| Vita Play Limited |
| Registered number: |
07437573 |
| Balance Sheet |
| as at 30 November 2024 |
|
|
|
Notes |
|
|
2024 |
|
|
2023 |
|
|
|
|
£ |
|
|
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
60,858 |
|
|
84,088 |
|
| Current assets |
| Stocks |
|
|
41,466 |
|
|
68,939 |
| Debtors |
5 |
|
593,671 |
|
|
753,453 |
| Cash at bank and in hand |
|
|
160 |
|
|
47,346 |
|
|
|
635,297 |
|
|
869,738 |
|
| Creditors: amounts falling due within one year |
6 |
|
(404,943) |
|
|
(530,905) |
|
| Net current assets |
|
|
|
230,354 |
|
|
338,833 |
|
| Total assets less current liabilities |
|
|
|
291,212 |
|
|
422,921 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(60,682) |
|
|
(188,491) |
|
| Provisions for liabilities |
|
|
|
(15,876) |
|
|
(21,891) |
|
| Net assets |
|
|
|
214,654 |
|
|
212,539 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
214,652 |
|
|
212,537 |
|
| Shareholder's funds |
|
|
|
214,654 |
|
|
212,539 |
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| Martin Burgess |
| Director |
| Approved by the board on 27 October 2025 |
|
| Vita Play Limited |
| Notes to the Accounts |
| for the year ended 30 November 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised on completion of the contract. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Improvements to leasehold premises |
over the lease term |
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets. The finance charge is allocated to each period during the lease on a straight line basis. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
|
|
|
|
|
|
Number |
|
Number |
|
|
Average number of persons employed by the company |
10 |
|
16 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 December 2023 |
150,000 |
|
At 30 November 2024 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2023 |
150,000 |
|
At 30 November 2024 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2024 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill was written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Improvemt to leasehold premises |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
|
|
£ |
|
£ |
|
£ |
|
£ |
|
Cost |
|
At 1 December 2023 |
19,357 |
|
95,279 |
|
159,236 |
|
273,872 |
|
Additions |
- |
|
582 |
|
- |
|
582 |
|
Disposals |
- |
|
- |
|
(19,725) |
|
(19,725) |
|
At 30 November 2024 |
19,357 |
|
95,861 |
|
139,511 |
|
254,729 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2023 |
7,802 |
|
70,811 |
|
111,171 |
|
189,784 |
|
Charge for the year |
4,839 |
|
6,262 |
|
11,911 |
|
23,012 |
|
On disposals |
- |
|
- |
|
(18,925) |
|
(18,925) |
|
At 30 November 2024 |
12,641 |
|
77,073 |
|
104,157 |
|
193,871 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2024 |
6,716 |
|
18,788 |
|
35,354 |
|
60,858 |
|
At 30 November 2023 |
11,555 |
|
24,468 |
|
48,065 |
|
84,088 |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Trade debtors |
109,338 |
|
288,196 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
460,024 |
|
460,024 |
|
Other debtors |
24,309 |
|
5,233 |
|
|
|
|
|
|
593,671 |
|
753,453 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Bank loans and overdrafts |
195,798 |
|
123,838 |
|
Obligations under finance lease and hire purchase contracts |
- |
|
3,889 |
|
Trade creditors |
84,641 |
|
216,021 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
10,275 |
|
33,304 |
|
Taxation and social security costs |
75,073 |
|
50,534 |
|
Other creditors |
39,156 |
|
103,319 |
|
|
|
|
|
|
404,943 |
|
530,905 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Bank loans |
60,682 |
|
188,491 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other financial commitments |
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
75,989 |
|
102,822 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
Beds Construction Holdings Limited is the company's ultimate parent undertaking. Its registered office is: |
|
|
Suite 500 |
|
AW House |
|
6-8 Stuart Street |
|
Luton |
|
LU1 2SJ |
|
|
The company and its subsidiary undertakings comprise a small group. Beds Construction Holdings Limited has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts. |
|
|
| 10 |
Other information |
|
|
Vita Play Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Lab |
|
Crest House |
|
Salisbury Hill |
|
Middle Wallop |
|
SO20 8EG |