Nature For Health Limited - Limited company accounts 18.2

REGISTERED NUMBER: 08053393 (England and Wales)

NATURE FOR HEALTH LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

R S Vora

Mrs N Vora

REGISTERED OFFICE:

71-75 Shelton Street

London

WC2H 9JQ

REGISTERED NUMBER:

08053393 (England and Wales)

ACCOUNTANTS:

Albury Associates Limited

Chartered Accountants

Statutory Auditors

79 College Road

Harrow

HA1 1BD

The directors present their report with the financial statements of the company for the year ended 31 May 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of suppliers of goods for the health food industry.

DIRECTORS

The directors who have held office during the period from 1 June 2017 to the date of this report are as follows:

P J Tweedie - resigned 1 August 2017

R S Vora - appointed 1 August 2017

Mrs N Vora - appointed 1 August 2017

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with

applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors

have 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 directors 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 these financial statements, the directors

are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The directors are 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. They are 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.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

R S Vora - Director

27 January 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Nature For Health Limited for the year ended 31 May 2018 which comprise the Income

Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nature For Health Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nature For Health Limited and state those matters that we have agreed to state to the Board of Directors of Nature For Health Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nature For Health Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nature For Health 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 Nature For Health Limited. You consider that Nature For Health Limited 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 Nature For Health 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.

Albury Associates Limited

Chartered Accountants

Statutory Auditors

79 College Road

Harrow

HA1 1BD

Date: .............................................

TURNOVER

396,166

295,638

Cost of sales

291,051

223,927

GROSS PROFIT

105,115

71,711

Administrative expenses

51,453

53,561

OPERATING PROFIT

53,662

18,150

Interest payable and similar expenses

-

8

PROFIT BEFORE TAXATION

53,662

18,142

Tax on profit

4

-

PROFIT FOR THE FINANCIAL YEAR

53,662

18,142

CURRENT ASSETS

Stocks

63,430

Debtors

5

148,223

32,226

Cash at bank

-

21,758

211,653

117,414

CREDITORS

Amounts falling due within one year

6

216,881

176,304

NET CURRENT LIABILITIES

(5,228

)

(58,890

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,228

)

(58,890

)

CAPITAL AND RESERVES

Called up share capital

7

10,000

Retained earnings

8

(15,228

)

(68,890

)

SHAREHOLDERS' FUNDS

(5,228

)

(58,890

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 January 2019 and were signed on its behalf by:

R S Vora - Director

1.	STATUTORY INFORMATION

Nature For Health Limited 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.

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.

Turnover

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

value added tax and other sales taxes.

Stocks

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

slow moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

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

balance sheet 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 year 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.

Going concern

The Financial Statements have been prepared on a going concern basis, as the director has confirmed that

funds will continue to be made available for the company to meet its day to day commitments for the foreseeable

future. The financial statements do not include any adjustments that may result from the withdrawal of this

support and the director is of the opinion that the going concern basis is therefore appropriate to the preparation

of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.

TAXATION

No liability to UK corporation tax arose for the year ended 31 May 2018.

The company has estimated losses of £17,905 (2017 - £71,067) available to carry forward against future trading

profits.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

148,223

32,226

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Bank loans and overdrafts

5,216

-

Trade creditors

135,079

72,209

Amounts owed to associates

65,000

100,000

Taxation and social security

8,586

1,095

Other creditors

3,000

216,881

176,304

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

10,000

Ordinary

£1

10,000

8.

RESERVES

Retained

earnings

£

At 1 June 2017

(68,890

)

Profit for the year

53,662

At 31 May 2018

(15,228

)

9.	RELATED PARTY DISCLOSURES

During the year, the company made purchases from Stay Healthy Limited of £254,320 (2017 - £205,939),

Revital Limited of £3,000 (2016 - £12,000) and Asra Management Services LLP of £25,000 (2016 - £21,300).

At the year-end, included in other creditors, is an amount of £55,000 (2017 - £0) owed to RVNV Properties

Limited and an amount of £10,000 (2017 - £10,000) owed to Stay Healthy Limited.

Mr R Vora and Mrs N Vora have a beneficial interest in both Asra Management Services LLP and Stay Healthy

Limited.

These amounts are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr R Vora and Mrs N Vora.