Vital P'ships Professional Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07612708 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

FOR

VITAL PARTNERSHIPS PROFESSIONAL SERVICES

LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Bailey

Prof P M Broadfoot

E M Wellman

SECRETARY:

J S D Williams

REGISTERED OFFICE:

Longridge

Abbotskerswell

Newton Abbott

Devon

TQ12 5PW

REGISTERED NUMBER:

07612708 (England and Wales)

ACCOUNTANTS:

Liles Morris Limited

1st Floor

80 Coombe Road

New Malden

Surrey

KT3 4QS

FIXED ASSETS

Intangible assets

4

901

3,596

CURRENT ASSETS

Debtors

5

4,088

445

Cash at bank

2,131

3,522

6,219

3,967

CREDITORS

Amounts falling due within one year

6

40,486

35,864

NET CURRENT LIABILITIES

(34,267

)

(31,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,366

)

(28,301

)

CAPITAL AND RESERVES

Called up share capital

100

1

Retained earnings

(33,466

)

(28,302

)

SHAREHOLDERS' FUNDS

(33,366

)

(28,301

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2021 and were signed on its behalf by:

Prof P M Broadfoot - Director

1.	STATUTORY INFORMATION

Vital Partnerships Professional Services 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.

Going Concern

At the balance sheet date the company had total net liabilities of £33,366. The company's largest creditor is a company controlled by the majority shareholder of Vital Partnerships Professional Services Ltd (VPPS),who will continue to support VPPS financially, while new revenue opportunities are being sought.

Due to t his ongoing support, the financial statements have been prepared on the assumption that the entity is a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of eight years.

Taxation

There is no tax provision for the year due to losses incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2020

and 30 April 2021

21,560

AMORTISATION

At 1 May 2020

17,964

Charge for year

2,695

At 30 April 2021

20,659

NET BOOK VALUE

At 30 April 2021

901

At 30 April 2020

3,596

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

3,356

-

Other debtors

732

445

4,088

445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

-

35,114

Other creditors

40,486

750

40,486

35,864

7.	RELATED PARTY DISCLOSURES

The balance of other creditors, £40,486, is due to a company that is controlled by a director/shareholder.