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Company Registration No. 09422730 (England and Wales)
Vital Pharma Limited Unaudited accounts for the year ended 29 April 2024
Vital Pharma Limited Unaudited accounts Contents
Page
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Vital Pharma Limited Company Information for the year ended 29 April 2024
Director
Kaleem Mohammed Sharif
Company Number
09422730 (England and Wales)
Registered Office
Enterprise House, Harmire Enterprise Park, Barnard Castle DL12 8XT
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Vital Pharma Limited Statement of financial position as at 29 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,669 
28,875 
Current assets
Inventories
161,444 
162,651 
Debtors
182,910 
180,900 
Cash at bank and in hand
54,396 
62,031 
398,750 
405,582 
Creditors: amounts falling due within one year
(218,795)
(214,740)
Net current assets
179,955 
190,842 
Total assets less current liabilities
194,624 
219,717 
Creditors: amounts falling due after more than one year
(141,755)
(141,755)
Net assets
52,869 
77,962 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
52,868 
77,961 
Shareholders' funds
52,869 
77,962 
For the year ending 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2025 and were signed on its behalf by
Kaleem Mohammed Sharif Director Company Registration No. 09422730
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Vital Pharma Limited Notes to the Accounts for the year ended 29 April 2024
1
Statutory information
Vital Pharma Limited is a private company, limited by shares, registered in England and Wales, registration number 09422730. The registered office is Enterprise House,, Harmire Enterprise Park,, Barnard Castle, DL12 8XT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
Motor vehicles
Over 5 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Vital Pharma Limited Notes to the Accounts for the year ended 29 April 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 30 April 2023
56,029 
15,000 
71,029 
At 29 April 2024
56,029 
15,000 
71,029 
Depreciation
At 30 April 2023
33,154 
9,000 
42,154 
Charge for the year
11,206 
3,000 
14,206 
At 29 April 2024
44,360 
12,000 
56,360 
Net book value
At 29 April 2024
11,669 
3,000 
14,669 
At 29 April 2023
22,875 
6,000 
28,875 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,450 
80,450 
Other debtors
102,460 
100,450 
182,910 
180,900 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,600 
45,357 
VAT
(819)
3,988 
Trade creditors
46,660 
46,661 
Taxes and social security
12,338 
7,143 
Other creditors
13,000 
13,000 
Loans from directors
140,346 
94,691 
Accruals
3,670 
3,900 
218,795 
214,740 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
41,755 
41,755 
Other creditors
100,000 
100,000 
141,755 
141,755 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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