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REGISTERED NUMBER: 03766636 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2024

for

Nutrisport Limited

Nutrisport Limited (Registered number: 03766636)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nutrisport Limited

Company Information
for the Year Ended 30 May 2024







DIRECTOR: K S Adams





REGISTERED OFFICE: Midford Castle
Midford
Bath
BA2 7BU





REGISTERED NUMBER: 03766636 (England and Wales)





ACCOUNTANTS: M J Miller & Co. Ltd
Chartered Certified Accountants
56 Gidlow Lane
Gidlow
Wigan
Lancashire
WN6 7DP

Nutrisport Limited (Registered number: 03766636)

Balance Sheet
30 May 2024

30.5.24 30.5.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 680,431 721,665
680,431 721,665

CURRENT ASSETS
Stocks 632,613 858,759
Debtors 6 21,415 12,790
Cash at bank 51,419 106,601
705,447 978,150
CREDITORS
Amounts falling due within one year 7 302,094 309,288
NET CURRENT ASSETS 403,353 668,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,083,784

1,390,527

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,083,783 1,390,526
SHAREHOLDERS' FUNDS 1,083,784 1,390,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 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.

Nutrisport Limited (Registered number: 03766636)

Balance Sheet - continued
30 May 2024


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 26 July 2024 and were signed by:





K S Adams - Director


Nutrisport Limited (Registered number: 03766636)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Nutrisport Limited 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents
Previously patents were valued at cost less accumulated amortisation. Amortisation was calculated to write off the cost in equal instalments over their estimated useful life of 11 years.

Impairment reviews are carried out to ensure that the patents are not being carried above their recoverable amounts. Any impairment write downs are charged to the profit and loss account.

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 etc - 25% on cost, 20% on cost and 15% on cost

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.

Nutrisport Limited (Registered number: 03766636)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 31 May 2023
and 30 May 2024 3,900,000
AMORTISATION
At 31 May 2023
and 30 May 2024 3,900,000
NET BOOK VALUE
At 30 May 2024 -
At 30 May 2023 -

Nutrisport Limited (Registered number: 03766636)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 31 May 2023 946,168 1,006,302 1,952,470
Additions - 54,206 54,206
Disposals - (13,340 ) (13,340 )
At 30 May 2024 946,168 1,047,168 1,993,336
DEPRECIATION
At 31 May 2023 536,741 694,064 1,230,805
Charge for year - 82,100 82,100
At 30 May 2024 536,741 776,164 1,312,905
NET BOOK VALUE
At 30 May 2024 409,427 271,004 680,431
At 30 May 2023 409,427 312,238 721,665

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£ £
Trade debtors 20,154 11,912
Other debtors 1,261 878
21,415 12,790

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£ £
Trade creditors 7,707 27,170
Taxation and social security 18,299 33,428
Other creditors 276,088 248,690
302,094 309,288