The Grove Day Spa Ltd Small abridged accounts

The Grove Day Spa Ltd Small abridged accounts

CAMBRIDGESHIRE WELLBEING CLINICS LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements
All of the members of The Grove Day Spa Ltd have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 09256479
The Grove Day Spa Ltd
Unaudited Abridged Financial Statements
31 December 2016
GRH ACCOUNTANCY LIMITED
85C Huntingdon Street
St Neots
Cambridgeshire
PE19 1DU
The Grove Day Spa Ltd
Abridged Financial Statements
Year ended 31 December 2016
Contents
Page
Directors' report
1
Abridged statement of financial position
2
Statement of changes in equity
4
Notes to the abridged financial statements
5
The Grove Day Spa Ltd
Directors' Report
Year ended 31 December 2016
The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 December 2016 .
Directors
The directors who served the company during the year were as follows:
Mr M J Taylor
Mrs S Taylor
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 July 2017 and signed on behalf of the board by:
Mr M J Taylor
Mrs S Taylor
Director
Director
Registered office:
85C Huntingdon Street
St Neots
Cambs
PE19 1DU
The Grove Day Spa Ltd
Abridged Statement of Financial Position
31 December 2016
2016
2015
Note
£
£
£
Fixed assets
Tangible assets
6
467
385
Current assets
Stocks
4,961
4,961
Debtors
–
1,105
Cash at bank and in hand
1,811
801
-------
-------
6,772
6,867
Creditors: amounts falling due within one year
29,365
19,066
--------
--------
Net current liabilities
22,593
12,199
--------
--------
Total assets less current liabilities
( 22,126)
( 11,814)
--------
--------
Net liabilities
( 22,126)
( 11,814)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 22,128)
( 11,816)
--------
--------
Members deficit
( 22,126)
( 11,814)
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 31 December 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 abridged 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 abridged financial statements .
The Grove Day Spa Ltd
Abridged Statement of Financial Position (continued)
31 December 2016
These abridged financial statements were approved by the board of directors and authorised for issue on 31 July 2017 , and are signed on behalf of the board by:
Mr M J Taylor
Mrs S Taylor
Director
Director
Company registration number: 09256479
The Grove Day Spa Ltd
Statement of Changes in Equity
Year ended 31 December 2016
Called up share capital
Profit and loss account
Total
£
£
£
At 5 November 2014
–
–
–
Loss for the year
( 11,816)
( 11,816)
----
--------
--------
Total comprehensive income for the year
–
( 11,816)
( 11,816)
Issue of shares
2
–
2
----
--------
--------
Total investments by and distributions to owners
2
–
2
At 31 December 2015
2
( 11,816)
( 11,814)
Loss for the year
( 10,312)
( 10,312)
----
--------
--------
Total comprehensive income for the year
–
( 10,312)
( 10,312)
----
--------
--------
At 31 December 2016
2
( 22,128)
( 22,126)
----
--------
--------
The Grove Day Spa Ltd
Notes to the Abridged Financial Statements
Year ended 31 December 2016
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85C Huntingdon Street, St Neots, Cambs, PE19 1DU.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Staff costs
The average number of persons employed by the company during the year, including the directors, amounted to 3 (2015: 3).
5. Profit before taxation
Loss before taxation is stated after charging:
Period from
Year to
5 Nov 14 to
31 Dec 16
31 Dec 15
£
£
Depreciation of tangible assets
156
60
----
----
6. Tangible assets
£
Cost
At 1 January 2016
445
Additions
238
----
At 31 December 2016
683
----
Depreciation
At 1 January 2016
60
Charge for the year
156
----
At 31 December 2016
216
----
Carrying amount
At 31 December 2016
467
----
At 31 December 2015
385
----
7. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2016
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M J Taylor
( 8,411)
3,000
( 3,134)
( 8,545)
Mrs S Taylor
( 8,410)
3,000
( 3,134)
( 8,544)
--------
-------
-------
--------
(16,821)
6,000
(6,268)
(17,089)
--------
-------
-------
--------
2015
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr M J Taylor
–
2,054
( 10,465)
( 8,411)
Mrs S Taylor
–
2,054
( 10,464)
( 8,410)
----
-------
--------
--------
–
4,108
(20,929)
(16,821)
----
-------
--------
--------