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REGISTERED NUMBER: 05920741 (England and Wales)













Financial Statements

for the Year Ended 30 June 2024

for

Vital York Limited

Vital York Limited (Registered number: 05920741)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vital York Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S Pattison
J Pawson
T R Welch



REGISTERED OFFICE: Unit 1/F Network Point
Range Road
Witney
Oxfordshire
OX29 0YN



REGISTERED NUMBER: 05920741 (England and Wales)



SENIOR STATUTORY AUDITOR: Phillipa Symington ACA, CA(SA)



AUDITORS: Clive Owen LLP
Chartered Accountants
& Statutory Auditors
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Vital York Limited (Registered number: 05920741)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866,406 735,374

CURRENT ASSETS
Stocks 5 13,000 70,356
Debtors 6 398,119 490,855
Cash at bank 766,745 820,143
1,177,864 1,381,354
CREDITORS
Amounts falling due within one year 7 982,328 921,183
NET CURRENT ASSETS 195,536 460,171
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,061,942

1,195,545

CREDITORS
Amounts falling due after more than one
year

8

(54,804

)

(65,621

)

PROVISIONS FOR LIABILITIES 11 (156,145 ) (181,158 )
NET ASSETS 850,993 948,766

CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Retained earnings 840,993 938,766
SHAREHOLDERS' FUNDS 850,993 948,766

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





S P Pattison - Director


Vital York Limited (Registered number: 05920741)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Vital York Limited 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Going concern
The directors assess whether the use of going concern is appropriate, i.e., whether there are any material uncertainties related to events of conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date the financial statements are approved.

The directors believe that it is appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements, taking into account the continuing support of the group, the shareholders and finance providers.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Income recognition
Income is recognised when the conditions contained within a contract for goods or services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Short leasehold- 12.5% straight line
Fixtures and fittings- 33% straight line
Computer equipment- 20% straight line, 25% straight line and 33% straight line
Motor vehicles- 25% straight line

Fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Vital York Limited (Registered number: 05920741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 95,651 97,289 72,490 1,818,538 2,083,968
Additions - 28,825 - 545,803 574,628
Disposals - (3,305 ) - (163,500 ) (166,805 )
At 30 June 2024 95,651 122,809 72,490 2,200,841 2,491,791
DEPRECIATION
At 1 July 2023 92,064 66,696 3,020 1,186,814 1,348,594
Charge for year 3,022 19,546 18,123 396,421 437,112
Eliminated on disposal - (3,020 ) - (157,301 ) (160,321 )
At 30 June 2024 95,086 83,222 21,143 1,425,934 1,625,385
NET BOOK VALUE
At 30 June 2024 565 39,587 51,347 774,907 866,406
At 30 June 2023 3,587 30,593 69,470 631,724 735,374

Vital York Limited (Registered number: 05920741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 72,490
DEPRECIATION
At 1 July 2023 3,020
Charge for year 18,123
At 30 June 2024 21,143
NET BOOK VALUE
At 30 June 2024 51,347
At 30 June 2023 69,470

5. STOCKS
2024 2023
£    £   
Stocks 13,000 70,356

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 248,303 242,063
Prepayments and accrued income 149,816 248,792
398,119 490,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 11,800 11,798
Trade creditors 131,781 92,819
Amounts owed to group undertakings 305,148 179,680
Taxation and social security 85,508 142,924
Other creditors 2,190 2,195
Deferred income 436,471 476,967
Accruals and deferred income 9,430 14,800
982,328 921,183

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 54,804 65,621

Vital York Limited (Registered number: 05920741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 11,800 11,798
Between one and five years 54,804 65,621
66,604 77,419

Non-cancellable operating leases
2024 2023
£    £   
Within one year 38,368 10,197
Between one and five years 127,962 15,530
166,330 25,727

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 66,604 77,419

Hire purchase contracts are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 156,145 181,158

Deferred
tax
£   
Balance at 1 July 2023 181,158
Provided during year (25,013 )
Balance at 30 June 2024 156,145

Vital York Limited (Registered number: 05920741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £

3,333 A Ordinary £1 3,333 3,333
3,333 B Ordinary £1 3,333 3,333
3,334 C Ordinary £1 3,334 3,334
10,000 10,000

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Phillipa Symington ACA, CA(SA) (Senior Statutory Auditor)
for and on behalf of Clive Owen LLP

14. RELATED PARTY DISCLOSURES

During the year the company made sales of £58,067 (2023: £535,779) and purchases of £240,205 (2023: £211,070) with Academia Limited, the majority shareholder. At the year end an outstanding balance of £5,148 was payable (2023: £181,887 was payable) and a dividend of £nil (2023: £155,000) was payable by the company.

During the year the company made sales of £504 (2023: sales of £1,839) with Charter House Muller UK Limited, a company under common control. At the year end an outstanding balance of £nil was receivable (2023: £2,207 was receivable) to the company.

During the year the company owed management fees of £300,000 (2023: £nil) to Strive Investments Limited, the parent company. At the year end an outstanding balance of £300,000 was payable (2023: £nil was payable) to the company.

15. POST BALANCE SHEET EVENTS

On 7 August 2024 the company became a wholly owned subsidiary of Turn It On Limited, a limited company, registered in England and Wales. The company's registered office is Unit 1/F Network Point, Range Road, Witney, Oxon, England, OX29 0YN.

On 7 August 2024, 3,333 A Ordinary, 3,333 B Ordinary and 3,334 C Ordinary shares were reclassified into 10,000 Ordinary shares.

On 12 August 2024 the accounting period of the company was shortened from 30 June 2025 to 31 March 2025.

16. ULTIMATE CONTROLLING PARTY

The ultimate controlling party at year end is Academia Limited, who holds 67% of the shares; with the remaining shares held equally by S.P. Pattison and J.A. Pawson in their personal capacity. As at date of these accounts, the ultimate controlling party is Turn It On Limited as detailed in note 15 of the accounts.

ULTIMATE PARENT COMPANY

The ultimate parent company is Strive Investments Limited, a private limited company registered in England and Wales. The company's registered office is 55 Station Road, Beaconsfield, Buckinghamshire HP9 1QL.

As at date of these accounts, the ultimate controlling party is Turn It On Limited as detailed in note 15 of the accounts.