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Company Registration No. 12427399 (England and Wales)
Shoreham Health Shop Ltd Unaudited accounts for the year ended 31 December 2023
Shoreham Health Shop Ltd Unaudited accounts Contents
Page
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Shoreham Health Shop Ltd Company Information for the year ended 31 December 2023
Director
Leonard John Glenville
Company Number
12427399 (England and Wales)
Registered Office
33 East Street Shoreham-by-Sea West Sussex BN43 5ZD
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Shoreham Health Shop Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
28,746 
Current assets
Inventories
13,200 
14,700 
Debtors
13,319 
6,225 
Cash at bank and in hand
12,455 
12,616 
38,974 
33,541 
Creditors: amounts falling due within one year
(82,224)
(76,683)
Net current liabilities
(43,250)
(43,142)
Total assets less current liabilities
(43,250)
(14,396)
Creditors: amounts falling due after more than one year
(35,484)
(38,681)
Net liabilities
(78,734)
(53,077)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(78,736)
(53,079)
Shareholders' funds
(78,734)
(53,077)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2024 and were signed on its behalf by
Leonard John Glenville Director Company Registration No. 12427399
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Shoreham Health Shop Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Shoreham Health Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 12427399. The registered office is 33 East Street, Shoreham-by-Sea, West Sussex, BN43 5ZD.
2
Accounting policies
Accounting convention
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Going concern
The company is supported by the directors and other companies in the group; therefore, the accounts have been prepared on a going concern basis.
Revenue Recognition
Revenue, described as turnover, is the value of goods sold to customers during the year, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible assets are amortised on a straight line basis over a useful economic life of 6 years. Any movements in fair value are recognised in arriving at the profit before tax.
Stock
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes any expenditure incurred in bringing the stock to its present location and condition. A "first in first out" basis is used. Borrowing costs are not capitalised. Where consignment stock is in substance an asset of the company, it is recognised as such on the balance sheet.
Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Where assets are financed by leasing agreements that give rights approximating to ownership (finance leases), the assets are treated as if they had been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation is charged to the profit and loss account over the shorter of the lease term and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.
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Shoreham Health Shop Ltd Notes to the Accounts for the year ended 31 December 2023
3
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
52,931 
At 31 December 2023
52,931 
Amortisation
At 1 January 2023
24,185 
Charge for the year
28,746 
At 31 December 2023
52,931 
Net book value
At 31 December 2023
- 
At 31 December 2022
28,746 
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
9,550 
6,225 
Other debtors
3,769 
- 
13,319 
6,225 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,556 
5,556 
Trade creditors
38,787 
39,483 
Amounts owed to group undertakings and other participating interests
16,158 
10,239 
Taxes and social security
16,920 
13,831 
Other creditors
1,803 
3,783 
Loans from directors
- 
1,053 
Accruals
3,000 
2,738 
82,224 
76,683 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
35,484 
38,681 
Aggregate of amounts that fall due for payment after five years
13,500 
13,500 
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Shoreham Health Shop Ltd Notes to the Accounts for the year ended 31 December 2023
7
Transactions with related parties
The following material transactions with related parties have not been conducted under normal market conditions: The amounts owed by group undertakings of £9,550 (2022: £6,225) comprise loans to a subsidiary, Organic Health Shop Ltd. This balance is repayable on demand and is not chargeable to interest. The amounts owed to group undertakings of £16,158 (2022: £10,239) comprise various loans and advances secured under cross guarantees. These balance due are repayable on demand and are not chargeable to interest. A total of £2,811 (2022: £0) owed by the company to subsidiary companies, was written off in the year.
8
Controlling party
The company is a subsidiary, however, no consolidated financial statements are prepared for any group within which the company is a member. 
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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