Village Vita Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05188313 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Village Vita Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Robinson

SECRETARY:

Mrs J Robinson

REGISTERED OFFICE:

Park View

Cockhill Farm

Middleton Lane

Tamworth

B78 2BW

REGISTERED NUMBER:

05188313 (England and Wales)

ACCOUNTANTS:

LJT Financial Management Limited

The Old School

School Lane

Blymhill

TF11 8LJ

CURRENT ASSETS

Debtors

4

4,929

20,188

Cash at bank

35,230

80,857

40,159

101,045

CREDITORS

Amounts falling due within one year

5

14,028

33,707

NET CURRENT ASSETS

26,131

67,338

TOTAL ASSETS LESS CURRENT LIABILITIES

26,131

67,338

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

26,111

67,318

SHAREHOLDERS' FUNDS

26,131

67,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 November 2019 and were signed by:

A Robinson - Director

1.	STATUTORY INFORMATION

Village Vita 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.

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 2 (2018 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

4,850

18,710

Other debtors

79

1,478

4,929

20,188

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

11,946

32,316

Other creditors

2,082

1,391

14,028

33,707

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

A Robinson

Balance outstanding at start of year

228

(1,195

)

Amounts advanced

79

-

Amounts repaid

(228

)

1,423

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79

228