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Registration number: 02008844

Unette Nutrition Limited

Unaudited Financial Statements

for the Year Ended 31 January 2022

 

Unette Nutrition Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Unette Nutrition Limited

(Registration number: 02008844)
Statement of Financial Position as at 31 January 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

806,013

735,278

Current assets

 

Stocks

5

420,261

216,101

Debtors

6

1,298,948

699,406

Cash at bank and in hand

 

1,328,725

1,246,859

 

3,047,934

2,162,366

Creditors: Amounts falling due within one year

7

(406,873)

(311,725)

Net current assets

 

2,641,061

1,850,641

Total assets less current liabilities

 

3,447,074

2,585,919

Provisions for liabilities

(70,017)

(31,286)

Net assets

 

3,377,057

2,554,633

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

3,376,957

2,554,533

Shareholders' funds

 

3,377,057

2,554,633

 

Unette Nutrition Limited

(Registration number: 02008844)
Statement of Financial Position as at 31 January 2022

For the financial year ending 31 January 2022 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the Board on 23 June 2022 and signed on its behalf by:
 

.........................................
Mr M Hudson
Director

 

Unette Nutrition Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Avro House
Unit 1a Spitfire Road
Cheshire Green Industrial Estate
Wardle, Nantwich
Cheshire
CW5 6HT

These financial statements were authorised for issue by the Board on 23 June 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in respect of capital expenditure are recognised on the performance model and are credited to the prodit and loss account in full when the performance conditions are met.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Unette Nutrition Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold improvements

15% on cost

Plant and machinery

15% on cost

Fixtures and fittings

33% on cost

Motor vehicles

20% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Unette Nutrition Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2021 - 25).

 

Unette Nutrition Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2021

356,710

1,054,315

23,832

1,434,857

Additions

-

203,652

-

203,652

At 31 January 2022

356,710

1,257,967

23,832

1,638,509

Depreciation

At 1 February 2021

12,986

675,472

11,121

699,579

Charge for the year

7,135

121,015

4,767

132,917

At 31 January 2022

20,121

796,487

15,888

832,496

Carrying amount

At 31 January 2022

336,589

461,480

7,944

806,013

At 31 January 2021

343,724

378,843

12,711

735,278

5

Stocks

2022
£

2021
£

Other inventories

420,261

216,101

6

Debtors

Note

2022
£

2021
£

Trade debtors

 

849,877

396,199

Amounts owed by common control companies

378,511

244,723

Prepayments

 

70,510

57,437

Other debtors

 

50

1,047

 

1,298,948

699,406

 

Unette Nutrition Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022

7

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

179,466

34,355

Taxation and social security

187,622

240,084

Accruals and deferred income

4,750

6,275

Other creditors

35,035

31,011

406,873

311,725

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £460,000 (2021 - £520,000).