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REGISTERED NUMBER: 11211509 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

NUTRACREST LTD

NUTRACREST LTD (REGISTERED NUMBER: 11211509)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NUTRACREST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs S E Tiley
Mr J M Tiley





REGISTERED OFFICE: C/O Jaytee
Unit 5A Altira Business Park,
The Boulevard
Herne Bay
Kent
CT6 6GZ





REGISTERED NUMBER: 11211509 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

NUTRACREST LTD (REGISTERED NUMBER: 11211509)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 30,255 40,340

CURRENT ASSETS
Debtors 5 642 7,209
Cash at bank 4,956 521
5,598 7,730
CREDITORS
Amounts falling due within one year 6 258,409 261,048
NET CURRENT LIABILITIES (252,811 ) (253,318 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(222,556

)

(212,978

)

CREDITORS
Amounts falling due after more than one
year

7

191,238

191,238
NET LIABILITIES (413,794 ) (404,216 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (413,994 ) (404,416 )
SHAREHOLDERS' FUNDS (413,794 ) (404,216 )

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

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

The directors acknowledge their 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.

NUTRACREST LTD (REGISTERED NUMBER: 11211509)

BALANCE SHEET - continued
31 JULY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr J M Tiley - Director


NUTRACREST LTD (REGISTERED NUMBER: 11211509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Nutracrest 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

NUTRACREST LTD (REGISTERED NUMBER: 11211509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 August 2022
and 31 July 2023 106,410
DEPRECIATION
At 1 August 2022 66,070
Charge for year 10,085
At 31 July 2023 76,155
NET BOOK VALUE
At 31 July 2023 30,255
At 31 July 2022 40,340

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors - 3,994
Other debtors 642 -
Tax - 2,505
VAT - 710
642 7,209

Other debtors represent an amount due from the pension provider of £642 (2022: £Nil).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 935
Social security and other taxes - 2,048
Other creditors 219,640 219,938
Directors' current accounts 37,844 37,714
Accrued expenses 925 413
258,409 261,048

Other creditors represents an amount due to JST Instruments of £219,640 (2022: £219,770) and a pension creditor of £Nil (2022: £168l).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Trade creditors 191,238 191,238

NUTRACREST LTD (REGISTERED NUMBER: 11211509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
200 Ordinary 1 200 200

9. RELATED PARTY DISCLOSURES

The company has previously traded with Jaytee Biosciences Litmited, a company in which Mr J M Tiley and Mrs S Tiley are also directors. At the balance sheet date trade creditors included £191,238 (2022: £191,238) in respect of Jaytee Biosciences Limited.

The company has previously traded with JST Instruments; a business in which Mr J M Tiley and Mrs S Tiley are both partners. At the balance sheet date creditors included £219,640 (2022: £219,770) in respect of this business.

All the above transactions were carried out under normal commercial terms.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Tiley and Mr J Tiley.