VITALTURN_COMPANY_LIMITED - Accounts

VITALTURN COMPANY LIMITED - Company Information

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Company Registration No. 02769797 (England and Wales)

VITALTURN COMPANY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

VITALTURN COMPANY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VITALTURN COMPANY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

1,648

24,278

Cash at bank and in hand

148,541

151,682

150,189

175,960

Creditors: amounts falling due within one year

(79,626)

(173,822)

Total assets less current liabilities

70,563

2,138

Capital and reserves

Called up share capital

1,000

Profit and loss account

69,563

1,138

Shareholders' funds

70,563

2,138

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 20 March 2017

S P D Morris

G L Morris

B Sumner

Director

Company Registration No. 02769797

VITALTURN COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable from royalties net of VAT.

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000

Related party relationships and transactions

P Hook is a director and shareholder of Three Little Pigs Limited. During the year Three Little Pigs Limited invoiced Vitalturn Company Limited for fees of £201,896 (2015 £435,611) and as at the year end £407 (2015 £0) was included in other creditors. The company incurred healthcare costs for Three Little Pigs Limited and as at the year end £258 (2015 £2,288) was included in other debtors. Other creditors includes P Hook director loan account balance of 2,439 (2015 £2,439).

B Sumner is a director and shareholder of X Limited. During the year X Limited invoiced Vitalturn Company Limited for fees of £183,772 (2015 £414,755) and as at the year end £407 (2015 £0) was included in other creditors. The company incurred healthcare costs for X Limited and as at the year end £145 (2015 £3057) was included in other debtors. Other creditors includes B Sumner director loan account balance of £2,519 (2015 £2,519).

SPD & GL Morris are directors and shareholders of Hard Cheese Limited. During the year Hard Cheese Limited invoiced Vitalturn Company Limited for fees of £356,195 (2015 £696,705) and as at the year end £815 (2015 £0) was included in trade creditors. The company incurred healthcare costs for Hard Cheese Limited and as at the year end £258.46 (2015 £3,336) was included in other debtors. Other creditors includes a SPD Morris & G L Morris director loan account balance of £37 (2015 £37)