Health Currancy Ltd
Health Currancy Ltd
Registered number: 07589098
Unaudited Financial Statements
For The Year Ended
30 April 2021
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Health Currancy Ltd
Unaudited Financial Statements
For The Year Ended
30 April 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
Health Currancy Ltd
Balance Sheet
As at
30 April 2021
Balance Sheet
Registered number:
07589098
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 10 |
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| Share premium account |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 39,105 | 151,897 | |||
Health Currancy Ltd
Balance Sheet (continued)
As at
30 April 2021
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 4 to 6 form part of these financial statements.
Health Currancy Ltd
Notes to the Financial Statements
For The Year Ended
30 April 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
1.3.
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
1.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise costs associated with the development of the company's website. The costs are amortised over the assets estimated economic life of 3 years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.6.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.7.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2021 | 2020 | ||
|---|---|---|---|
| Office and administration |
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3.
Intangible Assets
| Other | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at
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| As at
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| Amortisation | |||
| As at
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| As at
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| Net Book Value | |||
| As at
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| As at
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Health Currancy Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 April 2021
4.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at
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| Additions |
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| As at
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| Depreciation | |
| As at
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| Provided during the period |
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| As at
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| Net Book Value | |
| As at
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| As at
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5.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
|
2,488 |
| As at
|
2,488 |
| Provision | |
| As at
|
- |
| As at
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- |
| Net Book Value | |
| As at
|
2,488 |
| As at
|
2,488 |
Unlisted Investment
Curranz NZ Limited
Investments include a 5,100 shares at a cost of $5,100 NZD in Curranz NZ Limited which is a supplement distibution company based in New Zealand.
6.
Stocks
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - finished goods |
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Health Currancy Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 April 2021
7.
Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Other taxes and social security | - |
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8.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security |
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- | |
| VAT |
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| Other creditors |
( |
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| Accruals and deferred income |
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| Directors' loan accounts |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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11.
Related Party Transactions
Compound interest on the directors' loans has been accrued at 6% on the loan outstanding at the year end. Repayment in full is due upon the directors discretion.
12.
Controlling Party Not Known
13.
General Information
Health Currancy Ltd
Registered number
07589098
is a limited by shares company incorporated in England & Wales. The Registered Office is c/o Radford Sergeant, Building 3, Watchmoor Park, Camberley, GU15 3YL.