Company Registration No. 06385046 (England and Wales)
LINDENS HEALTH AND NUTRITION LIMITED
Unaudited accounts
for the year ended 31 December 2016
LINDENS HEALTH AND NUTRITION LIMITED
Unaudited accounts
Contents
LINDENS HEALTH AND NUTRITION LIMITED
Company Information
for the year ended 31 December 2016
Directors
D Broadhead
B Denton
Company Number
06385046 (England and Wales)
Registered Office
4 ENTERPRISE BUSINESS PARK
MORTIMER RISE
OSSETT
WEST YORKSHIRE
WF5 9JH
LINDENS HEALTH AND NUTRITION LIMITED
Statement of financial position
as at 31 December 2016
Intangible assets
16,165
-
Tangible assets
43,651
29,660
Inventories
247,000
138,700
Cash at bank and in hand
666,198
462,393
Creditors: amounts falling due within one year
(353,487)
(148,627)
Net current assets
882,211
459,237
Total assets less current liabilities
942,027
488,897
Provisions for liabilities
Deferred tax
(11,365)
(5,932)
Net assets
930,662
482,965
Called up share capital
1,000
1,000
Profit and loss account
929,662
481,965
Shareholders' funds
930,662
482,965
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 29 June 2017.
D Broadhead
Director
Company Registration No. 06385046
LINDENS HEALTH AND NUTRITION LIMITED
Notes to the Accounts
for the year ended 31 December 2016
LINDENS HEALTH AND NUTRITION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06385046. The registered office and principal place of business is 4 ENTERPRISE BUSINESS PARK, MORTIMER RISE, OSSETT, WEST YORKSHIRE, WF5 9JH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents amounts invoiced during the year, excluding discounts, rebates, and Value Added Tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
15% on a reducing balance basis
Computer equipment
33% on a reducing balance basis
Intangible fixed assets are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
LINDENS HEALTH AND NUTRITION LIMITED
Notes to the Accounts
for the year ended 31 December 2016
4
Intangible fixed assets
Total
At 31 December 2016
32,330
Charge for the year
16,165
At 31 December 2016
16,165
At 31 December 2016
16,165
5
Tangible fixed assets
Total
At 31 December 2016
76,156
Charge for the year
10,912
At 31 December 2016
32,505
At 31 December 2016
43,651
At 31 December 2015
29,660
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan
(16)
245,000
142,626
102,358
Director's Loan
(16)
245,000
142,626
102,358
(32)
490,000
285,252
204,716
7
Transactions with related parties
During the financial year ended 31 December 2016, the company lent £245,000 to D Broadhead and £245,000 to B Denton. Repayments totalling £285,252 were made. The balance outstanding at the 31 December 2016 was £204,716. Interest will be charged on these loans from 6 April 2017 at an interest rate of 3% per annum, until the full balance has been repaid.
LINDENS HEALTH AND NUTRITION LIMITED
Notes to the Accounts
for the year ended 31 December 2016
8
Average number of employees
During the year the average number of employees was 13 (2015: 7).
