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REGISTERED NUMBER: 04375564 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2024

for

Natures Laboratory Limited

Natures Laboratory Limited (Registered number: 04375564)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Natures Laboratory Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mr J T Fearnley
Ms L C Kaya
Mr T Cull
Mr S D Katekhaye





SECRETARY: Mr J T Fearnley





REGISTERED OFFICE: Brereton Lodge
Goathland
Whitby
North Yorkshire
YO22 5JR





REGISTERED NUMBER: 04375564 (England and Wales)





ACCOUNTANTS: Philip Burley & Co
Chartered Accountants
28 Bagdale
Whitby
YO21 1QL

Natures Laboratory Limited (Registered number: 04375564)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,490 12,234
Tangible assets 5 52,577 45,970
54,067 58,204

CURRENT ASSETS
Stocks 169,314 168,616
Debtors 6 197,445 153,716
Cash at bank and in hand 4,649 5,002
371,408 327,334
CREDITORS
Amounts falling due within one year 7 212,315 181,507
NET CURRENT ASSETS 159,093 145,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,160

204,031

CREDITORS
Amounts falling due after more than one
year

8

(78,666

)

(89,901

)

PROVISIONS FOR LIABILITIES (7,036 ) (5,555 )
NET ASSETS 127,458 108,575

CAPITAL AND RESERVES
Called up share capital 344 345
Share premium - 350,166
Capital redemption reserve 75 74
Retained earnings 127,039 (242,010 )
SHAREHOLDERS' FUNDS 127,458 108,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Natures Laboratory Limited (Registered number: 04375564)

Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr J T Fearnley - Director


Natures Laboratory Limited (Registered number: 04375564)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Natures Laboratory Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of six years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Natures Laboratory Limited (Registered number: 04375564)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 March 2023 25,000 7,442 32,442
Disposals (25,000 ) - (25,000 )
At 28 February 2024 - 7,442 7,442
AMORTISATION
At 1 March 2023 15,000 5,208 20,208
Amortisation for year - 744 744
Eliminated on disposal (15,000 ) - (15,000 )
At 28 February 2024 - 5,952 5,952
NET BOOK VALUE
At 28 February 2024 - 1,490 1,490
At 28 February 2023 10,000 2,234 12,234

Natures Laboratory Limited (Registered number: 04375564)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 March 2023 119,557 122,321 241,878
Additions - 13,634 13,634
Disposals - (1,964 ) (1,964 )
At 28 February 2024 119,557 133,991 253,548
DEPRECIATION
At 1 March 2023 119,557 76,351 195,908
Charge for year - 5,843 5,843
Eliminated on disposal - (780 ) (780 )
At 28 February 2024 119,557 81,414 200,971
NET BOOK VALUE
At 28 February 2024 - 52,577 52,577
At 28 February 2023 - 45,970 45,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Trade debtors 66,210 63,840
Amounts owed by associates 54,975 56,332
Other debtors 76,260 33,544
197,445 153,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 15,939 20,788
Trade creditors 64,124 37,612
Taxation and social security 30,848 30,528
Other creditors 101,404 92,579
212,315 181,507

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Bank loans 29,226 26,630
Other creditors 49,440 63,271
78,666 89,901