Vital Europe UK Ltd - Accounts to registrar (filleted) - small 23.1.2

Vital Europe UK Ltd - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 06489587 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Vital Europe UK Ltd

Vital Europe UK Ltd (Registered number: 06489587)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vital Europe UK Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr Thomas Antalffy
Dr Peter Dudas
Ms Monika Moysova



SECRETARY: Mr Thomas Antalffy



REGISTERED OFFICE: 33 Riding House Street
London
W1W 7DZ



REGISTERED NUMBER: 06489587 (England and Wales)



ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA



BANKERS: HSBC Bank plc
117 Great Portland Street
London
W1A 4UY

Vital Europe UK Ltd (Registered number: 06489587)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,151 19,737

CURRENT ASSETS
Stocks 9,667 10,800
Debtors 5 457,753 367,880
Cash at bank and in hand 492,506 868,440
959,926 1,247,120
CREDITORS
Amounts falling due within one year 6 80,273 298,694
NET CURRENT ASSETS 879,653 948,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

896,804

968,163

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 886,804 958,163
896,804 968,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 27 September 2023 and were signed on its behalf by:




Mr Thomas Antalffy - Director


Vital Europe UK Ltd (Registered number: 06489587)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Vital Europe UK 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
Fees receivable 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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

Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2021 - 61 ) .

Vital Europe UK Ltd (Registered number: 06489587)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 129,309 25,199 32,355 186,863
Additions 1,239 - 3,674 4,913
At 31 December 2022 130,548 25,199 36,029 191,776
DEPRECIATION
At 1 January 2022 112,919 22,392 31,815 167,126
Charge for year 5,442 562 1,495 7,499
At 31 December 2022 118,361 22,954 33,310 174,625
NET BOOK VALUE
At 31 December 2022 12,187 2,245 2,719 17,151
At 31 December 2021 16,390 2,807 540 19,737

5. DEBTORS
31.12.22 31.12.21
£    £   
Amounts falling due within one year:
Trade debtors 19,096 3,279
Rent deposit 4,545 4,050
VEH Ltd current account - 13,897
Payments received on account 22,943 22,544
Prepayments 101,699 6,902
148,283 50,672

Amounts falling due after more than one year:
VEM Ltd current account 309,470 317,208

Aggregate amounts 457,753 367,880

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 10,215 153,681
Tax 3,382 64,623
Social security and other taxes 9,011 8,548
Pension control 1,821 1,802
Wages control 35,702 36,007
SRP Ltd current account 78 98
Accrued expenses 20,064 33,935
80,273 298,694

Vital Europe UK Ltd (Registered number: 06489587)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. RELATED PARTY DISCLOSURES

The company's entire share capital is held by Vital Europe Holdings Ltd a company that is registered in Malta.

The company is under the control of Vital Europe Holdings Ltd.