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COMPANY REGISTRATION NUMBER: 06460260
Holistic Trader Ltd
Unaudited financial statements
31 March 2022
Holistic Trader Ltd
Statement of financial position
31 March 2022
2022
2021
Note
£
£
£
£
Fixed assets
Tangible assets
5
10,651
390,205
Current assets
Stocks
642,614
514,197
Debtors
6
350,477
331,947
Cash at bank and in hand
53,103
96,348
-----------
---------
1,046,194
942,492
Creditors: Amounts falling due within one year
7
( 289,591)
( 328,553)
-----------
---------
Net current assets
756,603
613,939
---------
-----------
Total assets less current liabilities
767,254
1,004,144
Provisions
Taxation including deferred tax
( 2,024)
( 7,352)
---------
-----------
Net assets
765,230
996,792
---------
-----------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
764,230
995,792
---------
---------
Shareholders funds
765,230
996,792
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 15 August 2022 , and are signed on behalf of the board by:
B D Almond
Director
Company registration number: 06460260
Holistic Trader Ltd
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Chestnut Drive, Wymondham Business Park, Wymondham, Norfolk, NR18 9SB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Website development costs
-
33% straight line
Plant and machinery
-
8% reducing balance
Fixtures and fittings
-
25% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the year in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 10 (2021: 11 ).
5. Tangible assets
Freehold property
Website costs
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
£
Cost
At 1 April 2021
394,043
47,776
31,364
24,635
12,851
510,669
Additions
650
3,248
3,898
Disposals
( 394,043)
( 31,364)
( 130)
( 6,135)
( 431,672)
---------
-------
-------
-------
-------
---------
At 31 March 2022
47,776
25,155
9,964
82,895
---------
-------
-------
-------
-------
---------
Depreciation
At 1 April 2021
42,534
38,583
12,312
16,018
11,017
120,464
Charge for the year
8,511
2,221
2,147
12,879
Disposals
( 42,534)
( 12,312)
( 118)
( 6,135)
( 61,099)
---------
-------
-------
-------
-------
---------
At 31 March 2022
47,094
18,121
7,029
72,244
---------
-------
-------
-------
-------
---------
Carrying amount
At 31 March 2022
682
7,034
2,935
10,651
---------
-------
-------
-------
-------
---------
At 31 March 2021
351,509
9,193
19,052
8,617
1,834
390,205
---------
-------
-------
-------
-------
---------
6. Debtors
2022
2021
£
£
Other debtors
350,477
331,947
---------
---------
7. Creditors: Amounts falling due within one year
2022
2021
£
£
Trade creditors
146,153
146,190
Social security and other taxes
132,336
161,472
Other creditors
11,102
20,891
---------
---------
289,591
328,553
---------
---------
8. Director's advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £182,862 (2021: £201,549). Interest of £3,806 (2021: £2,242) has been charged on the loan at the official rate.
9. Controlling party
The ultimate parent company is Holistic Holdings Ltd whose registered office is The Gables, Old Market Street, Thetford, Norfolk, IP24 2EN.