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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
Page
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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
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Better Health Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,651 
4,886 
Current assets
Inventories
441,330 
504,854 
Debtors
409,026 
263,110 
Cash at bank and in hand
287,795 
4,947 
1,138,151 
772,911 
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)
Capital and reserves
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
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Better Health Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Going concern
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 
Additions
- 
2,977 
2,977 
At 31 January 2024
5,365 
8,169 
13,534 
Depreciation
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 
Net book value
At 31 January 2024
1,322 
4,329 
5,651 
At 31 January 2023
1,555 
3,331 
4,886 
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Better Health Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
409,026 
263,110 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
52,261 
64,001 
VAT
43,119 
20,508 
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 
Accruals
120,267 
56,265 
428,404 
580,727 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
198,012 
239,705 
Other creditors
169,102 
- 
367,114 
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.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jonathan Philp
Director's Loan
(5,163)
508 
- 
(4,655)
(5,163)
508 
- 
(4,655)
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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