Nutrition 4 Peak Performance Limited Filleted accounts for Companies House (small and micro)

Nutrition 4 Peak Performance Limited Filleted accounts for Companies House (small and micro)

NUTRITION 4 PEAK PERFORMANCE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13552773
Nutrition 4 Peak Performance Limited
Filleted Unaudited Financial Statements
31 August 2022
Nutrition 4 Peak Performance Limited
Financial Statements
Period from 6 August 2021 to 31 August 2022
Contents
Page
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Nutrition 4 Peak Performance Limited
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Nutrition 4 Peak Performance Limited
Period from 6 August 2021 to 31 August 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nutrition 4 Peak Performance Limited for the period ended 31 August 2022, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Nutrition 4 Peak Performance Limited, as a body, in accordance with the terms of our engagement letter dated 12 August 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Nutrition 4 Peak Performance Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nutrition 4 Peak Performance Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Nutrition 4 Peak Performance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nutrition 4 Peak Performance Limited. You consider that Nutrition 4 Peak Performance Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Nutrition 4 Peak Performance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
5 September 2023
Nutrition 4 Peak Performance Limited
Statement of Financial Position
31 August 2022
31 Aug 22
Note
£
Fixed assets
Tangible assets
5
7,051
Current assets
Cash at bank and in hand
37,953
Creditors: amounts falling due within one year
6
24,390
--------
Net current assets
13,563
--------
Total assets less current liabilities
20,614
Provisions
1,340
--------
Net assets
19,274
--------
Capital and reserves
Called up share capital
100
Profit and loss account
19,174
--------
Shareholders funds
19,274
--------
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 comprehensive income has not been delivered.
For the period ending 31 August 2022 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 period 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 5 September 2023 , and are signed on behalf of the board by:
Dr M Ranchordas
Director
Company registration number: 13552773
Nutrition 4 Peak Performance Limited
Notes to the Financial Statements
Period from 6 August 2021 to 31 August 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ, United Kingdom.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income 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.
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
-
25% reducing balance
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 6 August 2021
–
–
–
Additions
6,357
2,155
8,512
-------
-------
-------
At 31 August 2022
6,357
2,155
8,512
-------
-------
-------
Depreciation
At 6 August 2021
–
–
–
Charge for the period
1,035
426
1,461
-------
-------
-------
At 31 August 2022
1,035
426
1,461
-------
-------
-------
Carrying amount
At 31 August 2022
5,322
1,729
7,051
-------
-------
-------
6. Creditors: amounts falling due within one year
31 Aug 22
£
Corporation tax
3,815
Other creditors
20,575
--------
24,390
--------