VLM FITNESS LTD - Limited company accounts 20.1

REGISTERED NUMBER: 06571134 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

VLM FITNESS LTD

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

MRS V L LANDI

SECRETARY:

REGISTERED OFFICE:

62 Stakes Road

Purbrook

Waterlooville

Hanst

PO75NT

REGISTERED NUMBER:

06571134 (England and Wales)

ACCOUNTANTS:

Landi Accounting Limited

62 Stakes Road

Purbrook

Waterlooville

Hampshire

PO7 5NT

The director presents her report with the financial statements of the company for the year ended 30 April 2020.

DIRECTOR

MRS V L LANDI held office during the whole of the period from 1 May 2019 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

MRS V L LANDI - Director

24 January 2021

TURNOVER

15,291

5,133

Cost of sales

1,312

1,914

GROSS PROFIT

13,979

3,219

Administrative expenses

5,526

8,644

OPERATING PROFIT/(LOSS)

4

8,453

(5,425

)

Interest receivable and similar income

5

8

PROFIT/(LOSS) BEFORE TAXATION

8,458

(5,417

)

Tax on profit/(loss)

1,630

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

6,828

(5,417

)

FIXED ASSETS

Tangible assets

5

523

-

CURRENT ASSETS

Debtors

6

400

1,152

Cash at bank

2,243

-

2,643

1,152

CREDITORS

Amounts falling due within one year

7

9,110

7,508

NET CURRENT LIABILITIES

(6,467

)

(6,356

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,944

)

(6,356

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(6,044

)

(6,456

)

(5,944

)

(6,356

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 24 January 2021 and were signed by:

MRS V L LANDI - Director

1.	STATUTORY INFORMATION

Vlm Fitness Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

4.	OPERATING PROFIT/(LOSS)

The operating profit (2019 - operating loss) is stated after charging:

30.4.20

30.4.19

£

Depreciation - owned assets

262

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

482

Additions

785

At 30 April 2020

1,267

DEPRECIATION

At 1 May 2019

482

Charge for year

262

At 30 April 2020

744

NET BOOK VALUE

At 30 April 2020

523

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

Trade debtors

400

1,152

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

Bank loans and overdrafts

-

28

Trade creditors

-

(1

)

Taxation and social security

9,110

7,481

9,110

7,508