Company registration number 10642767 (England and Wales)
CRAVE WELLBEING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
CRAVE WELLBEING LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CRAVE WELLBEING LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
8,000
8,000
Tangible assets
4
1,773
572
9,773
8,572
Current assets
Debtors
-
0
357
Cash at bank and in hand
150,381
11,264
150,381
11,621
Creditors: amounts falling due within one year
(85,607)
(10,280)
Net current assets
64,774
1,341
Net assets
74,547
9,913
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
74,447
9,813
Total equity
74,547
9,913

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

CRAVE WELLBEING LTD
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2024
28 February 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 11 October 2024 and are signed on its behalf by:
Mr R Crabbe
Director
Company registration number 10642767 (England and Wales)
CRAVE WELLBEING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Crave Wellbeing Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 82 Fedden Village, Portishead, BS20 8EJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Straight Line
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the tax currently payable.

CRAVE WELLBEING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Total
£
Cost
At 1 March 2023 and 28 February 2024
8,000
Amortisation and impairment
At 1 March 2023 and 28 February 2024
-
0
Carrying amount
At 28 February 2024
8,000
At 28 February 2023
8,000
CRAVE WELLBEING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 5 -
4
Tangible fixed assets
Total
£
Cost
At 1 March 2023
1,163
Additions
1,665
At 28 February 2024
2,828
Depreciation and impairment
At 1 March 2023
591
Depreciation charged in the year
464
At 28 February 2024
1,055
Carrying amount
At 28 February 2024
1,773
At 28 February 2023
572
2024-02-282023-03-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr R CrabbeMs K Macdonaldfalsefalse106427672023-03-012024-02-28106427672024-02-28106427672023-02-2810642767core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2810642767core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2810642767core:ShareCapital2024-02-2810642767core:ShareCapital2023-02-2810642767core:RetainedEarningsAccumulatedLosses2024-02-2810642767core:RetainedEarningsAccumulatedLosses2023-02-2810642767bus:Director12023-03-012024-02-2810642767core:Goodwill2023-03-012024-02-2810642767core:ComputerEquipment2023-03-012024-02-28106427672022-03-012023-02-28106427672023-02-2810642767bus:PrivateLimitedCompanyLtd2023-03-012024-02-2810642767bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2810642767bus:FRS1022023-03-012024-02-2810642767bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2810642767bus:Director22023-03-012024-02-2810642767bus:FullAccounts2023-03-012024-02-28xbrli:purexbrli:sharesiso4217:GBP