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REGISTERED NUMBER: SC203950 (Scotland)















Nature Spirits Limited

Financial Statements For The Year Ended 31 May 2023






Nature Spirits Limited (Registered number: SC203950)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Nature Spirits Limited

Company Information
For The Year Ended 31 May 2023







DIRECTOR: Ms I Leigh





SECRETARY: Ms I Leigh





REGISTERED OFFICE: T/A Findhorn Flower Essences
Unit 9, 3 Enterprise Court
Forres Enterprise Park
Forres
Moray
IV36 2AU





REGISTERED NUMBER: SC203950 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Nature Spirits Limited (Registered number: SC203950)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,844 7,122
Tangible assets 5 35,033 41,780
41,877 48,902

CURRENT ASSETS
Stocks 50,028 36,659
Debtors 6 8,037 46,369
Cash at bank and in hand 41,688 77,383
99,753 160,411
CREDITORS
Amounts falling due within one year 7 22,394 17,647
NET CURRENT ASSETS 77,359 142,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,236

191,666

CREDITORS
Amounts falling due after more than one
year

8

(20,011

)

(30,000

)

PROVISIONS FOR LIABILITIES 9 (4,754 ) (6,036 )
NET ASSETS 94,471 155,630

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 93,471 154,630
SHAREHOLDERS' FUNDS 94,471 155,630

Nature Spirits Limited (Registered number: SC203950)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 July 2023 and were signed by:





Ms I Leigh - Director


Nature Spirits Limited (Registered number: SC203950)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Nature Spirits Limited is a private company, limited by shares , registered in Scotland. 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.

Trademark
The trademark is being amortised evenly over its estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Nature Spirits Limited (Registered number: SC203950)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022 10,877
Additions 900
At 31 May 2023 11,777
AMORTISATION
At 1 June 2022 3,755
Charge for year 1,178
At 31 May 2023 4,933
NET BOOK VALUE
At 31 May 2023 6,844
At 31 May 2022 7,122

5. TANGIBLE FIXED ASSETS
Land and
buildings Equipment Totals
£    £    £   
COST
At 1 June 2022 3,724 100,017 103,741
Additions - 953 953
Disposals - (29,815 ) (29,815 )
At 31 May 2023 3,724 71,155 74,879
DEPRECIATION
At 1 June 2022 - 61,961 61,961
Charge for year - 5,970 5,970
Eliminated on disposal - (28,085 ) (28,085 )
At 31 May 2023 - 39,846 39,846
NET BOOK VALUE
At 31 May 2023 3,724 31,309 35,033
At 31 May 2022 3,724 38,056 41,780

Nature Spirits Limited (Registered number: SC203950)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 8,037 17,387
Other debtors - 28,982
8,037 46,369

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 8,473 5,201
Taxation and social security 2,586 860
Other creditors 11,335 11,586
22,394 17,647

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Other creditors 20,011 30,000

9. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 4,754 6,036

Deferred
tax
£   
Balance at 1 June 2022 6,036
Provided during year (1,282 )
Balance at 31 May 2023 4,754

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

Nature Spirits Limited (Registered number: SC203950)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

11. RESERVES
Retained
earnings
£   

At 1 June 2022 154,630
Deficit for the year (44,859 )
Dividends (16,300 )
At 31 May 2023 93,471

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,300 were paid to the director .

Ms I Leigh
is a director in the company


The director has given the company an interest free directors loan. There are no repayment terms.

31.5.23 31.5.22
£    £   
Amount due to related party at the balance sheet date 380 -

13. ULTIMATE CONTROLLING PARTY

The controlling party is Ms I Leigh.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Nature Spirits Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nature Spirits Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nature Spirits Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nature Spirits Limited and state those matters that we have agreed to state to the director of Nature Spirits Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nature Spirits Limited and its director for our work or for this report.

It is your duty to ensure that Nature Spirits Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nature Spirits Limited. You consider that Nature Spirits Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nature Spirits Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


5 July 2023