Wimborne Wellness Centre Limited 30/06/2020 iXBRL
Wimborne Wellness Centre Limited 30/06/2020 iXBRL
Company registration number:
10281356
Statement of financial position
30 June 2020
30/06/20 | 30/06/19 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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- | ||||||
_______ | _______ | ||||||||
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- | ||||||||
Current assets | |||||||||
Stocks |
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- | |||||||
Debtors | 6 |
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- | ||||||
Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
(
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- | ||||||
_______ | _______ | ||||||||
Net current (liabilities)/assets |
(
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Provisions for liabilities |
(
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- | |||||||
_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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- | |||||||
_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 July 2020
, and are signed on behalf of the board by:
Director
Company registration number:
10281356
Notes to the financial statements
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Gate, Arrowsmith Road, Wimborne, Dorset, BH21 3BD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts.
Revenue from the sale of services is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on performance of the services); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property | - |
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Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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Computers | - |
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straight line | |
Impairment
Stocks
Government grants
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019: Nil).
5.
Tangible assets
Long leasehold property | Fixtures, fittings and equipment | Computers | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 July 2019 | - | - | - | - | |
Additions |
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_______ | _______ | _______ | _______ | ||
At 30 June 2020 |
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_______ | _______ | _______ | _______ | ||
Depreciation | |||||
At 1 July 2019 | - | - | - | - | |
Charge for the year |
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_______ | _______ | _______ | _______ | ||
At 30 June 2020 |
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_______ | _______ | _______ | _______ | ||
Carrying amount | |||||
At 30 June 2020 |
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_______ | _______ | _______ | _______ | ||
At 30 June 2019 | - | - | - | - | |
_______ | _______ | _______ | _______ | ||
6.
Debtors
30/06/20 | 30/06/19 | |||
£ | £ | |||
Trade debtors |
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- | ||
Other debtors |
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- | ||
_______ | _______ | |||
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- | |||
_______ | _______ | |||
7.
Creditors: amounts falling due within one year
30/06/20 | 30/06/19 | |||
£ | £ | |||
Corporation tax |
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- | ||
Social security and other taxes |
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- | ||
Other creditors |
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- | ||
_______ | _______ | |||
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- | |||
_______ | _______ | |||
8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
Year ended 30/06/20 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- |
(
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(
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_______ | _______ | _______ | ||
Period ended 30/06/19 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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- | - | - | |
_______ | _______ | _______ | ||
Directors loans are interest free and repayable on demand.