COMPANY REGISTRATION NUMBER:
14052204
|
Vita Engineering UK Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Vita Engineering UK Limited |
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|
Statement of Financial Position |
|
30 April 2025
Fixed assets
|
Investments |
4 |
293,758 |
293,758 |
|
|
|
|
Current assets
|
Debtors |
5 |
202,104 |
13,694 |
|
Cash at bank and in hand |
225 |
31,259 |
|
--------- |
-------- |
|
202,329 |
44,953 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
435,835 |
300,760 |
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--------- |
--------- |
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Net current liabilities |
233,506 |
255,807 |
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--------- |
--------- |
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Total assets less current liabilities |
60,252 |
37,951 |
|
|
|
|
|
Provisions |
(
2,779) |
(
2,779) |
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-------- |
-------- |
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Net assets |
63,031 |
40,730 |
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-------- |
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
750 |
750 |
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Profit and loss account |
62,281 |
39,980 |
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-------- |
-------- |
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Shareholders funds |
63,031 |
40,730 |
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-------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Vita Engineering UK Limited |
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Statement of Financial Position (continued) |
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30 April 2025
These financial statements were approved by the
board of directors
and authorised for issue on
13 January 2026
, and are signed on behalf of the board by:
Company registration number:
14052204
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Vita Engineering UK Limited |
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Notes to the Financial Statements |
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Year ended 30 April 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10 Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for property rent due, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 May 2024 and 30 April 2025 |
293,758 |
|
--------- |
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Impairment |
|
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At 1 May 2024 and 30 April 2025 |
– |
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--------- |
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Carrying amount |
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At 30 April 2025 |
293,758 |
|
--------- |
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At 30 April 2024 |
293,758 |
|
--------- |
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5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
202,104 |
13,694 |
|
--------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,129 |
– |
|
Social security and other taxes |
5,848 |
6,658 |
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Other creditors |
428,858 |
294,102 |
|
--------- |
--------- |
|
435,835 |
300,760 |
|
--------- |
--------- |
|
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7.
Director's advances, credits and guarantees
The director operated a loan account with the company during the financial period. The opening balance on the account which is due back to the director was £287,129 (2024 £283,154).At the end of the period the amount outstanding to the director was £421,840(2024 £287,129). The loan is interest free and repayable upon demand.