Holistic Trader Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06460260

Holistic Trader Ltd

Unaudited financial statements

31 March 2023

Holistic Trader Ltd

Statement of financial position

31 March 2023

	2023		2022
Note	£	£	£	£

Fixed assets

Tangible assets	5		7,873		10,651

Current assets

Stocks		646,149	642,614
Debtors	6	395,208	350,477
Cash at bank and in hand		108,959	53,103
		-----------	-----------
		1,150,316	1,046,194

Creditors: Amounts falling due within one year	7	( 212,546)		( 289,591)
		-----------		-----------
Net current assets			937,770		756,603
			---------		---------
Total assets less current liabilities			945,643		767,254

Provisions

Taxation including deferred tax	( 1,969)	( 2,024)
	---------	---------
Net assets	943,674	765,230
	---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	942,674	764,230
	---------	---------
Shareholders funds	943,674	765,230
	---------	---------

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 statement of income and retained earnings has not been delivered.

For the year ending 31 March 2023 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 .

Holistic Trader Ltd

Statement of financial position (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 28 September 2023 , 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 2023

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:

Website development costs	-	33% straight line
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 9 (2022: 10 ).

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2022	25,155	57,740	82,895
Additions	1,243	218	1,461
	-------	-------	-------
At 31 March 2023	26,398	57,958	84,356
	-------	-------	-------
Depreciation
At 1 April 2022	18,121	54,123	72,244
Charge for the year	2,051	2,188	4,239
	-------	-------	-------
At 31 March 2023	20,172	56,311	76,483
	-------	-------	-------
Carrying amount
At 31 March 2023	6,226	1,647	7,873
	-------	-------	-------
At 31 March 2022	7,034	3,617	10,651
	-------	-------	-------

6. Debtors

	2023	2022
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	69,000	–
Other debtors	326,208	350,477
	---------	---------
	395,208	350,477
	---------	---------

7. Creditors: Amounts falling due within one year

	2023	2022
	£	£
Trade creditors	76,633	146,153
Social security and other taxes	115,235	132,336
Other creditors	20,678	11,102
	---------	---------
	212,546	289,591
	---------	---------

8. Director's advances, credits and guarantees

Included within debtors at the year end is a directors loan account of £229,710 (2022: £182,862). Interest of £3,535 (2022: £3,806) has been charged on the loan at the official rate.