NEPTUNE_SPAS_LIMITED - Accounts

NEPTUNE SPAS LIMITED - Company Information

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Company Registration No. 05515457 (England and Wales)

NEPTUNE SPAS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

NEPTUNE SPAS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NEPTUNE SPAS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,727

4,960

Current assets

Stocks

50,000

Debtors

28,608

31,060

78,608

81,060

Creditors: amounts falling due within one year

(80,830)

(85,781)

Net current liabilities

(2,222)

(4,721)

Total assets less current liabilities

505

239

Capital and reserves

Called up share capital

Profit and loss account

503

237

Shareholders' funds

505

239

NEPTUNE SPAS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2016

- 2 -

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 February 2017

Mr A Russell

Director

Company Registration No. 05515457

NEPTUNE SPAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

15% straight line

Fixtures, fittings and equipment

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015

18,331

Additions

233

At 30 April 2016

18,564

Depreciation

At 1 May 2015

13,371

Charge for the year

2,466

At 30 April 2016

15,837

Net book value

At 30 April 2016

2,727

At 30 April 2015

4,960

NEPTUNE SPAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A Russell - Directors Current Account

4.00

13,784

355

2,807

11,332

13,784

355

2,807

11,332