The Nutrition Clinic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03063570 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

The Nutrition Clinic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A J Haynes

REGISTERED OFFICE:

Nutrition House

24 Milber Trading Estate

Newton Abbot

Devon

TQ12 4SG

REGISTERED NUMBER:

03063570 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

Senate Court

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Tangible assets

4

1,717

1,796

Investments

5

60,000

-

61,717

1,796

CURRENT ASSETS

Debtors

6

2,147

90,819

Cash at bank

87,538

61,118

89,685

151,937

CREDITORS

Amounts falling due within one year

7

20,184

7,523

NET CURRENT ASSETS

69,501

144,414

TOTAL ASSETS LESS CURRENT LIABILITIES

131,218

146,210

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

131,216

146,208

131,218

146,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 15 March 2019 and were signed by:

A J Haynes - Director

1.	STATUTORY INFORMATION

The Nutrition Clinic 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 represents net invoiced sales and commission plus saving achieved under the VAT Flat Rate Scheme,

and net of trade discounts and rebates.

Revenue for provision of services is recognised in the period in which the service has been provided.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Presentation currency policy

The financial statements are presented in Pound Sterling, being the functional currency of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2017

16,954

725

17,679

Additions

-

283

283

At 30 June 2018

16,954

1,008

17,962

DEPRECIATION

At 1 July 2017

15,158

725

15,883

Charge for year

269

93

362

At 30 June 2018

15,427

818

16,245

NET BOOK VALUE

At 30 June 2018

1,527

190

1,717

At 30 June 2017

1,796

-

1,796

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.6.18

30.6.17

£

£

No description

60,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

1,485

598

Other debtors

250

250

Directors' loan accounts

412

89,971

2,147

90,819

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

692

100

Taxation and social security

18,365

6,673

Other creditors

1,127

750

20,184

7,523

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2018 and 30 June 2017:

30.6.18

30.6.17

£

£

A J Haynes

Balance outstanding at start of year

89,971

87,350

Amounts advanced

1,124

2,621

Amounts repaid

(90,684

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

411

89,971

Interest is payable on the loan at a rate of 2.5% per annum. The loan is repayable on demand.