Registration number:
Vita Referrals Site 01 Ltd
for the Period from 19 June 2023 to 30 June 2024
Vita Referrals Site 01 Ltd
Contents
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Vita Referrals Site 01 Ltd
(Registration number: 14942844)
Abridged Balance Sheet as at 30 June 2024
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Note |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
( |
For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
Mr S Cooke
Director
Mr N J Blackburn
Director
Mr R J Quinn
Director
Vita Referrals Site 01 Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis despite the company having net current liabilities. The director has pledged to support the company financially where necessary.
The financial statements have been prepared on a going concern basis.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Leasehold property |
Over the term of the lease |
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Fixtures and Fittings |
15% Reducing Balance |
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Plant & Equipment |
20% Reducing Balance |
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Office equipment |
25% Reducing Balance |
Vita Referrals Site 01 Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Other intangibles |
5% Straight Line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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Additions |
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At 30 June 2024 |
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Depreciation |
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Carrying amount |
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At 30 June 2024 |
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Included within the net book value of land and buildings above is £470,593 in respect of freehold land and buildings.
Vita Referrals Site 01 Ltd
Notes to the Unaudited Abridged Financial Statements for the Period from 19 June 2023 to 30 June 2024
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Creditors: amounts falling due within one year |
Creditors include bank loans and hire purchase contracts which are secured of £143,062
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Creditors: amounts falling due after more than one year |
Creditors include bank loans repayable by instalments of £286,463.00 ( - £0.00) due after more than five years.
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Related party transactions |
Key management personnel
Included within the other creditors is a loan from QROAM Limited, a company connected by common control. At the balance sheet date. QROAM limited is owed £100,000 by the company. Interest is charged at 10.5%. No repayments made in the year.
Included within the other creditors is a loan from Ridgewood Orthopaedic Services Limited, a company connected by common control. At the balance sheet date. Ridgewood Orthopaedic Services Limited is owed £150,000 by the company. Interest is charged at 10.5%. No repayments made in the year.
Included within the other creditors is a loan from 5F Professional Services Limited Limited, a company connected by common control. At the balance sheet date. 5F Professional Services Limited Limited is owed £150,000 by the company. Interest is charged at 10.5%. No repayments made in the year.