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REGISTERED NUMBER: 09654540 (England and Wales)







Financial Statements for the Year Ended 30th June 2024

for

VITD Group Ltd

VITD Group Ltd (Registered number: 09654540)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


VITD Group Ltd

Company Information
for the Year Ended 30th June 2024







DIRECTOR: O F Lissimore





REGISTERED OFFICE: County House
St. Marys Street
Worcester
WR1 1HB





REGISTERED NUMBER: 09654540 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

VITD Group Ltd (Registered number: 09654540)

Abridged Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,101 5,375
4,101 5,375

CURRENT ASSETS
Debtors 33,021 29,201
Cash at bank 71 141
33,092 29,342
CREDITORS
Amounts falling due within one year 41,369 34,704
NET CURRENT LIABILITIES (8,277 ) (5,362 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,176

)

13

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (4,186 ) 3
(4,176 ) 13

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 19th March 2025 and were signed by:





O F Lissimore - Director


VITD Group Ltd (Registered number: 09654540)

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

1. STATUTORY INFORMATION

VITD Group 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.

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.

At the year end the balance sheet is overdrawn. The company has the support of the Director and the accounts have therefore been prepared on a going concern basis.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measure at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software was amoritised evenly over it's estimated useful life of three years and is fully amortised at the balance sheet date.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost and 33% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

VITD Group Ltd (Registered number: 09654540)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023
and 30th June 2024 2,140
AMORTISATION
At 1st July 2023
and 30th June 2024 2,140
NET BOOK VALUE

At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2023 23,288
Additions 2,097
At 30th June 2024 25,385
DEPRECIATION
At 1st July 2023 17,913
Charge for year 3,371
At 30th June 2024 21,284
NET BOOK VALUE
At 30th June 2024 4,101
At 30th June 2023 5,375

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within debtors is a balance of £3,476 owing by the Director.