Natural Choice Health Limited 5466847 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is retailers of specialised foods and natural health products Digita Accounts Production Advanced 6.30.9574.0 true 5466847 2022-07-01 2023-06-30 5466847 2023-06-30 5466847 core:CurrentFinancialInstruments 2023-06-30 5466847 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 5466847 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 5466847 core:FurnitureFittingsToolsEquipment 2023-06-30 5466847 bus:SmallEntities 2022-07-01 2023-06-30 5466847 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 5466847 bus:FullAccounts 2022-07-01 2023-06-30 5466847 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 5466847 bus:RegisteredOffice 2022-07-01 2023-06-30 5466847 bus:Director1 2022-07-01 2023-06-30 5466847 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 5466847 core:FurnitureFittings 2022-07-01 2023-06-30 5466847 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 5466847 core:OfficeEquipment 2022-07-01 2023-06-30 5466847 countries:EnglandWales 2022-07-01 2023-06-30 5466847 2022-06-30 5466847 core:FurnitureFittingsToolsEquipment 2022-06-30 5466847 2021-07-01 2022-06-30 5466847 2022-06-30 5466847 core:CurrentFinancialInstruments 2022-06-30 5466847 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 5466847 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 5466847 core:FurnitureFittingsToolsEquipment 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 5466847

Natural Choice Health Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Natural Choice Health Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Natural Choice Health Limited

Company Information

Director

S Parker

Registered office

The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Natural Choice Health Limited

(Registration number: 5466847)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,538

2,986

Current assets

 

Stocks

5

71,215

64,130

Debtors

6

118

104

Cash at bank and in hand

 

182,243

54,884

 

253,576

119,118

Creditors: Amounts falling due within one year

7

(61,906)

(30,548)

Net current assets

 

191,670

88,570

Total assets less current liabilities

 

194,208

91,556

Creditors: Amounts falling due after more than one year

7

(100,000)

(9,312)

Provisions for liabilities

(500)

(550)

Net assets

 

93,708

81,694

Capital and reserves

 

Called up share capital

100

100

Retained earnings

93,608

81,594

Shareholders' funds

 

93,708

81,694

 

Natural Choice Health Limited

(Registration number: 5466847)
Balance Sheet as at 30 June 2023 (continued)

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

These financial statements have been delivered to the Registrar of Companies in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors' report has been taken.

Approved and authorised by the director on 21 March 2024
 

.........................................
S Parker
Director

   
     
 

Natural Choice Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 5466847.

The address of its registered office is:
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 21 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Natural Choice Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% reducing balance basis

Office equipment

33.33% straight line basis

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 5).

 

Natural Choice Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

8,349

8,349

At 30 June 2023

8,349

8,349

Depreciation

At 1 July 2022

5,363

5,363

Charge for the year

448

448

At 30 June 2023

5,811

5,811

Carrying amount

At 30 June 2023

2,538

2,538

At 30 June 2022

2,986

2,986

5

Stocks

2023
£

2022
£

Stock

71,215

64,130

6

Debtors

Current

2023
£

2022
£

Prepayments

118

104

 

118

104

 

Natural Choice Health Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

15,418

15,609

Taxation and social security

11,656

12,405

Accruals and deferred income

2,514

2,486

Other creditors

32,318

48

61,906

30,548

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other creditors

100,000

9,312