Company registration number 12952216 (England and Wales)
FERTILITY NUTRITION CENTRE LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH REGISTRAR
FERTILITY NUTRITION CENTRE LTD
BALANCE SHEET
AS AT
31 OCTOBER 2023
31 October 2023
1
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
37,139
2,795
Current assets
Debtors
4
133,288
117,977
Cash at bank and in hand
1,673
1,229
134,961
119,206
Creditors: amounts falling due within one year
5
(103,444)
(89,650)
Net current assets
31,517
29,556
Total assets less current liabilities
68,656
32,351
Creditors: amounts falling due after more than one year
6
(31,761)
Net assets
36,895
32,351
Capital and reserves
Called up share capital
8
20
20
Profit and loss reserves
36,875
32,331
Total equity
36,895
32,351
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
FERTILITY NUTRITION CENTRE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 OCTOBER 2023
31 October 2023
2
The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
S Greenbank
Director
Company Registration No. 12952216
FERTILITY NUTRITION CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023
3
1
Accounting policies
Company information
Fertility Nutrition Centre Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
3 years straight line
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
FERTILITY NUTRITION CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
1
Accounting policies (Continued)
4
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and amounts due from associated companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
FERTILITY NUTRITION CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
5
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022
3,901
Additions
37,406
At 31 October 2023
41,307
Depreciation and impairment
At 1 November 2022
1,106
Depreciation charged in the year
3,062
At 31 October 2023
4,168
Carrying amount
At 31 October 2023
37,139
At 31 October 2022
2,795
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
58
50
Other debtors
133,230
117,927
133,288
117,977
FERTILITY NUTRITION CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
6
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,500
4,500
Taxation and social security
31,948
26,788
Other creditors
66,996
58,362
103,444
89,650
Included in Other Creditors is £3,397 representing obligations under a hire purchase agreement which is secured on the asset to which it relates.
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
31,761
The Other Creditors balance represents obligations under a hire purchase agreement which is secured on the asset to which it relates.
7
Directors' transactions
Description
% Rate
Opening balance
Interest charged
Amounts repaid
Closing balance
£
£
£
£
Loan to Director
2.00
118,825
1,962
-
120,787
Director's Current Account
-
(20,519)
-
(368)
(20,887)
98,306
1,962
(368)
99,900
FERTILITY NUTRITION CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2023
7
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
Ordinary A shares of £1 each
10
10
10
10
20
20
20
20