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REGISTERED NUMBER: 10568730 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Dietary Assessment Ltd

Dietary Assessment Ltd (Registered number: 10568730)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Dietary Assessment Ltd (Registered number: 10568730)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,043 2,680

CURRENT ASSETS
Debtors 5 19,046 30,216
Cash at bank 10,997 90,463
30,043 120,679
CREDITORS
Amounts falling due within one year 6 113,761 87,318
NET CURRENT (LIABILITIES)/ASSETS (83,718 ) 33,361
TOTAL ASSETS LESS CURRENT
LIABILITIES

(82,675

)

36,041

CAPITAL AND RESERVES
Called up share capital 7 20 17
Share premium 8 1,656,125 1,255,735
Capital reserve 8 30,532 30,532
Retained earnings 8 (1,769,352 ) (1,250,243 )
(82,675 ) 36,041

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.

Dietary Assessment Ltd (Registered number: 10568730)

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 4 September 2024 and were signed on its behalf by:





Professor J Cade - Director


Dietary Assessment Ltd (Registered number: 10568730)

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

1. STATUTORY INFORMATION

Dietary Assessment Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10568730

Registered office: Nexus
Discovery Way
University of Leeds
Leeds
West Yorkshire
LS2 3AA

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% on cost

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Dietary Assessment Ltd (Registered number: 10568730)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Going concern
The financial statements have been prepared on the going concern basis, which assumes that the company will have sufficient financial resources available to continue to operate for the foreseeable future.

The company is in its early stages and has made a loss for the year of £519,109 (2022: £503,274). At the balance sheet date the company had net liabilities of £82,675 (2022: net assets of £36,041) and a positive cash balance of £10,997 (2022: £90,463).

Subsequent to the year end the company continued to receive further equity funding to support its expansion into new markets. As a result the directors consider that the company can continue to finance its operations and other obligations for a period of at least twelve months from the date of approval of these financial statements. The directors therefore believe it is appropriate for the financial statements to be prepared on a going concern basis. The financial statements do not include any adjustments which would result from an inability to secure continued financial support which may be required to enable the company to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

Dietary Assessment Ltd (Registered number: 10568730)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 8,760
Disposals (591 )
At 31 December 2023 8,169
DEPRECIATION
At 1 January 2023 6,080
Charge for year 1,342
Eliminated on disposal (296 )
At 31 December 2023 7,126
NET BOOK VALUE
At 31 December 2023 1,043
At 31 December 2022 2,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,886 6,820
Other debtors 12,160 23,396
19,046 30,216

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 27,202 22,876
Social security and other taxes 6,842 6,793
Other creditors - 323
Directors' current accounts 8,462 -
Accruals and deferred income 71,255 57,326
113,761 87,318

7. CALLED UP SHARE CAPITAL

During the year 250,245 ordinary shares of £0.00001 each were allotted as fully paid at a premium of £1.59999 per share.

Dietary Assessment Ltd (Registered number: 10568730)

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

8. RESERVES
Retained Share Capital
earnings premium reserve Totals
£    £    £    £   

At 1 January 2023 (1,250,243 ) 1,255,735 30,532 36,024
Deficit for the year (519,109 ) (519,109 )
Cash share issue - 400,390 - 400,390
At 31 December 2023 (1,769,352 ) 1,656,125 30,532 (82,695 )

The capital reserve comprises an amount of £30,532 received from the University of Leeds, a shareholder, during the period ended 31 December 2017. It represents the amount of net income, after deducting costs, which the project earned in the period before it was transferred into the company. It is not repayable to the shareholder.