Vitalcrown Limited - Accounts to registrar (filleted) - small 18.2

Vitalcrown Limited - Accounts to registrar (filleted) - small 18.2

VITALCROWN LIMITED - Company Information

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REGISTERED NUMBER: 02191701 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

VITALCROWN LIMITED
VITALCROWN LIMITED (REGISTERED NUMBER: 02191701)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VITALCROWN LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: A F Nixey
W A Nixey
N E Nixey





SECRETARY: Mrs V L Nixey





REGISTERED OFFICE: Easington Manor
Watlington
Oxfordshire
OX49 5AZ





REGISTERED NUMBER: 02191701 (England and Wales)





Page 1
VITALCROWN LIMITED (REGISTERED NUMBER: 02191701)


BALANCE SHEET
31 DECEMBER 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 832,932 844,099

CURRENT ASSETS
Stocks 561,186 544,628
Debtors 5 175,959 269,565
Cash at bank 414,439 325,110
1,151,584 1,139,303
CREDITORS
Amounts falling due within one year 6 37,399 136,755
NET CURRENT ASSETS 1,114,185 1,002,548
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,947,117
1,846,647

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,946,117 1,845,647
SHAREHOLDERS' FUNDS 1,947,117 1,846,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 notes form part of these financial statements

Page 2 continued...
VITALCROWN LIMITED (REGISTERED NUMBER: 02191701)


BALANCE SHEET - continued
31 DECEMBER 2020



The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2021 and were signed on its behalf by:




A F Nixey - Director W A Nixey - Director




N E Nixey - Director


The notes form part of these financial statements

Page 3
VITALCROWN LIMITED (REGISTERED NUMBER: 02191701)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

Vitalcrown Limited 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.
Land and buildings - nil
Plant and machinery etc - 25% on reducing balance and at varying rates on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2020
and 31 December 2020 561,138 398,724 959,862
DEPRECIATION
At 1 January 2020 - 115,763 115,763
Charge for year - 11,167 11,167
At 31 December 2020 - 126,930 126,930
NET BOOK VALUE
At 31 December 2020 561,138 271,794 832,932
At 31 December 2019 561,138 282,961 844,099

Page 4 continued...
VITALCROWN LIMITED (REGISTERED NUMBER: 02191701)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 14,484 12,132
Other debtors 161,475 257,433
175,959 269,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade creditors 4,378 4,995
Taxation and social security 28,965 32,639
Other creditors 4,056 99,121
37,399 136,755

7. RELATED PARTY DISCLOSURES

The company previously borrowed monies from a related partnership in which some of the directors are partners. The amount outstanding at the year end was £nil (£75,000 at 31 December 2019).

The company previously made a loan to a related company, the money outstanding at the year end was £150,000 (2019: £150,000). Some of the directors of this company are also directors of the related company.

The company previously lent £91,000 to a related partnership in which some of the directors are partners. This was fully repaid in the year.

Page 5