Company registration number 05210578 (England and Wales)
VITS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
VITS LIMITED
COMPANY INFORMATION
Directors
Mr A Bangher
Mrs M Bains
Company number
05210578
Registered office
Hurlingham Studios
Ranelagh Gardens
London
SW6 3PA
Accountants
Koshal Associates (Chartered Accountants)
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
VITS LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 4
VITS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VITS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VITS Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that VITS Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VITS Limited. You consider that VITS Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of VITS Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Koshal Associates (Chartered Accountants)
28 May 2025
Gautam House
1-3 Shenley Avenue
Ruislip Manor
Middlesex
HA4 6BP
VITS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
66,009
66,716
Current assets
Debtors
4
453,140
380,203
Cash at bank and in hand
240,317
220,707
693,457
600,910
Creditors: amounts falling due within one year
5
(120,386)
(115,125)
Net current assets
573,071
485,785
Total assets less current liabilities
639,080
552,501
Creditors: amounts falling due after more than one year
6
(16,667)
(26,667)
Net assets
622,413
525,834
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
621,413
524,834
Total equity
622,413
525,834

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 28 May 2025 and are signed on its behalf by:
Mr A Bangher
Director
VITS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

VITS Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hurlingham Studios, Ranelagh Gardens, London, SW6 3PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
8
VITS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 October 2023 and 30 September 2024
63,887
19,713
11,656
95,256
Depreciation and impairment
At 1 October 2023
-
0
19,490
9,050
28,540
Depreciation charged in the year
-
0
56
651
707
At 30 September 2024
-
0
19,546
9,701
29,247
Carrying amount
At 30 September 2024
63,887
167
1,955
66,009
At 30 September 2023
63,887
223
2,606
66,716
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
165,414
358,412
Other debtors
287,726
21,791
453,140
380,203
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
9,570
3,872
Corporation tax
56,023
58,949
Other taxation and social security
39,516
35,043
Other creditors
15,277
17,261
120,386
115,125
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
16,667
26,667
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