NHP Products (UK) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10258620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JUNE 2016 TO 30 JUNE 2017

FOR

NHP PRODUCTS (UK) LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Glenville

REGISTERED OFFICE:

14 St. Johns Road

Tunbridge Wells

Kent

TN4 9NP

REGISTERED NUMBER:

10258620 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Business Advisers and Accountants

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Intangible assets

4

7,988

Tangible assets

5

649

8,637

CURRENT ASSETS

Stocks

6

72,801

Debtors

7

226,551

Cash at bank and in hand

54,053

353,405

CREDITORS

Amounts falling due within one year

8

352,847

NET CURRENT ASSETS

558

TOTAL ASSETS LESS CURRENT LIABILITIES

9,195

PROVISIONS FOR LIABILITIES

9

1,641

NET ASSETS

7,554

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

7,454

SHAREHOLDERS' FUNDS

7,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 June 2018 and were signed by:

Mr K Glenville - Director

1.	STATUTORY INFORMATION

NHP Products (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of

Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, the directors are required to make estimates and judgements about the carrying

amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on

historical experience and other factors that are considered by the directors to be relevant. Revision to accounting

estimates are recognised in the period in which the estimate is revised.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of financial assets

and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

Financial assets that are measured at cost and amortized cost are assessed at the end of each reporting period for

objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognized in

profit or loss.

For financial assets measured at amortized cost, the impairment loss is measured as the difference between an asset's

carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest

rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current

effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there

is an enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

Cost

Additions

8,166

At 30 June 2017

8,166

Amortisation

Amortisation for period

178

At 30 June 2017

178

Net book value

At 30 June 2017

7,988

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

Cost

Additions

666

At 30 June 2017

666

Depreciation

Charge for period

17

At 30 June 2017

17

Net book value

At 30 June 2017

649

6.

STOCKS

£

Stocks

72,801

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

51,016

Amounts owed by group undertakings

97,140

Other debtors

78,395

226,551

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

164,541

Amounts owed to group undertakings

54,555

Taxation and social security

9,500

Other creditors

124,251

352,847

9.	PROVISIONS FOR LIABILITIES

£

Deferred tax

1,641

Deferred

tax

£

Provided during period

1,641

Balance at 30 June 2017

1,641

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

Profit for the period

7,454

At 30 June 2017

7,454

12.	RELATED PARTY DISCLOSURES

At the end of the year, £1,750 was due from The Dr Marilyn Glenville Phd Clinic LLP and is held in these financial

statements under debtors due within one year. The Dr Marilyn Glenville Phd Clinic LLP is under the control of the

spouse of the director, Mr. K Glenville.

At the end of the year, £1.913 was due from Crestaville Ltd and is held in these financial statements under debtors

due within one year. Crestaville Ltd is under the control of Mr K Glenville.

At the end of the year, £604 was due from Glenville Nutrition Ltd and is held in these financial statements under

debtors due within one year. Glenville Nutrition Ltd is under the control of Mr. K Glenville.

At the end of the year, £90,007 was due from Holfordirect Ltd and is held in these financial statements under

debtors due within one year. Holfordirect Ltd is under the control of the director, Mr. K Glenville.

At the end of the year, £2,866 was due from Natural Health Practice International Ltd and is held in these financial

statements under debtors due within one year. Natural Health Practice International Ltd is under the control of the

director, Mr. K Glenville.

At the end of the year, £54,555 was due to The Natural Health Practice Ltd and is held in these financial statements

under creditors due within one year. The Natural Health Practice Ltd is under the control of the director, Mr. K

Glenville.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Glenville.