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Registration number: 02766147

Vitalrelay Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Vitalrelay Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 11

 

Vitalrelay Services Limited

Company Information

Directors

C Hinks

L Meikle

Registered office

Unit 2 &3 Heathcote House
13 Clothier Road
Brislington
Bristol
Avon
BS4 5PS

Accountants

Addicus Plus Limited
Chartered Certified Accountants4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

Vitalrelay Services Limited

(Registration number: 02766147)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

198,406

89,010

Current assets

 

Stocks

5

33,000

30,000

Debtors

6

442,354

423,328

Cash at bank and in hand

 

150,002

81,779

 

625,356

535,107

Creditors: Amounts falling due within one year

7

(318,098)

(218,029)

Net current assets

 

307,258

317,078

Total assets less current liabilities

 

505,664

406,088

Creditors: Amounts falling due after more than one year

7

(82,240)

(21,471)

Provisions for liabilities

(37,697)

(16,912)

Net assets

 

385,727

367,705

Capital and reserves

 

Called up share capital

100

100

Retained earnings

385,627

367,605

Shareholders' funds

 

385,727

367,705

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Vitalrelay Services Limited

(Registration number: 02766147)
Balance Sheet as at 31 March 2025

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

C Hinks
Director

L Meikle
Director

 
     
 

Vitalrelay Services Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

Share capital
£

Retained earnings
£

Total
£

At 1 April 2024

100

367,605

367,705

Profit for the year

-

206,355

206,355

Dividends

-

(188,333)

(188,333)

At 31 March 2025

100

385,627

385,727

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

346,336

346,436

Profit for the year

-

153,602

153,602

Dividends

-

(132,333)

(132,333)

At 31 March 2024

100

367,605

367,705

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 &3 Heathcote House
13 Clothier Road
Brislington
Bristol
Avon
BS4 5PS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current income 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Asset class

Depreciation method and rate

Improvements to property

5% straight line

Plant and machinery

20% straight line

Office equipment

10% straight line

Motor vehicles

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 10).

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Cost or valuation

At 1 April 2024

20,000

393,469

10,353

82,746

Additions

43,588

45,936

3,148

107,650

At 31 March 2025

63,588

439,405

13,501

190,396

Depreciation

At 1 April 2024

12,000

322,719

6,057

76,782

Charge for the year

12,718

44,251

1,081

32,876

At 31 March 2025

24,718

366,970

7,138

109,658

Carrying amount

At 31 March 2025

38,870

72,435

6,363

80,738

At 31 March 2024

8,000

70,750

4,296

5,964

Total
£

Cost or valuation

At 1 April 2024

506,568

Additions

200,322

At 31 March 2025

706,890

Depreciation

At 1 April 2024

417,558

Charge for the year

90,926

At 31 March 2025

508,484

Carrying amount

At 31 March 2025

198,406

At 31 March 2024

89,010

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Stocks

2025
£

2024
£

Other inventories

33,000

30,000

6

Debtors

2025
£

2024
£

Trade debtors

187,776

159,257

Other debtors

235,645

262,158

Prepayments

18,933

1,913

442,354

423,328

 

Vitalrelay Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

27,066

19,707

Trade creditors

 

146,878

18,166

Taxation and social security

 

49,552

103,630

Accruals and deferred income

 

3,800

4,200

Other creditors

 

90,802

72,326

 

318,098

218,029

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

82,240

21,471

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

1,719

12,187

Hire purchase contracts

80,521

9,284

82,240

21,471

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,468

10,212

Hire purchase contracts

16,598

9,495

27,066

19,707