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REGISTERED NUMBER: 10066272 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Golden Acorn Wellness Limited

Golden Acorn Wellness Limited (Registered number: 10066272)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Golden Acorn Wellness Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs R E Coldham
M L Coldham





REGISTERED OFFICE: 5 London Road
High Wycombe
Buckinghamshire
HP11 1BJ





REGISTERED NUMBER: 10066272 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Golden Acorn Wellness Limited (Registered number: 10066272)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 601 1,049
Tangible assets 5 118,916 149,387
119,517 150,436

CURRENT ASSETS
Stocks 6 353 483
Debtors 7 50,876 42,083
Cash at bank and in hand 14,511 2,827
65,740 45,393
CREDITORS
Amounts falling due within one year 8 (604,008 ) (503,595 )
NET CURRENT LIABILITIES (538,268 ) (458,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(418,751

)

(307,766

)

CREDITORS
Amounts falling due after more than one
year

9

(96,120

)

(130,278

)

PROVISIONS FOR LIABILITIES (4,228 ) (4,228 )
NET LIABILITIES (519,099 ) (442,272 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (519,299 ) (442,472 )
(519,099 ) (442,272 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Golden Acorn Wellness Limited (Registered number: 10066272)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





M L Coldham - Director


Golden Acorn Wellness Limited (Registered number: 10066272)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Golden Acorn Wellness 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% 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 Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Golden Acorn Wellness Limited (Registered number: 10066272)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Operating leases
Rentals paid under operating leases are charged to the Income Statement 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 the Income Statement in the period to which they relate.

Going concern
The directors have assessed the current position of the company and its future anticipated results. At the time of approving these financial statements, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future and as a result have adopted a going concern basis in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 2,342
AMORTISATION
At 1 January 2023 1,293
Amortisation for year 448
At 31 December 2023 1,741
NET BOOK VALUE
At 31 December 2023 601
At 31 December 2022 1,049

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 221,262 24,208 10,379 25,353 281,202
DEPRECIATION
At 1 January 2023 82,919 18,155 7,922 22,819 131,815
Charge for year 22,126 4,842 2,065 1,438 30,471
At 31 December 2023 105,045 22,997 9,987 24,257 162,286
NET BOOK VALUE
At 31 December 2023 116,217 1,211 392 1,096 118,916
At 31 December 2022 138,343 6,053 2,457 2,534 149,387

Golden Acorn Wellness Limited (Registered number: 10066272)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. STOCKS
2023 2022
£    £   
Stocks 353 483

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,595
VAT 13,602 -
Prepayments 37,274 38,488
50,876 42,083

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 35,251 35,251
Trade creditors 77,523 37,004
Social security and other taxes 5,110 4,740
VAT - 20,648
Other creditors 129 241
Directors' current account 320,037 259,681
Accruals and deferred income 165,958 146,030
604,008 503,595

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans due in 1-2 years 35,251 35,251
Bank loans due in 2-5 years 53,259 81,891
Bank loans due in more than 5 years 7,610 13,136
96,120 130,278

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years 7,610 13,136

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 55,000 55,000
Between one and five years 220,000 220,000
In more than five years - 55,000
275,000 330,000

Golden Acorn Wellness Limited (Registered number: 10066272)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 131,371 165,529

The bank loans are secured by a debenture comprising fixed and floating charges over all the assets of the company, and by a joint personal guarantee given by the directors up to a maximum value of £170,000.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M L Coldham and Mrs R E Coldham
Balance outstanding at start of year (259,681 ) (215,423 )
Amounts advanced - 1,577
Amounts repaid (60,356 ) (45,835 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (320,037 ) (259,681 )

The above loan from the directors to the company is interest-free, unsecured and repayable on demand.

See the secured debts note regarding the security given by the directors to the company.