Registration number:
Health & Wellbeing Brands Limited
for the Year Ended 31 March 2024
Health & Wellbeing Brands Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Health & Wellbeing Brands Limited
(Registration number: 07939738)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
- |
- |
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Tangible assets |
- |
- |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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100 |
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Share premium reserve |
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82,460 |
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Profit and loss account |
( |
(743,921) |
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Total equity |
( |
(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:
• |
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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
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Health & Wellbeing Brands Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Intangible assets |
Patent and licenses |
Development costs |
Total |
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Amortisation |
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At 1 April 2023 |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
- |
- |
- |
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Office equipment |
Total |
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Cost |
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At 1 April 2023 |
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At 31 March 2024 |
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Depreciation |
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At 1 April 2023 |
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At 31 March 2024 |
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Net book value |
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At 31 March 2024 |
- |
- |
- |
- |
Health & Wellbeing Brands Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost |
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At 1 April 2023 |
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Net book value |
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At 31 March 2024 |
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At 31 March 2023 |
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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 |
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2024 |
2023 |
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Subsidiary undertakings |
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England and Wales |
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England and Wales |
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England and Wales |
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Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
- |
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Health & Wellbeing Brands Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
2024 |
2023 |
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Due after one year |
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Other non-current financial liabilities |
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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
Related party transactions |
Summary of transactions with parent
(Parent company)
Summary of transactions with entities with joint control or significant interest
(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
(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).