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Registered number: 06748526
Finest Health Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06748526
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,499 875
1,499 875
CURRENT ASSETS
Stocks 5 10,521 10,521
Debtors 6 5,956 36,135
Cash at bank and in hand 7,050 10,823
23,527 57,479
Creditors: Amounts Falling Due Within One Year 7 (39,685 ) (82,126 )
NET CURRENT ASSETS (LIABILITIES) (16,158 ) (24,647 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,659 ) (23,772 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (196 ) (196 )
NET LIABILITIES (14,855 ) (23,968 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (14,955 ) (24,068 )
SHAREHOLDERS' FUNDS (14,855) (23,968)
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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
Mrs Monette Caadan
Director
28th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Finest Health Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06748526 . The registered office is 77 Belgrave, London, E13 8RT.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
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. Going Concern Disclosure
The directors' have provided assurances to the company that such additional funding as may be required to meet normal working capital requirements within the next twelve months from the date of approval of these financial statements will be made available and that the directors' will not be repaid in such a way as to detract from the company's ability to meet its other creditors and liabilities. On this basis the directors' consider it appropriate to prepare the financial statements on a going concern basis. Should this basis prove to be inappropriate the accounts would require adjustments to be made to reduce the value of assets to their recoverable amount, to provide for further liabilities which might arise and to reclassify fixed assets as current assets.
2.3. 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.
2.4. 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 on the following bases:
Plant & Machinery 15% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress 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.
2.6. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2023 8,074
Additions 889
As at 31 January 2024 8,963
Depreciation
As at 1 February 2023 7,199
Provided during the period 265
As at 31 January 2024 7,464
Net Book Value
As at 31 January 2024 1,499
As at 1 February 2023 875
5. Stocks
2024 2023
£ £
Finished goods 10,521 10,521
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 33,136
Other debtors 5,956 2,999
5,956 36,135
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 221
Other creditors 36,444 80,707
Taxation and social security 3,241 1,198
39,685 82,126
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Related Party Transactions
There is an oustanding loan due from directors of £32,784 (2023: £80,705) at the year end.
10. Ultimate Controlling Party
There is no ultimate controlling party.
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