Spa & Wellbeing Management Company Ltd - Period Ending 2015-01-31

Registration number: 07643061

Spa & Wellbeing Management Company Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Spa & Wellbeing Management Company Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Spa & Wellbeing Management Company Ltd
(Registration number: 07643061)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,342			1,542
Current assets
Stocks					17,601			21,504
Debtors					3,900			6,425
Cash at bank and in hand					66,708			52,181
					88,209			80,110
Creditors: Amounts falling due within one year					(23,965)			(33,348)
Net current assets					64,244			46,762
Total assets less current liabilities					65,586			48,304
Creditors: Amounts falling due after more than one year					(41,819)			(41,819)
Provisions for liabilities					(268)			-
Net assets					23,499			6,485
Capital and reserves
Called up share capital		3			8,000			8,000
Profit and loss account					15,499			(1,515)
Shareholders' funds					23,499			6,485

For the year ending 31 January 2015 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 27 July 2015

Mrs G A Kalirai
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Spa & Wellbeing Management Company Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	10% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Spa & Wellbeing Management Company Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		2,000			2,000
At 31 January 2015		2,000			2,000
Depreciation
At 1 February 2014		458			458
Charge for the year		200			200
At 31 January 2015		658			658
Net book value
At 31 January 2015		1,342			1,342
At 31 January 2014		1,542			1,542

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.01 each		800,000			8,000			800,000			8,000

Page 3