ELITE WELLNESS LTD

ELITE WELLNESS LTD

ELITE WELLNESS LTD - Company Information

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1 April 2019 false No description of principal activity Taxfiler 2021.6 08439146business:PrivateLimitedCompanyLtd2019-04-012020-03-31 084391462019-03-31 084391462019-04-012020-03-31 08439146business:AuditExemptWithAccountantsReport2019-04-012020-03-31 08439146business:FullAccounts2019-04-012020-03-31 084391462020-03-31 08439146business:Director12019-04-012020-03-31 08439146business:RegisteredOffice2019-04-012020-03-31 084391462019-03-30 08439146core:WithinOneYear2020-03-31 08439146core:WithinOneYear2019-03-30 08439146core:ShareCapital2020-03-31 08439146core:ShareCapital2019-03-30 08439146core:RetainedEarningsAccumulatedLosses2020-03-31 08439146core:RetainedEarningsAccumulatedLosses2019-03-30 08439146business:SmallEntities2019-04-012020-03-31 08439146countries:EnglandWales2019-04-012020-03-31 08439146core:ComputerEquipment2019-04-012020-03-31 08439146core:ComputerEquipment2019-03-31 08439146core:ComputerEquipment2020-03-31 084391462018-04-012019-03-30 iso4217:GBP xbrli:pure
Company Registration No. 08439146 (England and Wales)
ELITE WELLNESS LTD Unaudited accounts for the year ended 31 March 2020
ELITE WELLNESS LTD Unaudited accounts Contents
Page
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ELITE WELLNESS LTD Company Information for the year ended 31 March 2020
Director
D Nachmias
Company Number
08439146 (England and Wales)
Registered Office
4 BEAUMONT ROAD CHURCH STRETTON SY6 6BN ENGLAND
Accountants
S A Acc'y Ltd The Corner House 4 Beaumont Road Church Stretton Shropshire SY6 6BN
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ELITE WELLNESS LTD Statement of financial position as at 31 March 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,017 
896 
Current assets
Debtors
5
46,475 
28,502 
Cash at bank and in hand
57,536 
47,352 
104,011 
75,854 
Creditors: amounts falling due within one year
6
(66,480)
(74,481)
Net current assets
37,531 
1,373 
Net assets
38,548 
2,269 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
38,448 
2,169 
Shareholders' funds
38,548 
2,269 
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 May 2021 and were signed on its behalf by
D Nachmias Director Company Registration No. 08439146
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ELITE WELLNESS LTD Notes to the Accounts for the year ended 31 March 2020
1
Statutory information
ELITE WELLNESS LTD is a private company, limited by shares, registered in England and Wales, registration number 08439146. The registered office is 4 BEAUMONT ROAD, CHURCH STRETTON, SY6 6BN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% per annum reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2019
1,195 
Additions
460 
At 31 March 2020
1,655 
Depreciation
At 1 April 2019
299 
Charge for the year
339 
At 31 March 2020
638 
Net book value
At 31 March 2020
1,017 
At 30 March 2019
896 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade debtors
46,475 
28,502 
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ELITE WELLNESS LTD Notes to the Accounts for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Trade creditors
- 
2,740 
Taxes and social security
46,594 
13,747 
Loans from directors
16,718 
56,326 
Accruals
3,168 
1,668 
66,480 
74,481 
7
Transactions with related parties
Company Incentive Scheme During the accounting period the Company Adhered by deed to a Company Incentive Scheme and made irrecoverable discretionary contributions of £30,000 (2019: £140000) to the scheme.
8
Average number of employees
During the year the average number of employees was 2 (2019: 1).
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