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REGISTERED NUMBER: NI633449 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hortus Vitae Ltd

Hortus Vitae Ltd (Registered number: NI633449)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hortus Vitae Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J Bradley
Mrs B A Bradley
Mr P Bradley





REGISTERED OFFICE: 60B Station Road
MAGHERA
BT46 5EY





REGISTERED NUMBER: NI633449 (Northern Ireland)





ACCOUNTANTS: Gildernew & Co Ltd
Six Northland Row
DUNGANNON
Co. Tyrone
BT71 6AW

Hortus Vitae Ltd (Registered number: NI633449)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,224 97,375

CURRENT ASSETS
Stocks 812,358 825,898
Debtors 5 60,566 71,090
Cash at bank and in hand 376,933 323,291
1,249,857 1,220,279
CREDITORS
Amounts falling due within one year 6 331,822 348,963
NET CURRENT ASSETS 918,035 871,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,259

968,691

CREDITORS
Amounts falling due after more than one
year

7

24,720

32,829
NET ASSETS 995,539 935,862

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 995,439 935,762
995,539 935,862

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.

Hortus Vitae Ltd (Registered number: NI633449)

Balance Sheet - 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 11 July 2024 and were signed on its behalf by:




Mr P Bradley - Director Mr J Bradley - Director




Mrs B A Bradley - Director


Hortus Vitae Ltd (Registered number: NI633449)

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


1. STATUTORY INFORMATION

Hortus Vitae Ltd is a private company, limited by shares , registered in Northern Ireland. 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 etc - 25% reducing balance and 20% 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 balance sheet date.

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.

Hortus Vitae Ltd (Registered number: NI633449)

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


2. ACCOUNTING POLICIES - continued

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 31 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 254,413
Additions 20,050
At 31 December 2023 274,463
DEPRECIATION
At 1 January 2023 157,038
Charge for year 15,201
At 31 December 2023 172,239
NET BOOK VALUE
At 31 December 2023 102,224
At 31 December 2022 97,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 52,857 64,922
Other debtors 7,709 6,168
60,566 71,090

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 196,461 234,040
Taxation and social security 86,855 47,128
Other creditors 48,506 67,795
331,822 348,963

Hortus Vitae Ltd (Registered number: NI633449)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 24,720 32,829