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COMPANY REGISTRATION NUMBER: 06460260
Holistic Trader Ltd
Unaudited financial statements
31 March 2024
Holistic Trader Ltd
Statement of financial position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
7,622
7,873
Current assets
Stocks
524,007
646,149
Debtors
6
713,613
395,208
Cash at bank and in hand
60,470
108,959
-----------
-----------
1,298,090
1,150,316
Creditors: Amounts falling due within one year
7
( 210,400)
( 212,546)
-----------
-----------
Net current assets
1,087,690
937,770
-----------
---------
Total assets less current liabilities
1,095,312
945,643
Provisions
Taxation including deferred tax
( 1,841)
( 1,969)
-----------
---------
Net assets
1,093,471
943,674
-----------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
1,092,471
942,674
-----------
---------
Shareholders funds
1,093,471
943,674
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 8 October 2024 , and are signed on behalf of the board by:
B D Almond
Director
Company registration number: 06460260
Holistic Trader Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Chestnut Drive, Wymondham Business Park, Wymondham, Norfolk, NR18 9SB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the year in which the related service is provided.
4. Employee numbers
The average number of employees during the year was 7 (2023: 9 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 April 2023
26,398
57,958
84,356
Additions
949
2,123
3,072
-------
-------
-------
At 31 March 2024
27,347
60,081
87,428
-------
-------
-------
Depreciation
At 1 April 2023
20,172
56,311
76,483
Charge for the year
1,625
1,698
3,323
-------
-------
-------
At 31 March 2024
21,797
58,009
79,806
-------
-------
-------
Carrying amount
At 31 March 2024
5,550
2,072
7,622
-------
-------
-------
At 31 March 2023
6,226
1,647
7,873
-------
-------
-------
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
533,958
69,000
Other debtors
179,655
326,208
---------
---------
713,613
395,208
---------
---------
7. Creditors: Amounts falling due within one year
2024
2023
£
£
Trade creditors
66,990
76,633
Social security and other taxes
105,704
115,235
Other creditors
37,706
20,678
---------
---------
210,400
212,546
---------
---------
8. Director's advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £90,512 (2023: £229,710). Interest of £3,562 (2023: £3,535) has been charged on the loan at the official rate.