Nutri-Align Ltd
Nutri-Align Ltd
Registered number: 07765823
Director's Report and
Unaudited Financial Statements
For The Year Ended 29 February 2024
Nutri-Align Ltd
Contents
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountant's Report | 3 |
| Profit and Loss Account | 4 |
| Balance Sheet | 5—6 |
| Statement of Changes in Equity | 7 |
| Notes to the Financial Statements | 8—10 |
Nutri-Align Ltd
Company Information
For The Year Ended 29 February 2024
Company Information
| Director |
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| Secretary |
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| Company Number |
|
| Registered Office | St James House |
| 65 Mere Green Road | |
| Sutton Coldfield | |
| West Midlands | |
| B75 5BY | |
| Accountants |
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| 65 Mere Green Road | |
| Sutton Coldfield | |
| West Midlands | |
| B75 5BY | |
Nutri-Align Ltd
Company No. 07765823
Director's Report For The Year Ended 29 February 2024
Director's Report
The director presents her report and the financial statements for the year ended 29 February 2024.
Directors
The director who held office during the year were as follows:
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Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments 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.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Director
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Nutri-Align Ltd
Accountant's Report
For The Year Ended 29 February 2024
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of
Nutri-Align Ltd
for the year ended 29 February 2024 which comprise the Profit and Loss Account, the Balance Sheet, 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 Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the director of
Nutri-Align Ltd
in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of
Nutri-Align Ltd
and state those matters that we have agreed to state to the director of
Nutri-Align Ltd
in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that
Nutri-Align Ltd
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
Nutri-Align Ltd
. You consider that
Nutri-Align Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of
Nutri-Align Ltd
. 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.
| Signed |
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St James House
65 Mere Green Road
Sutton Coldfield
West Midlands
B75 5BY
Nutri-Align Ltd
Profit and Loss Account
For The Year Ended 29 February 2024
Profit and Loss Account
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER |
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| Cost of sales |
( |
( |
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| GROSS PROFIT |
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| Distribution costs |
( |
( |
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| Administrative expenses |
( |
( |
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| Other operating income |
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| OPERATING PROFIT |
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| Other interest receivable and similar income |
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| Interest payable and similar charges |
( |
( |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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The notes on pages 8 to 10 form part of these financial statements.
Nutri-Align Ltd
Balance Sheet
As At
29 February 2024
Balance Sheet
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| 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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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 10 |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 11 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 28,358 | 21,583 | |||
Nutri-Align Ltd
Balance Sheet (continued)
As At
29 February 2024
On behalf of the board
|
Director
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The notes on pages 8 to 10 form part of these financial statements.
Nutri-Align Ltd
Statement of Changes in Equity
For The Year Ended 29 February 2024
Statement of Changes in Equity
| Share Capital | Profit and Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 March 2022 |
|
|
1,685 |
| Profit for the year and total comprehensive income | - |
|
61,898 |
| Dividends paid | - | (42,000) | (42,000) |
| As at 28 February 2023 and 1 March 2023 |
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21,583 |
| Profit for the year and total comprehensive income | - |
|
48,775 |
| Dividends paid | - | (42,000) | (42,000) |
| As at 29 February 2024 |
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|
28,358 |
Nutri-Align Ltd
Notes to the Financial Statements
For The Year Ended 29 February 2024
Notes to the Financial Statements
1.
General Information
Nutri-Align Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
07765823
. The registered office is St James House, 65 Mere Green Road, Sutton Coldfield, West Midlands, B75 5BY.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 |
|
2.4.
Stocks and Work in Progress
Stocks and work in progress 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. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5.
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.
2.6.
Taxation
2.6.
Taxation - continued
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Nutri-Align Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 February 2024
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
4.
Tangible Assets
| Computer Equipment | |
|---|---|
| £ | |
| Cost | |
| As at 1 March 2023 |
|
| Additions |
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| As at 29 February 2024 |
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| Depreciation | |
| As at 1 March 2023 |
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| Provided during the period |
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| As at 29 February 2024 |
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| Net Book Value | |
| As at 29 February 2024 |
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| As at 1 March 2023 |
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5.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at 1 March 2023 |
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| As at 29 February 2024 |
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| Provision | |
| As at 1 March 2023 |
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| As at 29 February 2024 |
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| Net Book Value | |
| As at 29 February 2024 |
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| As at 1 March 2023 |
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6.
Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods |
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Nutri-Align Ltd
Notes to the Financial Statements (continued)
For The Year Ended 29 February 2024
7.
Debtors
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Amounts owed by associates |
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8.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other taxes and social security |
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| Other creditors |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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10.
Deferred Taxation
The provision for deferred tax is made up as follows:
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 304 | - | |