Company Registration No. 12427399 (England and Wales)
Shoreham Health Shop Ltd
Unaudited accounts
for the period from 1 August 2021 to 31 December 2022
Shoreham Health Shop Ltd
Unaudited accounts
Contents
Shoreham Health Shop Ltd
Company Information
for the period from 1 August 2021 to 31 December 2022
Director
Leonard John Glenville
Company Number
12427399 (England and Wales)
Registered Office
2 Lakeview Stables
St. Clere, Kemsing
Sevenoaks
TN15 6NL
England
Shoreham Health Shop Ltd
Statement of financial position
as at 31 December 2022
Intangible assets
28,746
41,244
Cash at bank and in hand
12,616
53,384
Creditors: amounts falling due within one year
(76,683)
(87,826)
Net current liabilities
(43,142)
(462)
Total assets less current liabilities
(14,396)
40,782
Creditors: amounts falling due after more than one year
(38,681)
(40,452)
Net (liabilities)/assets
(53,077)
330
Called up share capital
2
2
Profit and loss account
(53,079)
328
Shareholders' funds
(53,077)
330
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Leonard John Glenville
Director
Company Registration No. 12427399
Shoreham Health Shop Ltd
Notes to the Accounts
for the period from 1 August 2021 to 31 December 2022
Shoreham Health Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 12427399. The registered office is 2 Lakeview Stables , St. Clere, Kemsing, Sevenoaks, TN15 6NL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
The company has adopted the going concern basis of accounting in the preparation of these financial statements.
Revenue, described as turnover, is the value of goods sold to customers during the year, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible assets are amortised on a straight line basis over a useful economic life of 6 years.
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition.
A "first in first out" basis is used. Borrowing costs are not capitalised. Where consignment stock is in substance an asset of the company, it is recognised as such on the balance sheet.
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned.
The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.
Shoreham Health Shop Ltd
Notes to the Accounts
for the period from 1 August 2021 to 31 December 2022
4
Intangible fixed assets
Goodwill
At 31 December 2022
52,931
Charge for the period
12,498
At 31 December 2022
24,185
At 31 December 2022
28,746
Amounts falling due within one year
Amounts due from group undertakings etc.
6,225
15,775
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,556
11,667
Obligations under finance leases and hire purchase contracts
-
1,630
Trade creditors
39,483
24,458
Amounts owed to group undertakings and other participating interests
10,239
39,621
Taxes and social security
5,036
7,587
Loans from directors
1,053
1,053
7
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
2,119
Aggregate of amounts that fall due for payment after five years
13,500
19,500
Shoreham Health Shop Ltd
Notes to the Accounts
for the period from 1 August 2021 to 31 December 2022
8
Transactions with related parties
At the balance sheet date, the company was owed amounts from group undertakings of £6,225 (2021: £15,775).
The company owed group undertakings £10,239 (2021: £39,621) and the directors £1,053 (2021: £1,053).
These balances comprise various loans and advances. They are unsecured, repayable on demand and are not chargeable to interest.
The company is a subsidiary, however, no consolidated financial statements are prepared for any group within which the company is a member.
10
Average number of employees
During the period the average number of employees was 6 (2021: 6).