Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13460357 2023-01-01 2023-12-31 13460357 2022-01-01 2022-12-31 13460357 2023-12-31 13460357 2022-12-31 13460357 2022-01-01 13460357 c:Director2 2023-01-01 2023-12-31 13460357 d:OfficeEquipment 2023-01-01 2023-12-31 13460357 d:OfficeEquipment 2023-12-31 13460357 d:OfficeEquipment 2022-12-31 13460357 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13460357 d:ComputerEquipment 2023-01-01 2023-12-31 13460357 d:ComputerEquipment 2023-12-31 13460357 d:ComputerEquipment 2022-12-31 13460357 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13460357 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13460357 d:CurrentFinancialInstruments 2023-12-31 13460357 d:CurrentFinancialInstruments 2022-12-31 13460357 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13460357 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13460357 d:ShareCapital 2023-01-01 2023-12-31 13460357 d:ShareCapital 2023-12-31 13460357 d:ShareCapital 2022-01-01 2022-12-31 13460357 d:ShareCapital 2022-12-31 13460357 d:ShareCapital 2022-01-01 13460357 d:SharePremium 2023-01-01 2023-12-31 13460357 d:SharePremium 2023-12-31 13460357 d:SharePremium 2022-01-01 2022-12-31 13460357 d:SharePremium 2022-12-31 13460357 d:SharePremium 2022-01-01 13460357 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13460357 d:RetainedEarningsAccumulatedLosses 2023-12-31 13460357 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 13460357 d:RetainedEarningsAccumulatedLosses 2022-12-31 13460357 d:RetainedEarningsAccumulatedLosses 2022-01-01 13460357 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13460357 c:OrdinaryShareClass1 2023-12-31 13460357 c:OrdinaryShareClass1 2022-12-31 13460357 c:FRS102 2023-01-01 2023-12-31 13460357 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13460357 c:FullAccounts 2023-01-01 2023-12-31 13460357 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13460357 d:WithinOneYear 2023-12-31 13460357 d:WithinOneYear 2022-12-31 13460357 d:BetweenOneFiveYears 2023-12-31 13460357 d:BetweenOneFiveYears 2022-12-31 13460357 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13460357









ARTAH NUTRITION LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ARTAH NUTRITION LTD
REGISTERED NUMBER: 13460357

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,711
2,946

  
1,711
2,946

Current assets
  

Stocks
 5 
180,768
76,397

Debtors: amounts falling due within one year
 6 
98,560
47,421

Cash at bank and in hand
  
90,283
159,247

  
369,611
283,065

Creditors: amounts falling due within one year
 7 
(252,935)
(97,392)

Net current assets
  
116,676
185,673

Total assets less current liabilities
  
118,387
188,619

  

Net assets
  
118,387
188,619


Capital and reserves
  

Called up share capital 
 8 
142
128

Share premium account
  
1,174,975
844,997

Profit and loss account
  
(1,056,730)
(656,506)

  
118,387
188,619


Page 1

 
ARTAH NUTRITION LTD
REGISTERED NUMBER: 13460357
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Rhiannon Stephenson
Director

Date: 23 September 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
ARTAH NUTRITION LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023


Called up share capital
Share premium account
Profit and loss account
Total equity

£
£
£
£


At 1 January 2022
127
794,980
(266,834)
528,273


Comprehensive income for the year

Loss for the year
-
-
(389,672)
(389,672)


Contributions by and distributions to owners

Shares issued during the year
1
50,017
-
50,018



At 1 January 2023
128
844,997
(656,506)
188,619


Comprehensive income for the year

Loss for the year
-
-
(400,224)
(400,224)


Contributions by and distributions to owners

Shares issued during the year
14
329,978
-
329,992


At 31 December 2023
142
1,174,975
(1,056,730)
118,387


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Artah Nutrition Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 13460357 and the registered office address is 4th Floor, Silverstream House, 45 Fitzroy Street, London, United Kingdom, W1T 6EB.
The principal activities are the sale of functional supplements and nutrition programmes. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the prospects and expected cashflows of the company for at least the twelve months from the date of approval of these financial statements.  In making this assessment, forecasts have been prepared by flexing revenue, future fundraising and reducing expenditure.  On the basis of these forecasts the directors have concluded that they expect the company to be able to meet its liabilities as and when they fall due and therefore have concluded that it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Page 4

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Office equipment
-
3
years straight line
Computer equipment
-
3
years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 7

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

2023
2022
£
£

Wages and salaries
268,871
172,918

Social security costs
15,313
11,900

Cost of defined contribution scheme
3,417
3,754

287,601
188,572


The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
2,046
3,017
5,063


Additions
-
625
625



At 31 December 2023

2,046
3,642
5,688



Depreciation


At 1 January 2023
911
1,205
2,116


Charge for the year on owned assets
682
1,179
1,861



At 31 December 2023

1,593
2,384
3,977



Net book value



At 31 December 2023
453
1,258
1,711



At 31 December 2022
1,134
1,812
2,946

Page 8

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
180,768
76,397

180,768
76,397



6.


Debtors

2023
2022
£
£


Trade debtors
24,921
17,500

Other debtors
67,286
18,640

Prepayments and accrued income
6,353
11,281

98,560
47,421



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,360
42,486

Other taxation and social security
15,880
3,595

Other creditors
51,767
4,225

Accruals and deferred income
159,928
47,086

252,935
97,392



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,422,692 (2022 - 1,281,668) Ordinary shares of £0.0001 each
142
128


During the year the company issued 141,024 Ordinary £0.0001 shares for an aggregate consideration of £329,996.

Page 9

 
ARTAH NUTRITION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,417 (2022: £3,754). Contributions totalling £729 (2022: £3,480) were payable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
-
28,015

Later than 1 year
-
-

-
28,015


11.


Related party transactions

During the period the Directors loaned the company £50,000, which was outstanding at the balance sheet date. The loan account is unstructured and is repayable on demand. No interest is charged on the loan amounts.

 
Page 10