Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 01552562 Mr Raoul Perfitt Mrs Vicki Borley Mrs Katharine Crew Herb U.K. (Holdings) Limited 610 Ampress Lane, Ampress Park, Lymington, SO41 8LW true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01552562 2022-12-31 01552562 2023-12-31 01552562 2023-01-01 2023-12-31 01552562 frs-core:CurrentFinancialInstruments 2023-12-31 01552562 frs-core:Non-currentFinancialInstruments 2023-12-31 01552562 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 01552562 frs-core:FurnitureFittings 2023-12-31 01552562 frs-core:FurnitureFittings 2023-01-01 2023-12-31 01552562 frs-core:FurnitureFittings 2022-12-31 01552562 frs-core:NetGoodwill 2023-12-31 01552562 frs-core:NetGoodwill 2023-01-01 2023-12-31 01552562 frs-core:NetGoodwill 2022-12-31 01552562 frs-core:OtherResidualIntangibleAssets 2023-12-31 01552562 frs-core:OtherResidualIntangibleAssets 2022-12-31 01552562 frs-core:PlantMachinery 2023-12-31 01552562 frs-core:PlantMachinery 2023-01-01 2023-12-31 01552562 frs-core:PlantMachinery 2022-12-31 01552562 frs-core:ShareCapital 2023-12-31 01552562 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 01552562 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01552562 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 01552562 frs-bus:SmallEntities 2023-01-01 2023-12-31 01552562 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01552562 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01552562 1 2023-01-01 2023-12-31 01552562 frs-core:DeferredTaxation 2023-01-01 2023-12-31 01552562 frs-core:DeferredTaxation 2022-12-31 01552562 frs-core:DeferredTaxation 2023-12-31 01552562 frs-bus:Director1 2023-01-01 2023-12-31 01552562 frs-bus:Director2 2023-01-01 2023-12-31 01552562 frs-bus:Director3 2023-01-01 2023-12-31 01552562 frs-countries:EnglandWales 2023-01-01 2023-12-31 01552562 2021-12-31 01552562 2022-12-31 01552562 2022-01-01 2022-12-31 01552562 frs-core:CurrentFinancialInstruments 2022-12-31 01552562 frs-core:Non-currentFinancialInstruments 2022-12-31 01552562 frs-core:ShareCapital 2022-12-31 01552562 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 01552562
Bio-Health Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01552562
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 23,612 28,373
23,612 28,373
CURRENT ASSETS
Stocks 6 147,057 187,934
Debtors 7 68,264 91,610
Cash at bank and in hand 1,404 3,385
216,725 282,929
Creditors: Amounts Falling Due Within One Year 8 (183,651 ) (157,487 )
NET CURRENT ASSETS (LIABILITIES) 33,074 125,442
TOTAL ASSETS LESS CURRENT LIABILITIES 56,686 153,815
Creditors: Amounts Falling Due After More Than One Year 9 (8,000 ) (12,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (4,111 ) (5,537 )
NET ASSETS 44,575 136,278
CAPITAL AND RESERVES
Called up share capital 12 76,906 76,906
Profit and Loss Account (32,331 ) 59,372
SHAREHOLDERS' FUNDS 44,575 136,278
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For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raoul Perfitt
Director
20/09/2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bio-Health Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01552562 . The registered office is The Herb Place Culpeper Close, Medway City Estate, Rochester, Kent, ME2 4HU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Capitalised Software Development.They are amortised to profit and loss account over its estimated economic life of 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Financial Instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Bank overdrafts are shown within borrowings or current liabilities.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Creditors
Trade and other creditors are recognised at the settlement amount due after any trade discount offered. Accruals are valued at the amount due in the future net of any trade discounts.
Interest-bearing borrowings
Interest-bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest-bearing borrowings are stated at amortised cost with any difference between the amount initially recognised and redemption value being recognised in theprofit and loss account over the period of the borrowings, together with any interest and fees payable, using the effective interest method.
2.8. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 6)
5 6
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4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2023 63,808 4,803 68,611
As at 31 December 2023 63,808 4,803 68,611
Amortisation
As at 1 January 2023 63,808 4,803 68,611
As at 31 December 2023 63,808 4,803 68,611
Net Book Value
As at 31 December 2023 - - -
As at 1 January 2023 - - -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2023 265,860 63,421 329,281
Additions - 1,977 1,977
Disposals (3,300 ) - (3,300 )
As at 31 December 2023 262,560 65,398 327,958
Depreciation
As at 1 January 2023 242,432 58,476 300,908
Provided during the period 4,686 1,187 5,873
Disposals (2,435 ) - (2,435 )
As at 31 December 2023 244,683 59,663 304,346
Net Book Value
As at 31 December 2023 17,877 5,735 23,612
As at 1 January 2023 23,428 4,945 28,373
6. Stocks
2023 2022
£ £
Stock 147,057 187,934
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 56,790 80,603
Other debtors 11,474 11,007
68,264 91,610
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 9,038 14,350
Bank loans and overdrafts 4,000 4,000
Amounts owed to participating interests 111,607 85,080
Other creditors 47,047 44,678
Taxation and social security 11,959 9,379
183,651 157,487
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 8,000 12,000
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 4,111 5,537
11. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 January 2023 5,537 5,537
Utilised (1,426 ) (1,426)
Balance at 31 December 2023 4,111 4,111
The Deferred Tax liability had been omitted in the prior year statutory accounts. The compariative figures have been restated to reflect the correct movement during the year ending 31st December 2023.
12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 76,906 76,906
13. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Herb U.K. (Holdings) Limited . Herb U.K. (Holdings) Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary at, 610 Ampress Lane, Ampress Park, Lymington, SO41 8LW . The ultimate controlling party is Herb U.K. (Holdings) Limited who controls 100% of the shares of Bio-Health Limited .
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