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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
Page
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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
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CBD Health Foods Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
218,342 
271,639 
Investments
98,138 
- 
316,480 
271,639 
Current assets
Inventories
228,065 
232,921 
Debtors
978,806 
1,260,513 
Cash at bank and in hand
153,102 
245,080 
1,359,973 
1,738,514 
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 
Capital and reserves
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
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CBD Health Foods Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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CBD Health Foods Ltd Notes to the Accounts for the year ended 31 March 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
- 
Additions
98,138 
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.
6
Debtors
2024 
2023 
£ 
£ 
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 
978,806 
1,260,513 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
51,606 
1,349 
Trade creditors
89,322 
107,669 
Taxes and social security
43,068 
54,486 
Other creditors
19,842 
2,303 
Accruals
100,423 
33,824 
Deferred income
50,295 
25,695 
354,556 
225,326 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Thomas Whettem
175,760 
30,984 
- 
206,744 
David Ralson
6,241 
675 
- 
6,916 
182,001 
31,659 
- 
213,660 
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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).
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