VLM FITNESS LTD - Limited company accounts 22.3

REGISTERED NUMBER: 06571134 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

FOR

VLM FITNESS LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

MRS V L LANDI

D F 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 directors present their report with the financial statements of the company for the year ended 30 April 2022.

DIRECTORS

MRS V L LANDI has held office during the whole of the period from 1 May 2021 to the date of this report.

Other changes in directors holding office are as follows:

D F LANDI - appointed 6 August 2021

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

23 January 2023

TURNOVER

31,579

31,645

Cost of sales

8,880

8,123

GROSS PROFIT

22,699

23,522

Distribution costs

6,240

-

Administrative expenses

8,618

6,503

14,858

6,503

OPERATING PROFIT and

PROFIT BEFORE TAXATION

7,841

17,019

Tax on profit

1,570

3,315

PROFIT FOR THE FINANCIAL YEAR

6,271

13,704

FIXED ASSETS

Tangible assets

5

-

209

CURRENT ASSETS

Debtors

6

14,775

1,400

Cash at bank

1,298

10,569

16,073

11,969

CREDITORS

Amounts falling due within one year

7

13,996

12,425

NET CURRENT ASSETS/(LIABILITIES)

2,077

(456

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,077

(247

)

CREDITORS

Amounts falling due after more than one year

8

4,553

5,000

NET LIABILITIES

(2,476

)

(5,247

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,576

)

(5,347

)

(2,476

)

(5,247

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2023 and were signed on its behalf 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 1 (2021 - 1 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.22

30.4.21

£

£

Depreciation - owned assets

209

523

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2021

and 30 April 2022

1,476

DEPRECIATION

At 1 May 2021

1,267

Charge for year

209

At 30 April 2022

1,476

NET BOOK VALUE

At 30 April 2022

-

At 30 April 2021

209

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

855

1,400

Other debtors

13,920

-

14,775

1,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

1

-

Taxation and social security

13,995

12,425

13,996

12,425

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Other creditors

4,553

5,000