Vida Workspaces Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08874960

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		491		732

			491		732
CURRENT ASSETS
Debtors	5	261,134		365,116
Cash at bank and in hand		530		372

		261,664		365,488
Creditors: Amounts Falling Due Within One Year	6	(501,931 )		(343,129 )

NET CURRENT ASSETS (LIABILITIES)			(240,267 )		22,359

TOTAL ASSETS LESS CURRENT LIABILITIES			(239,776 )		23,091

Creditors: Amounts Falling Due After More Than One Year	7		(12,272 )		(15,806 )

NET (LIABILITIES)/ASSETS			(252,048 )		7,285

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(252,049 )		7,284

SHAREHOLDERS' FUNDS			(252,048)		7,285

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Vida Workspaces Limited

Balance Sheet (continued)

As At 31 December 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M D Edworthy

Director

4 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vida Workspaces Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08874960 . The registered office is Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

As at the year end the company's balance sheet shows net current liabilities of £240,267 (2024 net current assets £22,359) and an overall deficiency of assets of £252,048 (2024 surplus £7,285). Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate.The accounts have been prepared on a going concern basis as the directors continue to provide financial support when necessary to the company. The directors have also reviewed the position for 12 months from the date the accounts were approved and in their opinion the company will reduce the balance sheet deficiency and show positive results for the next financial period.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33% Straight Line Method
Computer Equipment	33% Reducing Balance Method

2.4. Taxation

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 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.

2.5. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the

company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient

assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If

contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.6. Debtor

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the

effective interest method, less provision for impairment. A provision for the impairment of trade debtors is

established when there is objective evidence that the company will not be able to collect all amounts due according

to the original terms of the receivables.

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of

business.

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Vida Workspaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Creditor

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the

effective interest method. Trade creditors are obligations to pay for goods or services that have been acquired in the

ordinary course of business from suppliers.

Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the

reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an

unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as

non-current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	6,130	28,796	34,926

As at 31 December 2025	6,130	28,796	34,926

Depreciation
As at 1 January 2025	6,130	28,064	34,194
Provided during the period	-	241	241

As at 31 December 2025	6,130	28,305	34,435

Net Book Value
As at 31 December 2025	-	491	491

As at 1 January 2025	-	732	732

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	144	144
Other debtors	260,990	364,972

	261,134	365,116

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	129,450	100,013
Bank loans and overdrafts	3,600	3,660
Other creditors	368,040	239,333
Taxation and social security	841	123

	501,931	343,129

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Vida Workspaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	12,272	15,806

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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