Company Registration No. 10033859 (England and Wales)
CBD Health Foods Ltd
Unaudited accounts
for the year ended 31 March 2024
CBD Health Foods Ltd
Unaudited accounts
Contents
CBD Health Foods Ltd
Company Information
for the year ended 31 March 2024
Directors
Thomas Whettem
Jodie Mitchell
David Ralson
Company Number
10033859 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
Sidgrove
86-90 Paul Street
London
EC2A 4NE
CBD Health Foods Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
218,342
271,639
Inventories
228,065
232,921
Cash at bank and in hand
153,102
245,080
Creditors: amounts falling due within one year
(354,556)
(225,326)
Net current assets
1,005,417
1,513,188
Total assets less current liabilities
1,321,897
1,784,827
Provisions for liabilities
Deferred tax
(8,063)
(8,063)
Net assets
1,313,834
1,776,764
Called up share capital
1
1
Profit and loss account
1,313,833
1,776,763
Shareholders' funds
1,313,834
1,776,764
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
David Ralson
Director
Company Registration No. 10033859
CBD Health Foods Ltd
Notes to the Accounts
for the year ended 31 March 2024
CBD Health Foods Ltd is a private company, limited by shares, registered in England and Wales, registration number 10033859. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% - Straight Line (Warehouse Machinery) & 33.33% - Straight Line (Office Equipment)
Motor vehicles
10% - Straight Line
Fixtures & fittings
20% - Straight Line
Computer equipment
33.33% - Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
188,280
386,368
14,295
188,467
777,410
Additions
-
9,113
-
-
9,113
At 31 March 2024
188,280
395,481
14,295
188,467
786,523
At 1 April 2023
-
335,372
9,448
160,951
505,771
Charge for the year
-
36,723
808
24,879
62,410
At 31 March 2024
-
372,095
10,256
185,830
568,181
At 31 March 2024
188,280
23,386
4,039
2,637
218,342
At 31 March 2023
188,280
50,996
4,847
27,516
271,639
CBD Health Foods Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
-
Valuation at 31 March 2024
98,138
During the financial year, the company acquired two subsidiaries, Phytovista Laboratories Ltd and Goodbody Botanicals Ltd, on 1st August 2023 and 1st January 2024 respectively. The total consideration paid for these acquisitions was £98,138. These acquisitions align with the company’s strategy to expand its operations in the CBD oil sector.
Amounts falling due within one year
Trade debtors
58,469
162,119
Amounts due from group undertakings etc.
38,720
-
Accrued income and prepayments
81,552
119,682
Other debtors
800,065
978,712
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
89,322
107,669
Taxes and social security
43,068
54,486
Other creditors
19,842
2,303
Deferred income
50,295
25,695
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
CBD Health Foods Ltd
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
Subsidiaries:
At the Balance Sheet date receivable amounts were due from the following UK fully owned subsidiaries:
Goodbody Health Ltd: £3,183 (2023: £0)
Phytovista Laboratories Ltd: £35,537 (2023: £0)
These loans are unsecured, interest-free and repayable on demand
UK Entities:
At the Balance Sheet date receivable amounts were due from the following UK entities with a common Director & Owner:
AGI Health Ltd: £8,026 (2023: £0)
BCM Scientific Ltd: £12,397 (2023: £0)
CannDr Ltd: £29,704 (2023: £29,087)
Hemp Brands Ltd: £4,906 (2023: £0)
Mail Order Herbs Ltd: £965 (2023: £14,755)
These loans are unsecured, interest-free and repayable on demand
Non-UK Entities:
At the Balance Sheet date receivable amounts were due from the following non-UK entities with a common Director & Owner:
NomadAmbition (Incorporated in Portugal): £348,542 (2023: £348,346)
These loans are unsecured, interest-free and repayable on demand
10
Average number of employees
During the year the average number of employees was 16 (2023: 22).