REGISTERED NUMBER:
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Strategic Report, |
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Report of the Directors and |
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Financial Statements |
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for the Year Ended 31 July 2021 |
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for |
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APPLIED NUTRITION LIMITED |
REGISTERED NUMBER:
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Strategic Report, |
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Report of the Directors and |
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Financial Statements |
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for the Year Ended 31 July 2021 |
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for |
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APPLIED NUTRITION LIMITED |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Contents of the Financial Statements |
for the year ended 31 July 2021 |
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Page |
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Company Information | 1 |
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Strategic Report | 2 |
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Report of the Directors | 3 |
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Report of the Independent Auditors | 5 |
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Income Statement | 8 |
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Other Comprehensive Income | 9 |
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Balance Sheet | 10 |
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Statement of Changes in Equity | 11 |
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Cash Flow Statement | 12 |
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Notes to the Cash Flow Statement | 13 |
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Notes to the Financial Statements | 14 |
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APPLIED NUTRITION LIMITED |
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Company Information |
for the year ended 31 July 2021 |
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Directors: |
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Registered office: |
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Registered number: |
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Auditors: |
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Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Strategic Report |
for the year ended 31 July 2021 |
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The directors present their strategic report for the year ended 31 July 2021. |
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Review of business |
The company is principally engaged in the manufacture and sale of sports nutrition products. |
Turnover of £21.8m increased by £10.6m on the prior year (£11.2m) as a result of continued strong performance and development of new products. EBITDA in the period rose by 55.3% to £7.3m (prior year: £4.7m). |
The directors are pleased with the continued and sustained growth of the business which looks set to continue. |
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In addition to financial performance measures the company uses other key performance indicators (e.g. order book size, and various operating efficiency measures). These are monitored on a regular basis by the Board and the directors are satisfied with the performance in these areas during the period. |
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The COVID-19 pandemic has been ongoing throughout the year. Whilst it is not possible to accurately predict the ultimate impact of COVID-19 the company has not been unduly affected and we believe that the company is in a better position than many to trade through the situation. |
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Principal risks and uncertainties |
The directors have set out below the principal risks facing the business. The directors are of the opinion that a thorough risk management process is adopted which involves the regular review of all risks in the company along with processes in place to monitor and mitigate such risks. |
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Macroeconomic conditions |
The company has exposure to costs of raw materials which may rise and fall with market demand. In response to these senior management constantly review prices of available raw materials and ensure that where possible multiple suppliers are used. |
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Competition |
The market in which the company operates in is competitive. Therefore, senior management regularly reviews prices to ensure we are competitive. In addition, the company is constantly innovating and developing new products. |
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Credit risk |
The company provides credit to some customers which creates a credit risk. In order to manage this the directors set limits for each credit customer based on a combination of payment history and third party credit references. These are reviewed regularly for any chances in payment performance and credit score. |
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On behalf of the board: |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Report of the Directors |
for the year ended 31 July 2021 |
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The directors present their report with the financial statements of the company for the year ended 31 July 2021. |
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Principal activity |
The principal activity of the company in the year under review was that of the manufacture, wholesale and retail of sports nutritional products. |
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Dividends |
No dividends will be distributed for the year ended 31 July 2021. |
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Directors |
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Other changes in directors holding office are as follows: |
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Going concern |
The financial statements have been prepared on a going concern basis. The COVID-19 pandemic which arose during the latter half of the previous year resulted in the closure of many high street outlets and a consequent reduction in demand. However, the affect on Applied Nutrition Limited has been limited. Given the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. |
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Statement of directors' responsibilities |
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
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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: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements 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. |
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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. |
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Statement as to disclosure of information to auditors |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Report of the Directors |
for the year ended 31 July 2021 |
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Auditors |
The auditors, Haines Watts Manchester Limited, Statutory Auditor, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
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On behalf of the board: |
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Report of the Independent Auditors to the Members of |
Applied Nutrition Limited |
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Opinion |
We have audited the financial statements of Applied Nutrition Limited (the 'company') for the year ended 31 July 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
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In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 July 2021 and of its profit for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
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Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
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Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
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Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
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Other information |
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
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Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
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In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
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Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
Report of the Independent Auditors to the Members of |
Applied Nutrition Limited |
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Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit. |
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Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
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In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
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Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
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The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
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We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the company engagement team included: |
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- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud; |
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- understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; |
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- challenging assumptions and judgements made by management in its significant accounting estimates, in particular we have vouched items included in the bad debt provision to actual events after date and compared previous years provisions to actual to ensure reasonable. |
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- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations |
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- We have tested a sample of orders and ensured that they have led to sales included in the accounts as well as increasing the risk in our samples when testing trade debtors that we have tested agreeing to underlying records and cash after date; and |
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- assessing the extent of compliance with the relevant laws and regulations. |
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A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Report of the Independent Auditors to the Members of |
Applied Nutrition Limited |
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Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
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for and on behalf of
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Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Income Statement |
for the year ended 31 July 2021 |
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2021 | 2020 |
Notes | £ | £ |
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses | ( |
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7,035,450 | 4,486,313 |
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Other operating income |
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Operating profit | 5 |
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Interest payable and similar expenses | 6 | ( |
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Profit before taxation |
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Tax on profit | 7 | ( |
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Profit for the financial year |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Other Comprehensive Income |
for the year ended 31 July 2021 |
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2021 | 2020 |
Notes | £ | £ |
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Profit for the year |
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Other comprehensive income | - | - |
Total comprehensive income for the year |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Balance Sheet |
31 July 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 8 |
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Current assets |
Stocks | 9 |
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Debtors | 10 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 11 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
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12 |
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Provisions for liabilities | 15 | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 16 |
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Retained earnings | 17 |
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Shareholders' funds |
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The financial statements were approved by the Board of Directors and authorised for issue on
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Statement of Changes in Equity |
for the year ended 31 July 2021 |
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Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
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Balance at 1 August 2019 |
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Changes in equity |
Total comprehensive income | - |
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Balance at 31 July 2020 |
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Changes in equity |
Total comprehensive income | - |
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Balance at 31 July 2021 |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Cash Flow Statement |
for the year ended 31 July 2021 |
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2021 | 2020 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 |
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Interest paid | ( |
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Tax paid | ( |
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Net cash from operating activities |
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Cash flows from investing activities |
Purchase of tangible fixed assets | ( |
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Sale of tangible fixed assets |
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Net cash from investing activities | ( |
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Cash flows from financing activities |
Loan repayments in year | ( |
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Amount introduced by directors | 2,911,460 | 1,000,000 |
Amount withdrawn by directors | - | (1,072,887 | ) |
Net cash from financing activities |
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Increase in cash and cash equivalents |
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Cash and cash equivalents at beginning
of year |
2 |
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743,112 |
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Cash and cash equivalents at end of year | 2 | 8,151,664 | 3,003,363 |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Cash Flow Statement |
for the year ended 31 July 2021 |
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1. | Reconciliation of profit before taxation to cash generated from operations |
2021 | 2020 |
£ | £ |
Profit before taxation |
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Depreciation charges |
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Loss on disposal of fixed assets |
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Finance costs | 27,317 | - |
7,319,978 | 4,712,378 |
Increase in stocks | ( |
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Increase in trade and other debtors | ( |
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Increase/(decrease) in trade and other creditors |
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Cash generated from operations |
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2. | Cash and cash equivalents |
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The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
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Year ended 31 July 2021 |
31/7/21 | 1/8/20 |
£ | £ |
Cash and cash equivalents | 8,151,664 | 3,003,363 |
Year ended 31 July 2020 |
31/7/20 | 1/8/19 |
£ | £ |
Cash and cash equivalents | 3,003,363 | 743,112 |
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3. | Analysis of changes in net funds |
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At 1/8/20 | Cash flow | At 31/7/21 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 3,003,363 | 5,148,301 | 8,151,664 |
3,003,363 |
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8,151,664 |
Debt |
Debts falling due within 1 year | (16,667 | ) | (183,333 | ) | (200,000 | ) |
Debts falling due after 1 year | (983,334 | ) | 200,000 | (783,334 | ) |
(1,000,001 | ) | 16,667 | (983,334 | ) |
Total | 2,003,362 | 5,164,968 | 7,168,330 |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Financial Statements |
for the year ended 31 July 2021 |
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1. | Statutory information |
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Applied Nutrition Limited is a
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2. | Statement of compliance |
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The individual financial statements of Applied Nutrition Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard 102, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland" ("FRS 102") and the Companies Act 2006. |
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3. | Accounting policies |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis. The COVID-19 pandemic which arose during the latter half of the previous year resulted in the closure of many high street outlets and a consequent reduction in demand. However, the affect on Applied Nutrition Limited has been limited. Given the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. |
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Turnover |
Turnover represents amounts chargeable, net of value added tax, in respect of the manufacture, wholesale and retail of sports nutritional products. |
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The company recognises revenue when the goods have been despatched to the customer. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
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3. | Accounting policies - continued |
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Financial instruments |
The company and group have chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
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(i) Financial assets |
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Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
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Such assets are subsequently carried at amortised cost using the effective interest method. |
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There are no assets which are initially measured at fair value. |
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(ii) Financial liabilities |
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Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
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Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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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. |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
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4. | Employees and directors |
2021 | 2020 |
£ | £ |
Wages and salaries |
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Social security costs |
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Other pension costs |
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The average number of employees during the year was as follows: |
2021 | 2020 |
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Directors | 2 | 1 |
Production and Warehouse | 44 | 27 |
Administrative | 12 | 9 |
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2021 | 2020 |
£ | £ |
Directors' remuneration |
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Information regarding the highest paid director for the year ended 31 July 2021 is as follows: |
2021 |
£ |
Emoluments etc |
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5. | Operating profit |
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The operating profit is stated after charging: |
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2021 | 2020 |
£ | £ |
Hire of plant and machinery |
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Other operating leases |
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Depreciation - owned assets |
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Loss on disposal of fixed assets |
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Auditors' remuneration |
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6. | Interest payable and similar expenses |
2021 | 2020 |
£ | £ |
Bank loan interest |
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APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
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7. | Taxation |
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Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
2021 | 2020 |
£ | £ |
Current tax: |
UK corporation tax |
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(Over)/under provision PY | (56,023 | ) | - |
Total current tax |
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Deferred tax |
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Tax on profit |
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Reconciliation of total tax charge included in profit and loss |
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
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2021 | 2020 |
£ | £ |
Profit before tax |
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Profit multiplied by the standard rate of corporation tax in the UK of
(2020 - |
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Effects of: |
Expenses not deductible for tax purposes |
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Depreciation in excess of capital allowances |
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Adjustments to tax charge in respect of previous periods | ( |
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Research and development claim | (126,942 | ) | (160,000 | ) |
Total tax charge | 1,198,879 | 760,507 |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
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Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
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8. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 August 2020 |
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Additions |
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Disposals | ( |
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( |
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Reclassification/transfer |
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( |
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At 31 July 2021 |
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Depreciation |
At 1 August 2020 |
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Charge for year |
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Eliminated on disposal | ( |
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( |
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Reclassification/transfer | ( |
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( |
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At 31 July 2021 |
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Net book value |
At 31 July 2021 |
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At 31 July 2020 |
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9. | Stocks |
2021 | 2020 |
£ | £ |
Stocks |
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10. | Debtors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Trade debtors |
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|
Directors' current accounts | - | 1,072,887 |
Prepayments and accrued income |
|
|
|
|
|
11. | Creditors: amounts falling due within one year |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts (see note 13) |
|
|
Trade creditors |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
VAT | 161,363 | 33,337 |
Other creditors |
|
|
Directors' current accounts | 1,838,573 | - |
Accrued expenses |
|
|
|
|
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
|
Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
|
|
12. | Creditors: amounts falling due after more than one year |
2021 | 2020 |
£ | £ |
Bank loans (see note 13) |
|
|
|
13. | Loans |
|
An analysis of the maturity of loans is given below: |
|
2021 | 2020 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
|
|
|
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
|
|
|
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | - | 183,334 |
|
14. | Secured debts |
|
The following secured debts are included within creditors: |
|
2021 | 2020 |
£ | £ |
Bank loans |
|
|
|
The bank loan is secured by way of a fixed and floating charge over the assets of the company. |
|
15. | Provisions for liabilities |
2021 | 2020 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
|
|
|
Deferred tax |
£ |
Balance at 1 August 2020 |
|
Provided during year |
|
Balance at 31 July 2021 |
|
|
The amount of deferred tax expected to reverse in 2022 is £39,000. |
APPLIED NUTRITION LIMITED (REGISTERED NUMBER: 09131749) |
|
Notes to the Financial Statements - continued |
for the year ended 31 July 2021 |
|
|
16. | Called up share capital |
|
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
NIL | Ordinary | £1 | - | 100 |
|
A Ordinary | £1 | 68 | - |
|
B Ordinary | £1 | 32 | - |
100 | 100 |
|
17. | Reserves |
Retained |
earnings |
£ |
|
At 1 August 2020 |
|
Profit for the year |
|
At 31 July 2021 |
|
|
18. | Directors' advances, credits and guarantees |
|
The following advances and credits to a director subsisted during the years ended 31 July 2021 and 31 July 2020: |
|
2021 | 2020 |
£ | £ |
|
Balance outstanding at start of year |
|
( |
) |
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
|