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REGISTERED NUMBER: 05541287 (England and Wales)












GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FOR

BETTERYOU LIMITED

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 10

Report of the Independent Auditor 12

Consolidated Income Statement 17

Consolidated Other Comprehensive Income 18

Consolidated Balance Sheet 19

Company Balance Sheet 21

Consolidated Statement of Changes in Equity 23

Company Statement of Changes in Equity 24

Consolidated Cash Flow Statement 25

Notes to the Consolidated Cash Flow Statement 27

Notes to the Consolidated Financial Statements 29


BETTERYOU LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024







DIRECTORS: Mr R Whitbread
Mr A Thomas
Mr G Shenton
Mr A Routley
Ms J Everatt
Miss S Peel





SECRETARY: Mr R Whitbread





REGISTERED OFFICE: Unit 24 Shortwood Court
Shortwood Business Park
Dearne Valley Parkway
Barnsley
South Yorkshire
S74 9LH





REGISTERED NUMBER: 05541287 (England and Wales)





AUDITOR: Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

The directors present their strategic report of the Company and the Group for the period 1 April 2023 to 30 September 2024.

EXECUTIVE SUMMARY

This Director's Report intends the cover the following:

- What we believe in and are experts in
- Our science - what makes us unique and what's coming
- B-Corp, Better Planet, People, Community
- Turnover growth headline
- GM% growth and overall profitability improvement
- Vit D focus, prescription status and performance
- Magnesium focus, demand growth and performance
- Working with Pioneers and Personalisation of nutrition
- Future development/outlook
- Risks are well managed

PRINCIPAL ACTIVITIES

BetterYou Limited ("the company") exists to offer everyone a better way to healthier, fuller lives.

We are experts in providing fast, effective nutritional supplements; concentrating on those that are essential for our body to function at its best.

We are committed to sourcing the most bioavailable form of each core ingredient and discovering the best mechanism of delivery: from pioneering oral spray technology to transdermal oils and lotions. Our products deliver nutrients right where you need them, providing fast effective absorption straight into the bloodstream.

BetterYou believes in "food first" and then filling the nutritional gaps increasingly left by modern diet and lifestyle. Of the nutrients that the majority of population require elevating, the primary ones are magnesium and vitamin D3. Any health intervention not based upon a foundation of optimal magnesium and vitamin D3 levels will simply not deliver an effective and long-lasting solution.

Through it's at-home blood-test service BetterYou is discovering additional nutrient deficiencies which are becoming increasingly responsible for common lifestyle health complaints. These are also entering the BetterYou product repertoire.

When it comes to elevating nutrient levels it is essential to access the bloodstream as quickly as possible, enabling the body to utilise the active vitamin or mineral without potential loss. When a nutritional elevation requirement becomes an urgent matter of patient health, an HCP would administer a nutrient directly into the bloodstream. The potential of loss in the gut through malabsorption in an inefficient and over-worked gut is simply too great. BetterYou believes every nutritional elevation should access the bloodstream directly, with no loss.. and we have pioneered and perfected this in the most efficacious, convenient and non-invasive way.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024


The pioneering delivery mechanisms that underpin BetterYou's uniqueness and efficacy are based upon ground-breaking absorption research (with IP fully owned by BetterYou Ltd) in conjunction with the universities of Cardiff, Sheffield and St Mark's Hospital, over almost two decades of product and clinical development.

The principle of "faster delivery when you need it most" is based, simply and firmly, on good science. Our emphasis on science-led product development has seen us win the prestigious Queen's Award for Enterprise, for Innovation.

Most recently our principles of Governance, People, Community, Environment and Customers has seen us achieve B Corp status, becoming one of only 2,500 businesses in the UK and 9,000 worldwide to be considered a true force for good.

With our staff being at the very heart of our ability to excel in all our areas of importance it was with a tremendous sense of pride when, in 2024, we were awarded "Outstanding" by Best Companies and designated as one of the top 50 small businesses in the UK to work for.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

BUSINESS REVIEW
BetterYou has performed exceptionally well in the period to September 2024 and has grown turnover by 16.5% and grown normalised operating profit by 373%. In addition to the growth in demand for the brand, the business has significantly improved both Product Margin and Gross Margin through a strong focus on operational efficiencies.

From pre-COVID to October 2024 the % of adults taking supplements in the UK grew from 49% to 66%. Not only has there been a growth in purchasers of supplements, the need for effective alternatives to tablets and capsules has never been greater. Multiple research studies suggest that between 31% and 40% of the population cannot take, would not benefit from taking or simply would prefer not to take another tablet or capsule if provided with an alternative. It's important to note that, of the people currently taking traditional supplements, a large and growing number of them will not be benefitting to the extent claimed by the label.

The major benefit offered by BetterYou to larger retailers is its incremental business. Shopper research evidence by Dunnhumby confirms that the brand is bringing new, younger and more affluent customers into the category area, with product choice being incremental to the basket size.

A key point to note during the period is the 12 month, year on year growth of online purchases of +34% compared to offline growth of +11%. Online sales within the category have grown to 65% of all purchases. With BetterYou online sales at 40% of total sales this provides significant growth opportunity for BetterYou.

Vitamin D and oral sprays

BetterYou's vitamin D offer remains exceptionally strong and it's recent out of home campaign and social media activity has delivered a growth in market share from 7.1% to 8% for the last 6 months of the period. The latest product development, combining vitamin K2 with vitamin D3, reinforcing vitamin D's bone-health benefits as well as immune health, has provided the company with a new best-selling sku.

Sales of all vitamin D oral sprays remain predominantly within bricks and mortar stores reinforcing product credibility and authority but online sales opportunities provide tremendous potential for future growth. During the period Holland & Barrett turned to BetterYou to help them create a virtual training programme for vitamin D which all 7,000 store staff will undertake.

During the year we were delighted to establish the full range of vitamin D oral sprays onto the British National Formulary enabling the range to be offered on prescription to the two million patients who are prescribed vitamin D on a monthly basis. The only vitamin D oral spray delivery product range available for prescription. An awareness and education campaign aimed at healthcare practitioners and their patients is now being created and is planned to tested regionally in the Autumn of 2025.

The development in Summer 2023 of the Health for All range created a focused collection of key oral sprays with the same product excellence but a shorter dose duration. This allowed the brand to leverage the growing opportunity instore of impulse purchase at till points. This has been met with enthusiasm from the larger discount multiples as well as community pharmacies and distribution continues at pace.



BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Magnesium

Magnesium underpins the reason BetterYou was created and the company's excellence in this category remains of significant strategic and business importance. BetterYou has seen healthy growth in both offline and online sales within its range of transdermal magnesium products.

Consumer interest in magnesium has grown and social media searches for the health benefits of magnesium have now over-taken those of both vitamin D and CBD.

Notably, the last 12 months of the period has seen the greatest category growth in online sales with 75% of sales now digital. With much of the digital search terms relating to a request for benefit clarity or ingredient information BetterYou has leveraged its educational excellence and produced a range of informative and accessible 'science and benefit' videos which will be launched across social media platforms throughout 2025.

To exploit the growth in both magnesium interest and product demand, BetterYou decided in 2023 to expand its delivery offer to include oral products, but still with an emphasis on pill-free convenience and optimal absorption. In December 2023 BetterYou launched MagnesiumWater, a range of functional drinks filling an under-served gap in the market for a high functioning, clean label magnesium-focused hydrating drink. Importantly it provides the highest amount of elemental magnesium currently available from a RTD (ready to drink) in the UK whilst adhering to BetterYou's customer promise of being free from any artificial ingredients. Launched initially on an exclusive basis with Holland & Barrett sales have been highly encouraging with the three skus quickly entering full distribution and establishing themselves in the top 2 best sellers in that category after only 8 weeks of launch. Importantly they have provided the brand with incremental customers, with 85% of MagnesiumWater purchasers new to the BetterYou brand.

Finally we were delighted to see published the clinical study on MagnesiumOil undertaken by the gastroenterology team at St Mark's Hospital, Harrow. This unique and vitally influential peer-reviewed clinical study was the first magnesium study undertaken on patients in an NHS facility providing proof of the efficacy of transdermal magnesium.

At-home testing kits

Launched twelve years ago, BetterYou was the first UK supplement brand to offer at-home serum testing kits and to provide customers with a truly personalised supplementation programme. This period has seen the brand establish a new, state of the art, laboratory partnership providing an even faster result turnaround for customers and expanding the nutrient offer from vitamin D to include iron, vitamin B12 and a combination test for all three nutrients.

ESG

The Better Planet Project, launched in 2019, continues to embody our passionate belief that health shouldn't cost the earth. The project ensures our products and business practices make the smallest negative impact possible on our communities and environment and has been dramatically enhanced by the achievement of B-Corp status.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

During the period we saw the entirety of our plastic packaging production move from the Far East to the UK and Europe, removing an average of 17,000miles of transportation every delivery. Due to excellent negotiation and value-engineering this also saw a reduction in average unit product costs. All product packaging is now 100% recyclable and derived from plant-based plastic, utilising an ethanol base from sugarcane rather than fossil fuel which has been evaluated as carbon-negative through collaboration with the Carbon Trust.

I am proud to confirm that we continue to maintain our absolute and unwavering commitment to producing products with are not only 100% Palm Oil but also Palm Oil Derivative free.

Charitable partnerships continue to underpin much of our community agenda and our relationship with Baby Basics and The Nightingale Trust remained strong during the period. Baby Basics provides essential infant and child support to vulnerable mothers and families often fleeing domestic abuse or refugees from war. In 2024 BetterYou provided over 6000 Mother and Child nutritional packages as well as supporting the charity operation with BetterYou staff providing over 200 volunteer hours. The Nightingale Trust provides gold-standard nutritional training for nurses covering pre and post-operative patient support. The nutritional training is considered to be the finest of any health system, anywhere in the World, and I am delighted to confirm that two members of the BetterYou senior management team are now trustees.

During the year BetterYou became one of the founding Gen-M partners. Gen-M is a collective of brands on a mission to help make the menopause a more positive experience, with relevant products carrying the "M-Tick" symbol and retail partners providing additional merchandising areas to display them.

Pioneers programme

As part of BetterYou's "Pioneers" programme and following the brand's nutritional support of the Antarctic Quest expedition in 2021 and the all-women trans-Atlantic Talisker Challenge rowing victory in 2022, BetterYou announced its partnership with Seas the Day, the intrepid female duo rowing team embarking on the world's first unsupported row across the Pacific Ocean. Following a 12 month period of serum analysis and dietary assessment BetterYou has developed the world's first truly personalised daily vitamin Oral Spray to compensate for the nutritional deficiencies in the crew's calorie-focused dry food programme. The team will expect to cover the 9000 miles over the course of 5 months, landing in Australia in the Summer of 2025.

BetterYou USA

The USA business continues to grow, most notably within CVS stores where both buyer and customer commitment to the brand remains positive and growing. The product offer in this market remains intentionally focused to transdermal magnesium only, with 5 skus available in close to 2000 retail outlets.
During the period BetterYou continued to establish the distributor model (set up the prior year), better suiting the company's international experience, and this has dramatically improved both the margin performance and ease of in-country management.
It is expected that the BetterYou USA will break-even within the next financial year.




BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Financial key performance Indicators

The directors have assessed that the following key performance indicators (KPIs) are relevant in tracking the group and companies' performance and fulfilment of its long-term strategic objectives.


2024
(18mth)

2023
(18mth)
£'000 £'000
Turnover 20,654 17,735

Gross Margin 11,128 8,139
Gross Margin % 53.9% 45.9%
Operating Profit excluding Exceptional Costs 1,833 45
Normalised Operating Profit* 2,012 425
Increase(decrease) in cash 496 (494)

Gross Margins are monitored by sales channel, product and customer against targets on a monthly basis to ensure that we optimise product mix, identify product re-engineering opportunities and select promotional activities to build our rate of sale in the most profitable channels. Gross Margin % has grown YOY by 17% improving by 8 percentage points.

The continuation of excellent relationships with long-term suppliers has ensured cost of goods strength with improvements seen in many areas.

*Despite strong improvement operating profit in the 18month period to 30 Sept 2024 has been impacted by some non-recurring expenses that do not meet the criteria for exceptional costs but nevertheless have had a significant impact on profit. There were also some non-recurring costs in the PY 18mth period that are also outlined below;


2024
(18mth)

2023
(18mth)
£'000 £'000

Sales & Marketing team restructure 179 -
Exceptional professional fees - 380

Other key performance Indicators

Monthly business reports and dashboards are presented to the Board to support the company's performance and track it against key targets. Examples of non-financial KPI's that are tracked include trees planted (as part of our continued commitment to The Better Planet Project), CO2 emissions and employee volunteering hours.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The company's operations expose it to a variety of risks that include the effects of changes in inflation, foreign exchange rates, liquidity risk and credit risk. The company seeks to limit the adverse effects of its financial performance by keeping sufficient cash reserves to cover short term liabilities.

The company must assess the impact of price increases on customer demand and balance this the need to maintain margins whilst absorbing possible raw material, componentry and manufacturing cost pressures. This risk, alongside potential disruption to our supply chain from changes in regulation, shortages of key ingredients etc. is mitigated by having alternative suppliers for key raw materials, components, and manufacture and close and strategic relationships with critical supply chain partners.

The company undertakes appropriate checks of credit worthiness on potential customers before sales are made. In cases where a credit risk is deemed possible or likely then an advanced payment structure is put in place. The amount of exposure to any individual customer is subject to limit and is monitored to limit the risk as far as possible.

The company is exposed to foreign exchange risk as it enters into sales transaction with overseas suppliers and customers. The Company manages its exposure to this risk by assessing and managing the net level of trade debtor balances, trade creditor balances and cash balances denominated in foreign currencies. The Company does not use derivative financial instruments to manage the exposure to foreign currencies at present.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

GROUP STRATEGIC REPORT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

FUTURE DEVELOPMENTS
We continue to forecast significant growth for BetterYou to the year ending 30th September 2025. The £1.5 billion supplement market in the UK is expected to grow +6.53% between 2024-2029. In particular, there are key sector dynamics which provide confidence in the growth of two primary areas for BetterYou. The vitamin D market growth is set to continue as we understand the magnitude of public insufficiency due to modern internal lifestyles and the health impact this is having. BetterYou will continue to grow its product range and authority in this area, both off and online.

Magnesium supplementation has been at the heart of the BetterYou product offer since its very beginning but for many years it has been a relatively lone voice in the UK. This mineral's dramatic surge in interest is set to continue, particularly online, and BetterYou will increase its category presence as a source of information, education and product innovation. MagnesiumPowder, a range of high potency magnesium to be added to water or a base drink of choice, will represent our most recent launch into the magnesium market, continuing BetterYou excellence in bioavailability whilst joining MagnesiumWater in expanding the consumer choice in magnesium delivery options.

Science remains one of our customer's most potent reason for loyalty and BetterYou continues to invest in efficacy proof points with our most ambitious absorption study to date. During 2025 Newcastle University will be undertaking a groundbreaking double-blinded placebo study of key groups for whom their vitamin D needs are currently largely unmet by the traditional tablet and capsule offer. This, together with our recent prescription status will fuel an awareness programme within Health Care Practitioners commencing in the Autumn of 2025.

ON BEHALF OF THE BOARD:





Mr A Thomas - Director


25 March 2025

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

The directors present their report with the financial statements of the Company and the Group for the period 1 April 2023 to 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the Group in the period under review was that of production of alternative health products.

DIVIDENDS
No dividends will be distributed for the period ended 30 September 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Mr R Whitbread
Mr A Thomas
Mr G Shenton

Other changes in directors holding office are as follows:

Mrs J Julian - resigned 29 February 2024
Mr A Routley - appointed 1 October 2023
Ms J Everatt - appointed 1 October 2023
Miss S Peel - appointed 19 August 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

REPORT OF THE DIRECTORS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

STATEMENT OF DIRECTORS' RESPONSIBILITIES - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's and the Group's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Group's auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the Group's auditor is aware of that information.

AUDITOR
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr A Thomas - Director


25 March 2025

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
BETTERYOU LIMITED

Opinion
We have audited the financial statements of BetterYou Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the period ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the Group's and of the Parent Company affairs as at 30 September 2024 and of the Group's profit for the period then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
BETTERYOU LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
BETTERYOU LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on pages ten and eleven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
BETTERYOU LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
BETTERYOU LIMITED


Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in a Report of the Auditor and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Robert Watson FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD

25 March 2025

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED INCOME STATEMENT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Period Period
1.4.23 to 30.9.24 1.10.21 to 31.3.23
as restated
Notes £    £    £    £   

TURNOVER 3 20,654,276 17,735,057

Cost of sales 9,526,433 9,595,821
GROSS PROFIT 11,127,843 8,139,236

Distribution costs 919,142 1,064,371
Administrative expenses 8,600,007 7,029,481
9,519,149 8,093,852
OPERATING PROFIT 5 1,608,694 45,384

Interest receivable and similar income 1,759 2,977
1,610,453 48,361
Amounts written off investments 8 2 -
1,610,451 48,361

Interest payable and similar expenses 9 161,953 190,568
PROFIT/(LOSS) BEFORE TAXATION 1,448,498 (142,207 )

Tax on profit/(loss) 10 576,273 121,651
PROFIT/(LOSS) FOR THE FINANCIAL
PERIOD

872,225

(263,858

)
Profit/(loss) attributable to:
Owners of the parent 872,225 (221,069 )
Non-controlling interests - (42,789 )
872,225 (263,858 )

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
Notes £    £   

PROFIT/(LOSS) FOR THE PERIOD 872,225 (263,858 )


OTHER COMPREHENSIVE INCOME
Purchase of own shares (65,705 ) -
Capital redemption reserve 5 -
Share options reserve 14,672 -
Income tax relating to components of
other comprehensive income

-

-
OTHER COMPREHENSIVE INCOME FOR
THE PERIOD, NET OF INCOME TAX

(51,028

)

-
TOTAL COMPREHENSIVE INCOME FOR
THE PERIOD

821,197

(263,858

)

Total comprehensive income attributable to:
Owners of the parent 821,197 (221,069 )
Non-controlling interests - (42,789 )
821,197 (263,858 )

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 13 18,531 23,738
Tangible assets 14 263,435 361,858
Investments 15 - 2
281,966 385,598

CURRENT ASSETS
Stocks 16 1,993,283 1,329,024
Debtors 17 2,716,832 2,357,094
Cash at bank and in hand 633,403 137,420
5,343,518 3,823,538
CREDITORS
Amounts falling due within one year 18 3,831,175 2,936,747
NET CURRENT ASSETS 1,512,343 886,791
TOTAL ASSETS LESS CURRENT LIABILITIES 1,794,309 1,272,389

CREDITORS
Amounts falling due after more than
one year

19

(175,742

)

(484,889

)

PROVISIONS FOR LIABILITIES 23 (46,883 ) (63,417 )
NET ASSETS 1,571,684 724,083

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED BALANCE SHEET - continued
30 SEPTEMBER 2024

30.9.24 31.3.23
as restated
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 24 491 468
Share premium 245,667 219,286
Capital redemption reserve 32 27
Other reserves 14,672 -
Retained earnings 1,310,822 574,425
SHAREHOLDERS' FUNDS 1,571,684 794,206

NON-CONTROLLING INTERESTS - (70,123 )
TOTAL EQUITY 1,571,684 724,083

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr A Thomas - Director


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 13 18,531 23,738
Tangible assets 14 259,526 352,654
Investments 15 679 681
278,736 377,073

CURRENT ASSETS
Stocks 16 1,993,283 1,192,401
Debtors 17 4,580,851 3,758,803
Cash at bank and in hand 626,414 103,003
7,200,548 5,054,207
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

18

3,724,640

2,756,412
NET CURRENT ASSETS 3,475,908 2,297,795
TOTAL ASSETS LESS CURRENT LIABILITIES 3,754,644 2,674,868

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

19

(175,742

)

(484,889

)

PROVISIONS FOR LIABILITIES 23 (46,883 ) (63,417 )
NET ASSETS 3,532,019 2,126,562

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

COMPANY BALANCE SHEET - continued
30 SEPTEMBER 2024

30.9.24 31.3.23
as restated
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 24 491 468
Share premium 245,667 219,286
Capital redemption reserve 32 27
Other reserves 14,672 -
Retained earnings 3,271,157 1,906,781
SHAREHOLDERS' FUNDS 3,532,019 2,126,562

Company's profit for the financial year 1,430,081 591,932

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





Mr A Thomas - Director


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Called up Capital
share Retained Share redemption
capital earnings premium reserve
£    £    £    £   
Balance at 1 October 2021 468 795,494 219,286 27

Changes in equity
Total comprehensive income - (221,069 ) - -
Balance at 31 March 2023 468 574,425 219,286 27

Changes in equity
Increase in share capital - (70,123 ) - -
Total comprehensive income - 806,520 - 5
Balance at 30 September 2024 468 1,310,822 219,286 32
Other Non-controlling Total
reserves Total interests equity
£    £    £    £   
Balance at 1 October 2021 - 1,015,275 (27,334 ) 987,941

Changes in equity
Total comprehensive income - (221,069 ) (42,789 ) (263,858 )
Balance at 31 March 2023 - 794,206 (70,123 ) 724,083

Changes in equity
Increase in share capital - (70,123 ) 70,123 -
Total comprehensive income 14,672 821,197 - 821,197
Balance at 30 September 2024 14,672 1,545,280 - 1,545,280

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1 October 2021 468 1,314,849 219,286

Changes in equity
Total comprehensive income - 591,932 -
Balance at 31 March 2023 468 1,906,781 219,286

Changes in equity
Issue of share capital 23 - 26,381
Total comprehensive income - 1,364,376 -
Balance at 30 September 2024 491 3,271,157 245,667
Capital
redemption Other Total
reserve reserves equity
£    £    £   
Balance at 1 October 2021 27 - 1,534,630

Changes in equity
Total comprehensive income - - 591,932
Balance at 31 March 2023 27 - 2,126,562

Changes in equity
Issue of share capital - - 26,404
Total comprehensive income 5 14,672 1,379,053
Balance at 30 September 2024 32 14,672 3,532,019

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,792,329 1,597,751
Interest paid (160,516 ) (184,794 )
Interest element of hire purchase
payments paid

(1,437

)

(5,774

)
Tax paid (199,821 ) (29,287 )
Net cash from operating activities 1,430,555 1,377,896

Cash flows from investing activities
Purchase of intangible fixed assets - (4,280 )
Purchase of tangible fixed assets (200,375 ) (121,185 )
Sale of tangible fixed assets 15,853 20,121
Sale of fixed asset investments 2 -
Interest received 1,759 2,977
Net cash from investing activities (182,761 ) (102,367 )

Cash flows from financing activities
Loan repayments in year (349,423 ) (552,979 )
Capital repayments in year (2,473 ) (15,048 )
Amount introduced by directors - 55,449
Amount withdrawn by directors (55,519 ) (74,126 )
Share issue 28 -
Share buyback (5 ) -
Invoice financing (319,772 ) (1,183,324 )
Premium on share issue 26,381 -
Premium on redemption of shares (65,700 ) -
EMI share options granted 14,672 -
Net cash from financing activities (751,811 ) (1,770,028 )

Increase/(decrease) in cash and cash equivalents 495,983 (494,499 )

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
Notes £    £   
Cash and cash equivalents at beginning
of period

2

137,420

631,919

Cash and cash equivalents at end of
period

2

633,403

137,420

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Profit/(loss) before taxation 1,448,498 (142,207 )
Depreciation charges 279,431 361,267
Loss on disposal of fixed assets 8,720 42,831
Finance costs 161,953 190,568
Finance income (1,759 ) (2,977 )
1,896,843 449,482
(Increase)/decrease in stocks (664,259 ) 1,098,417
(Increase)/decrease in trade and other debtors (354,738 ) 138,789
Increase/(decrease) in trade and other creditors 914,483 (88,937 )
Cash generated from operations 1,792,329 1,597,751

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Period ended 30 September 2024
30.9.24 1.4.23
£    £   
Cash and cash equivalents 633,403 137,420
Period ended 31 March 2023
31.3.23 1.10.21
as restated
£    £   
Cash and cash equivalents 137,420 631,919


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.4.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 137,420 495,983 633,403
137,420 495,983 633,403
Debt
Finance leases (2,473 ) 2,473 -
Debts falling due within 1 year (248,340 ) 40,731 (207,609 )
Debts falling due after 1 year (484,434 ) 308,692 (175,742 )
(735,247 ) 351,896 (383,351 )
Total (597,827 ) 847,879 250,052

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

BetterYou 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 General Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the current period have been prepared for a period of 18 months, covering 1 April 2023 to 30 September 2024, in order to align the reporting cycle with that of a subsidiary. This is consistent with the prior reporting period, which also covered 18 months. However, due to the seasonal nature of the business, it is important to note that the two periods cover different time frames, each with distinct seasonal demand patterns.

Basis of consolidation
The consolidated financial statements comprise the results of the parent company; BetterYou Limited and its subsidiary; BetterYou USA Limited.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable, and is shown net of discounts, rebates and value added tax.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 33% on cost and 20% on cost
Fixtures and fittings - 50% on cost and 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost, 25% on cost and 20% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the average cost formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Consolidated 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 period 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.

Research and development
Research and development costs are expensed in the year in which they are incurred.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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

Share based payment transactions
The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees in the prior year are measured by reference to the fair value of equity instruments issued at the date of grant. Amounts are expensed on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions.

3. TURNOVER

The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the Group.

An analysis of turnover by geographical market is given below:

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
United Kingdom 15,117,738 12,018,522
International 5,536,538 5,716,535
20,654,276 17,735,057

The turnover and profit before taxation are attributable to the one principal activity of the Group.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Wages and salaries 3,939,831 2,884,665
Social security costs 346,210 414,131
Other pension costs 146,528 238,703
4,432,569 3,537,499

The average number of employees during the period was as follows:
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated

Admin 10 10
Logistics 7 8
Directors 5 4
Sales 11 14
Marketing 13 14
46 50

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Directors' remuneration 960,921 679,888
Directors' pension contributions to money purchase schemes 35,969 25,565

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 4 3

Information regarding the highest paid director is as follows:
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Emoluments etc 267,854 219,852
Pension contributions to money purchase schemes 4,201 4,201

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Hire of plant and machinery 15,010 9,654
Other operating leases 172,376 152,793
Depreciation - owned assets 274,225 341,645
Depreciation - assets on hire purchase contracts - 14,428
Loss on disposal of fixed assets 8,720 42,831
Patents and licences amortisation 5,207 5,194
Research and development expenditure 568,000 242,107
Gain on foreign exchange differences (5,045 ) 135,625

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

6. AUDITORS' REMUNERATION
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Fees payable to the Company's auditor for the audit of the
Company's financial statements

25,000

19,000

7. EXCEPTIONAL ITEMS
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Exceptional items (224,629 ) -

The exceptional item of £224,629 represents compensation paid by the Company of £200,000 as a full and final settlement of all claims related to a breach of exclusivity and associated legal costs of £24,629. This payment resolves any outstanding liabilities arising from the breach.

8. AMOUNTS WRITTEN OFF INVESTMENTS
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Amounts written off
investments 2 -

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

9. INTEREST PAYABLE AND SIMILAR EXPENSES
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Bank interest 93,269 48,092
Streamline and paypal charges 41,942 36,530
Invoice financing charges 23,296 100,057
Late payment interest 2,009 115
Hire purchase interest 1,437 5,774
161,953 190,568

10. TAXATION

Analysis of the tax charge
The tax charge on the profit for the period was as follows:
Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Current tax:
UK corporation tax 566,118 173,455
Over-provision of corporation tax charge 25,689 (45,062 )
US taxes 1,000 9,520
Total current tax 592,807 137,913

Deferred tax (16,534 ) (16,262 )
Tax on profit/(loss) 576,273 121,651

UK corporation tax has been charged at 25 % (2023 - 19 %).

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

10. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the period is higher than the standard rate of corporation tax in the UK. The difference is explained below:

Period Period
1.4.23 1.10.21
to to
30.9.24 31.3.23
as restated
£    £   
Profit/(loss) before tax 1,448,498 (142,207 )
Profit/(loss) multiplied by the standard rate of corporation tax in
the UK of 25 % (2023 - 19 %)

362,125

(27,019

)

Effects of:
Expenses not deductible for tax purposes 53,914 69,158
Depreciation in excess of capital allowances 14,354 32,512
Adjustments to tax charge in respect of previous periods 25,689 (45,069 )
Research and development enhanced deduction - (59,800 )
Deferred tax movement (16,534 ) (16,262 )
Utilisation of trading charges (3,489 ) (2,180 )
BetterYou USA Limited losses not subject to corporation tax 139,214 160,791
US taxes 1,000 9,520
Total tax charge 576,273 121,651

Tax effects relating to effects of other comprehensive income

1.4.23 to 30.9.24
Gross Tax Net
£    £    £   
Purchase of own shares (65,705 ) - (65,705 )
Capital redemption reserve 5 - 5
Share options reserve 14,672 - 14,672
(51,028 ) - (51,028 )

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

11. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


12. PRIOR YEAR ADJUSTMENT

In preparing the financial statements for the period ending 30 September 2024, it was identified that there was a misstatement in turnover for the comparative period ended 31 March 2023. The misstatement arose due to the classification of customer rebates to cost of sales, resulting in an overstatement of turnover by £867,050 and an overstatement of cost of sales by the same amount in the prior period.

The impact of this correction has been reflected in the prior period adjustment. As a result, the comparative figures for the period ended 31 March 2023 have been restated as follows:

Turnover for the period ended 31 March 2023 has been adjusted by £867,050, from £18,602,107 to £17,735,057.

Cost of sales for the period ended 31 March 2023 has been adjusted by £867,050, from £10,462,871 to £9,595,821.

There has been no effect on reported profit in the prior period and accordingly no balance sheet adjustment.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

13. INTANGIBLE FIXED ASSETS

Group
Patents
and
licences
£   
COST
At 1 April 2023
and 30 September 2024 34,708
AMORTISATION
At 1 April 2023 10,970
Amortisation for period 5,207
At 30 September 2024 16,177
NET BOOK VALUE
At 30 September 2024 18,531
At 31 March 2023 23,738

Company
Patents
and
licences
£   
COST
At 1 April 2023
and 30 September 2024 34,708
AMORTISATION
At 1 April 2023 10,970
Amortisation for period 5,207
At 30 September 2024 16,177
NET BOOK VALUE
At 30 September 2024 18,531
At 31 March 2023 23,738

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

14. TANGIBLE FIXED ASSETS

Group
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 478,479 397,775 78,444 279,157 1,233,855
Additions 31,349 131,998 - 37,028 200,375
Disposals - - (78,444 ) (14,573 ) (93,017 )
At 30 September 2024 509,828 529,773 - 301,612 1,341,213
DEPRECIATION
At 1 April 2023 273,718 354,858 43,823 199,598 871,997
Charge for period 123,403 76,887 6,992 66,943 274,225
Eliminated on disposal - - (50,815 ) (17,629 ) (68,444 )
At 30 September 2024 397,121 431,745 - 248,912 1,077,778
NET BOOK VALUE
At 30 September 2024 112,707 98,028 - 52,700 263,435
At 31 March 2023 204,761 42,917 34,621 79,559 361,858

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

14. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 23,740
Disposals (23,740 )
At 30 September 2024 -
DEPRECIATION
At 1 April 2023 19,123
Eliminated on disposal (19,123 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 4,617

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

14. TANGIBLE FIXED ASSETS - continued

Company
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 478,479 397,775 78,444 259,008 1,213,706
Additions 31,349 131,998 - 36,236 199,583
Disposals - - (78,444 ) - (78,444 )
At 30 September 2024 509,828 529,773 - 295,244 1,334,845
DEPRECIATION
At 1 April 2023 273,718 354,858 43,823 188,653 861,052
Charge for period 123,403 76,887 6,992 57,800 265,082
Eliminated on disposal - - (50,815 ) - (50,815 )
At 30 September 2024 397,121 431,745 - 246,453 1,075,319
NET BOOK VALUE
At 30 September 2024 112,707 98,028 - 48,791 259,526
At 31 March 2023 204,761 42,917 34,621 70,355 352,654

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

14. TANGIBLE FIXED ASSETS - continued

Company

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 23,740
Disposals (23,740 )
At 30 September 2024 -
DEPRECIATION
At 1 April 2023 19,123
Eliminated on disposal (19,123 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 4,617

15. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakin
£   
COST
At 1 April 2023 2
Disposals (2 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 2

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

15. FIXED ASSET INVESTMENTS - continued

Company
Shares in
group
undertakin
£   
COST
At 1 April 2023 681
Disposals (2 )
At 30 September 2024 679
NET BOOK VALUE
At 30 September 2024 679
At 31 March 2023 681

The Group or the Company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary


BetterYou USA Limited
Registered office: 3500 S Dupont Hwy, Camden, DE 19934, USA
Nature of business: sale of alternative health products
%
Class of shares: holding
Ordinary 100.00
30.9.24 31.3.23
£    £   
Aggregate capital and reserves (1,959,657 ) (1,401,799 )
Loss for the period (557,858 ) (855,789 )


BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

16. STOCKS

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Components and raw materials 730,502 366,808 730,502 366,808
Finished goods 1,262,781 962,216 1,262,781 825,593
1,993,283 1,329,024 1,993,283 1,192,401

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Trade debtors 2,412,522 2,147,839 2,270,943 1,931,423
Amounts owed by group undertakings - - 2,007,472 1,624,195
Other debtors 45,793 19,385 45,793 19,385
Directors' current accounts 5,000 - 5,000 -
Prepayments and accrued income 253,517 189,870 251,643 183,800
2,716,832 2,357,094 4,580,851 3,758,803

Secured within trade debtors and amounts owed by group undertakings is £2,494,191 in relation to the invoice financing creditor.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Bank loans and overdrafts (see note 20) 155,501 200,706 155,501 200,706
Other loans (see note 20) 52,108 47,634 52,108 47,634
Hire purchase contracts (see note 21) - 2,018 - 2,018
Trade creditors 1,774,382 1,115,488 1,776,079 1,072,131
Corporation tax 566,118 173,132 566,118 173,455
Social security and other taxes 66,120 56,966 66,120 56,966
VAT 88,976 201,148 88,976 201,148
Invoice financing 162,260 482,033 162,260 482,033
Other creditors 22,316 64,377 22,316 64,377
Directors' current accounts - 50,519 - 50,519
Accruals and deferred income 943,394 542,726 835,162 405,425
3,831,175 2,936,747 3,724,640 2,756,412

19. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Bank loans (see note 20) 106,063 337,739 106,063 337,739
Other loans (see note 20) 69,679 146,695 69,679 146,695
Hire purchase contracts (see note 21) - 455 - 455
175,742 484,889 175,742 484,889

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

20. LOANS

An analysis of the maturity of loans is given below:

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 155,501 200,706 155,501 200,706
Other loans 52,108 47,634 52,108 47,634
207,609 248,340 207,609 248,340
Amounts falling due between one and two years:
Bank loans - 1-2 years 106,063 153,369 106,063 153,369
Other loans - 1-2 years 55,323 50,572 55,323 50,572
161,386 203,941 161,386 203,941
Amounts falling due between two and five years:
Bank loans - 2-5 years - 184,370 - 184,370
Other loans - 2-5 years 14,356 96,123 14,356 96,123
14,356 280,493 14,356 280,493

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

21. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
30.9.24 31.3.23
as restated
£    £   
Net obligations repayable:
Within one year - 2,018
Between one and five years - 455
- 2,473

Company
Hire purchase contracts
30.9.24 31.3.23
as restated
£    £   
Net obligations repayable:
Within one year - 2,018
Between one and five years - 455
- 2,473

Company
Non-cancellable operating leases
30.9.24 31.3.23
as restated
£    £   
Within one year 226,172 130,317
Between one and five years 367,207 405,673
593,379 535,990

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

22. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Bank loans 261,564 538,445 261,564 538,445
Hire purchase contracts - 2,473 162,260 482,033
Invoice financing - 482,033 - -
261,564 1,022,951 423,824 1,020,478

Contract Monies charge dated 20 October 2014 and 25 April 2024.

Debenture including Fixed Charge over all present freehold and leasehold property; First Fixed Charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and First Floating Charge over all assets and undertaking both present and future dated 20 June 2014.

23. PROVISIONS FOR LIABILITIES

Group Company
30.9.24 31.3.23 30.9.24 31.3.23
as
restated
as
restated
£    £    £    £   
Deferred tax 46,883 63,417 46,883 63,417

Group
Deferred
tax
£   
Balance at 1 April 2023 63,417
Credit to Income Statement during period (16,534 )
Balance at 30 September 2024 46,883

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

23. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 April 2023 63,417
Credit to Statement of Comprehensive Income during period (16,534 )
Balance at 30 September 2024 46,883

24. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 31.3.23
value: as
restated
£    £   
210 A Ordinary £1 210 210
206 B Ordinary £1 206 206
19 C Ordinary £1 19 24
14 D Ordinary £1 14 14
14 E Ordinary £1 14 14
28 G Ordinary £1 28 -
491 468

The following shares were issued during the period:

28 G Ordinary shares of £1 for consideration of £26,409.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

25. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 September 2024 and 31 March 2023:

30.9.24 31.3.23
as restated
£    £   
A Thomas
Balance outstanding at start of period - 13,146
Amounts advanced - 108,224
Amounts repaid - (121,370 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

R Whitbread
Balance outstanding at start of period - 42,303
Amounts advanced - 137,107
Amounts repaid - (179,410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Mrs J Julian
Balance outstanding at start of period (50,519 ) -
Amounts advanced 50,519 45,021
Amounts repaid - (95,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (50,519 )

G Shenton
Balance outstanding at start of period - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 5,000 -

Advances and credits to directors attract interest at a rate of 5% per annum.

BETTERYOU LIMITED (REGISTERED NUMBER: 05541287)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 SEPTEMBER 2024

26. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence
30.9.24 31.3.23
as restated
£    £   
Sales 314,249 260,018
Expenses paid on behalf of related party 17,759 2,016
Interest received from related party 60,443 27,182
Management charges received 99,996 118,039
Loans and transfers to 167,179 513,492
Loans and transfers from 122,892 404,592
Amount due from related party 2,007,472 1,624,195

27. SHARE-BASED PAYMENT TRANSACTIONS

During the period the company had share-based payment arrangements as follows:

EMI share options:

Date of grant 19/08/2024
Number granted 56
Maximum term 10 years

Settlement type
Equity
settled

The total expense recognised during the period in respect of share based payments totalled £14,672 (2023: £nil).