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Nature's Answer Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Kane & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11161753
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 106,917 118,782
106,917 118,782
CURRENT ASSETS
Stocks 5 69,350 42,130
Debtors 6 7,394 29,730
Cash at bank and in hand 1,012 1,097
77,756 72,957
Creditors: Amounts Falling Due Within One Year 7 (421,951 ) (465,586 )
NET CURRENT ASSETS (LIABILITIES) (344,195 ) (392,629 )
TOTAL ASSETS LESS CURRENT LIABILITIES (237,278 ) (273,847 )
Creditors: Amounts Falling Due After More Than One Year 8 (112,278 ) (73,312 )
NET LIABILITIES (349,556 ) (347,159 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (349,558 ) (347,161 )
SHAREHOLDERS' FUNDS (349,556) (347,159)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Sejal Parmar
Director
30/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Nature's Answer Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11161753 . The registered office is 22 Brighton Road, Surbiton, Surrey, KT6 5PQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Leasehold
Fixtures & Fittings
Computer Equipment
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
...CONTINUED
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2.5. Taxation - continued
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2023: 13)
13 13
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2023 2,212 158,886 12,542 173,640
Additions - 6,613 - 6,613
As at 31 January 2024 2,212 165,499 12,542 180,253
Depreciation
As at 1 February 2023 - 42,316 12,542 54,858
Provided during the period - 18,478 - 18,478
As at 31 January 2024 - 60,794 12,542 73,336
Net Book Value
As at 31 January 2024 2,212 104,705 - 106,917
As at 1 February 2023 2,212 116,570 - 118,782
5. Stocks
2024 2023
£ £
Stock 69,350 42,130
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,019 25,355
Prepayments and accrued income 4,375 4,375
7,394 29,730
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,788 159,575
Other creditors 350,501 279,740
Taxation and social security 31,662 26,271
421,951 465,586
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 112,278 73,312
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 5