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REGISTERED NUMBER: 10630537 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

YOUNGEVITY SUPPLEMENTS UK LTD

YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YOUNGEVITY SUPPLEMENTS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: Mr J Smith





REGISTERED OFFICE: Kemp House
152 - 160 City Road
London
EC1V 2NX





REGISTERED NUMBER: 10630537 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,716 34,179
Tangible assets 5 3,511 4,680
31,227 38,859

CURRENT ASSETS
Stocks 55,553 36,347
Debtors 6 17,859 27,415
Cash at bank 15,393 7,667
88,805 71,429
CREDITORS
Amounts falling due within one
year

7

64,817

57,810
NET CURRENT ASSETS 23,988 13,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,215

52,478

CREDITORS
Amounts falling due after more
than one year

8

(40,549

)

(50,868

)

PROVISIONS FOR LIABILITIES (667 ) (889 )
NET ASSETS 13,999 721

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,997 719
SHAREHOLDERS' FUNDS 13,999 721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

BALANCE SHEET - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st October 2023 and were signed by:





Mr J Smith - Director


YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Youngevity Supplements Uk 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 represents amounts received for the sale of health supplements during the year and is stated net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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.

Website cost is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.


YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill cost Totals
£    £    £   
COST
At 1st March 2022
and 28th February 2023 63,381 1,250 64,631
AMORTISATION
At 1st March 2022 29,837 615 30,452
Amortisation for year 6,338 125 6,463
At 28th February 2023 36,175 740 36,915
NET BOOK VALUE
At 28th February 2023 27,206 510 27,716
At 28th February 2022 33,544 635 34,179

YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1st March 2022
and 28th February 2023 1,696 8,160 9,856
DEPRECIATION
At 1st March 2022 1,254 3,922 5,176
Charge for year 110 1,059 1,169
At 28th February 2023 1,364 4,981 6,345
NET BOOK VALUE
At 28th February 2023 332 3,179 3,511
At 28th February 2022 442 4,238 4,680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,213 7,268
Elite Nutrients Ltd 1,865 6,139
Director's current account - 6,519
PAYE/NI repayable 707 -
VAT 8,851 3,319
Prepayments and accrued income 5,223 4,170
17,859 27,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,500 4,500
Other loans 5,999 5,377
Trade creditors 17,471 16,175
Corporation tax 18,899 13,715
Social security and other taxes - 18
Credit card balances 9,212 18,025
Director's current account 8,736 -
64,817 57,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loan more than one year 11,180 15,500
Other loan more than one year 29,369 35,368
40,549 50,868

YOUNGEVITY SUPPLEMENTS UK LTD (REGISTERED NUMBER: 10630537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

9. RELATED PARTY DISCLOSURES

The director's current account balance of £8,736 (2022 - £6,519 included in debtors) has no fixed date for repayment, is repayable upon demand and is non-interest bearing.