Company Registration No. 07897317 (England and Wales)
Better Health Limited
Unaudited accounts
for the year ended 31 January 2024
Better Health Limited
Unaudited accounts
Contents
Better Health Limited
Company Information
for the year ended 31 January 2024
Directors
Jonathan Philp
Philippa Dunn
Company Number
07897317 (England and Wales)
Registered Office
C/O WONDERSTUFF 1 SALTERS ROAD
GOSFORTH
NEWCASTLE UPON TYNE
TYNE & WEAR
NE3 1DH
ENGLAND
Accountants
Harwood Business Services Limited
Woodstock
Felton
Morpeth
Northumberland
NE65 9HP
Better Health Limited
Statement of financial position
as at 31 January 2024
Tangible assets
5,651
4,886
Inventories
441,330
504,854
Cash at bank and in hand
287,795
4,947
Creditors: amounts falling due within one year
(428,404)
(580,727)
Net current assets
709,747
192,184
Total assets less current liabilities
715,398
197,070
Creditors: amounts falling due after more than one year
(367,114)
(239,705)
Net assets/(liabilities)
348,284
(42,635)
Called up share capital
270
245
Share premium
1,115,071
363,577
Profit and loss account
(767,057)
(406,457)
Shareholders' funds
348,284
(42,635)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by
Jonathan Philp
Director
Company Registration No. 07897317
Better Health Limited
Notes to the Accounts
for the year ended 31 January 2024
Better Health Limited is a private company, limited by shares, registered in England and Wales, registration number 07897317. The registered office is C/O WONDERSTUFF 1 SALTERS ROAD, GOSFORTH, NEWCASTLE UPON TYNE, TYNE & WEAR, NE3 1DH, ENGLAND.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Basis
Computer equipment
33% Straight Line Basis
The financial statements have been prepared on a going concern basis and in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). During the year the directors secured further shareholder and loan funding that provide the required funding to meet all liabilities as they fall due. For this reason the directors believe that the going concern basis for preparing the financial statements is appropriate.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
5,365
5,192
10,557
At 31 January 2024
5,365
8,169
13,534
At 1 February 2023
3,810
1,861
5,671
Charge for the year
233
1,979
2,212
At 31 January 2024
4,043
3,840
7,883
At 31 January 2024
1,322
4,329
5,651
At 31 January 2023
1,555
3,331
4,886
Better Health Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
266,153
192,070
Accrued income and prepayments
86,396
10,375
Other debtors
56,477
60,665
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
52,261
64,001
Trade creditors
143,011
374,046
Taxes and social security
18,488
28,670
Other creditors
46,603
32,074
Loans from directors
4,655
5,163
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
198,012
239,705
Other creditors includes a loan of £169,102 (2023: £Nil) from Broody Limited, a connected company by virtue of shareholding and a common director, P Dunn.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(5,163)
508
-
(4,655)
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).