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REGISTERED NUMBER: 08379504 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

HEALTH ELIXIR LTD

HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HEALTH ELIXIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2022







DIRECTOR: Mr F Baig





REGISTERED OFFICE: 12 Kings Road
St Mawes
TRURO
Cornwall
TR2 5DH





REGISTERED NUMBER: 08379504 (England and Wales)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)

BALANCE SHEET
31 JANUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 96,154 111,538
Tangible assets 5 16,545 1,212
112,699 112,750

CURRENT ASSETS
Stocks 17,864 22,740
Debtors 6 70,404 56,776
Cash at bank and in hand 124,806 83,760
213,074 163,276
CREDITORS
Amounts falling due within one year 7 90,280 79,692
NET CURRENT ASSETS 122,794 83,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,493

196,334

PROVISIONS FOR LIABILITIES 3,144 231
NET ASSETS 232,349 196,103

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 232,347 196,101
SHAREHOLDERS' FUNDS 232,349 196,103

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)

BALANCE SHEET - continued
31 JANUARY 2022


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 and authorised for issue on 5 September 2022 and were signed by:





Mr F Baig - Director


HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1. STATUTORY INFORMATION

Health Elixir 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of thirteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on cost and 15% 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
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.

HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2021
and 31 January 2022 200,000
AMORTISATION
At 1 February 2021 88,462
Charge for year 15,384
At 31 January 2022 103,846
NET BOOK VALUE
At 31 January 2022 96,154
At 31 January 2021 111,538

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2021 106 8,160 4,379 12,645
Additions 875 17,884 780 19,539
At 31 January 2022 981 26,044 5,159 32,184
DEPRECIATION
At 1 February 2021 64 7,038 4,331 11,433
Charge for year 196 3,805 205 4,206
At 31 January 2022 260 10,843 4,536 15,639
NET BOOK VALUE
At 31 January 2022 721 15,201 623 16,545
At 31 January 2021 42 1,122 48 1,212

HEALTH ELIXIR LTD (REGISTERED NUMBER: 08379504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 16,491 15,711
Other debtors 848 -
VAT 6,981 3,969
Accrued income 44,064 35,145
Prepayments 2,020 1,951
70,404 56,776

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 45,020 24,827
Tax 12,981 18,538
Social security and other taxes 773 191
Other creditors - NHS 9,719 10,468
Directors' current accounts 15,095 18,989
Accrued expenses 6,692 6,679
90,280 79,692

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr F Baig.