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Registration number: 07939738

Health & Wellbeing Brands Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Health & Wellbeing Brands Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Health & Wellbeing Brands Limited

(Registration number: 07939738)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

-

-

Investments

6

201

201

 

201

201

Current assets

 

Stocks

81,727

220,159

Debtors

7

414,671

157,078

Cash at bank and in hand

 

63,907

16,435

 

560,305

393,672

Creditors: Amounts falling due within one year

8

(813,814)

(591,234)

Net current liabilities

 

(253,509)

(197,562)

Total assets less current liabilities

 

(253,308)

(197,361)

Creditors: Amounts falling due after more than one year

8

(464,000)

(464,000)

Net liabilities

 

(717,308)

(661,361)

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

82,460

82,460

Profit and loss account

(799,868)

(743,921)

Total equity

 

(717,308)

(661,361)

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Health & Wellbeing Brands Limited

(Registration number: 07939738)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 15 October 2024
 

.........................................
Mr P B Davies
Director

 

Health & Wellbeing Brands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 3C Enterprise Way
Airedale Business Centre
Skipton
North Yorkshire
BD23 2FJ
England

These financial statements were authorised for issue by the director on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date the company had net liabilities of £717,308 (2023 - £661,361). The director consider it appropriate to prepare the financial statements on the going concern basis as the company is supported by the director. The financial statements do not include any adjustments that would result from a withdrawal of this support.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

fully written off

Fixtures and fittings

fully written off

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patents and licences

fully written off

Development costs

fully written off

 

Health & Wellbeing Brands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

4

Intangible assets

Patent and licenses
£

Development costs
£

Total
£

Cost

At 1 April 2023

684

4,800

5,484

At 31 March 2024

684

4,800

5,484

Amortisation

At 1 April 2023

684

4,800

5,484

At 31 March 2024

684

4,800

5,484

Net book value

At 31 March 2024

-

-

-

5

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost

At 1 April 2023

62

191

6,063

6,316

At 31 March 2024

62

191

6,063

6,316

Depreciation

At 1 April 2023

62

191

6,063

6,316

At 31 March 2024

62

191

6,063

6,316

Net book value

At 31 March 2024

-

-

-

-

 

Health & Wellbeing Brands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

201

201

Subsidiaries

£

Cost

At 1 April 2023

201

Net book value

At 31 March 2024

201

At 31 March 2023

201

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Manflu Ltd

England and Wales

Ordinary

100%

100%

Only for Mum Ltd

England and Wales

Ordinary

100%

100%

Seven Days Vitamin Company Ltd

England and Wales

Ordinary

100%

100%

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

119,671

16,869

Amounts owed by related parties

9

295,000

138,000

Other debtors

 

-

2,209

   

414,671

157,078

 

Health & Wellbeing Brands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

36,911

42,007

trade creditors

 

4,570

43,687

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

401

401

Taxation and social security

 

34,902

4,323

Accruals and deferred income

 

2,434

750

Other creditors

 

734,596

500,066

 

813,814

591,234

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

464,000

464,000

The company has 464,000 preference shares in issue of £1 each, which have been classified as financial liabilities on the balance sheet.

 

Health & Wellbeing Brands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Related party transactions

Summary of transactions with parent

Vit Supermarket Ltd
(Parent company)

 There were no disclosable transactions during the year. At the balance sheet date the amount due from Vit Supermarket Ltd was £210,654 (2023 - £210,654).
 

Summary of transactions with entities with joint control or significant interest

Health & Wellbeing Online Ltd
(Controlled by Vit Supermarket Ltd)

 There were no disclosable transactions during the year. At the balance sheet date the amount due from Health & Wellbeing Online Ltd was £295,000 (2023 - £138,000).
 

Summary of transactions with subsidiaries

Manflu Ltd
(Subsidiary company)

 Dividend of £Nil (2023 - £Nil) was paid by Manflu Ltd, the subsidiary company to Health and Wellbeing Brands Ltd the parent company. At the balance sheet date the amount due to Manflu Ltd was £401 (2023 - £401).