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COMPANY REGISTRATION NUMBER: 10088524

NOVO NUTRITION LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

NOVO NUTRITION LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 7 |  | 30,659 |  | 46,551
Tangible assets | 8 |  | 1,023 |  | 977
|  | --------- |  | ---------
|  | 31,682 |  | 47,528

CURRENT ASSETS

Stocks | 204,262 |  | 196,594 |
Debtors | 9 | 573,127 |  | 351,722 |
Cash at bank and in hand | 270,058 |  | 300,505 |
| ------------- |  | ---------- |
| 1,047,447 |  | 848,821 |

CREDITORS: amounts falling due within one year | 10 | 764,463 |  | 565,378 |
| ------------- |  | ---------- |
NET CURRENT ASSETS |  | 282,984 |  | 283,443
|  | ---------- |  | ----------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 314,666 |  | 330,971

CREDITORS: amounts falling due after more than one year | 11 |  | 1,667 |  | 11,665

PROVISIONS | 12 |  | 256 |  | 244
|  | ---------- |  | ----------
NET ASSETS |  | 312,743 |  | 319,062
|  | ---------- |  | ----------

NOVO NUTRITION LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

CAPITAL AND RESERVES

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 312,643 |  | 318,962
|  | ---------- |  | ----------
SHAREHOLDERS FUNDS |  | 312,743 |  | 319,062
|  | ---------- |  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2026 , and are signed on behalf of the board by:

A Coulson
Director

Company registration number: 10088524

NOVO NUTRITION LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite D154, Dean Clough, Halifax, West Yorkshire, HX3 5AX.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for health food snacks supplied, stated net of discounts and of Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Patents, trademarks and licences | - | 10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 15% reducing balance
| Equipment | - | 33% straight line

Stocks
Stocks are measured 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 the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).
5. TAX ON PROFIT
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 38,972 | 63,448
Adjustments in respect of prior periods | – | ( 66)
| --------- | ---------
Total current tax | 38,972 | 63,382
| --------- | ---------

Deferred tax:

Origination and reversal of timing differences | 11 | ( 183)
| --------- | ---------
Tax on profit | 38,983 | 63,199
| --------- | ---------

6. DIVIDENDS

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | 112,500 | –
| ---------- | ----

7. INTANGIBLE ASSETS

| Intellectual property, trademarks and licences
| £
Cost |
At 1 April 2024 and 31 March 2025 | 158,916
| ----------
Amortisation |
At 1 April 2024 | 112,365
Charge for the year | 15,892
| ----------
At 31 March 2025 | 128,257
| ----------
Carrying amount |
At 31 March 2025 | 30,659
| ----------
At 31 March 2024 | 46,551
| ----------

8. TANGIBLE ASSETS

| Fixtures and fittings | Equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 827 | 4,451 | 5,278
Additions | – | 550 | 550
| ---- | ------- | -------
At 31 March 2025 | 827 | 5,001 | 5,828
| ---- | ------- | -------
Depreciation |  |  |
At 1 April 2024 | 563 | 3,738 | 4,301
Charge for the year | 39 | 465 | 504
| ---- | ------- | -------
At 31 March 2025 | 602 | 4,203 | 4,805
| ---- | ------- | -------
Carrying amount |  |  |
At 31 March 2025 | 225 | 798 | 1,023
| ---- | ------- | -------
At 31 March 2024 | 264 | 713 | 977
| ---- | ------- | -------

9. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 452,950 | 283,948
Other debtors | 120,177 | 67,774
| ---------- | ----------
| 573,127 | 351,722
| ---------- | ----------

10. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,000 | 10,000
Trade creditors | 590,515 | 448,843
Corporation tax | 70,418 | 63,448
Social security and other taxes | 6,165 | 10,210
Other creditors | 87,365 | 32,877
| ---------- | ----------
| 764,463 | 565,378
| ---------- | ----------

11. CREDITORS: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 1,667 | 11,665
| ------- | ---------

12. PROVISIONS

| Deferred tax (note 13)
| £
At 1 April 2024 | 244
Charge against provision | 12
| ----
At 31 March 2025 | 256
| ----

13. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions (note 12) | 256 | 244
| ---- | ----

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 256 | 244
| ---- | ----

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year, the directors had unsecured interest-free loans with the company. At the beginning of the year the directors owed the company £18,230 (2024 - £33,097 owed to the directors). Advances of £103,218 and repayments of £131,169 were made during the year. Interest of £1,389 (2024 - £672), charged at the official rate of £2.25% was charged on an interim overdrawn balance during the year. As at 31 March 2025, the company owed £9,721 to the directors (2024 - £18,230 owed to the company).