At 31 March 2024 3,300
At 31 March 2023 6,600
Trade marks are being written off in equal annual instalments over their estimated economic life of 4 years.
4 Tangible fixed assets
Land and buildings Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 613,159 291,004 78,011 982,174
Additions 51,109 55,840 41,667 148,616
Disposals - - (40,400) (40,400)
At 31 March 2024 664,268 346,844 79,278 1,090,390
Depreciation
At 1 April 2023 180,647 132,469 37,853 350,969
Charge for the year 48,362 53,593 14,776 116,731
On disposals - - (17,675) (17,675)
At 31 March 2024 229,009 186,062 34,954 450,025
Net book value
At 31 March 2024 435,259 160,782 44,324 640,365
At 31 March 2023 432,512 158,535 40,158 631,205
5 Debtors 2024 2023
£ £
Trade debtors 14,894 14,155
6 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 85,309 48,828
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 32,279 19,413
Obligations under finance lease and hire purchase contracts - 21,519
Trade creditors 16,178 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 313,230 208,787
Taxation and social security costs 60,596 57,825
Other creditors 55,806 57,585
478,089 365,129
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 229,504 266,720
Obligations under finance lease and hire purchase contracts 59,771 30,315
289,275 297,035
9 Other information
Intravita International Limited is a private company limited by shares and incorporated in England. Its registered office is:
104 Oak Road
Tiptree
CO5 0NA
Intravita International Limited 08884193 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 V. Otto No description of principal activity 08884193 2022-04-01 2023-03-31 08884193 core:WithinOneYear 2023-03-31 08884193 core:AfterOneYear 2023-03-31 08884193 core:ShareCapital 2023-03-31 08884193 core:RetainedEarningsAccumulatedLosses 2023-03-31 08884193 2023-04-01 2024-03-31 08884193 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08884193 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08884193 bus:Director40 2023-04-01 2024-03-31 08884193 1 2023-04-01 2024-03-31 08884193 2 2023-04-01 2024-03-31 08884193 core:Goodwill 2023-04-01 2024-03-31 08884193 core:LandBuildings 2023-04-01 2024-03-31 08884193 core:PlantMachinery 2023-04-01 2024-03-31 08884193 core:Vehicles 2023-04-01 2024-03-31 08884193 countries:England 2023-04-01 2024-03-31 08884193 bus:FRS102 2023-04-01 2024-03-31 08884193 bus:FilletedAccounts 2023-04-01 2024-03-31 08884193 2024-03-31 08884193 core:WithinOneYear 2024-03-31 08884193 core:AfterOneYear 2024-03-31 08884193 core:ShareCapital 2024-03-31 08884193 core:RetainedEarningsAccumulatedLosses 2024-03-31 08884193 core:Goodwill 2024-03-31 08884193 core:LandBuildings 2024-03-31 08884193 core:PlantMachinery 2024-03-31 08884193 core:Vehicles 2024-03-31 08884193 2023-03-31 08884193 core:Goodwill 2023-03-31 08884193 core:LandBuildings 2023-03-31 08884193 core:PlantMachinery 2023-03-31 08884193 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure