Beyond Medispa Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05863322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Beyond Medispa Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Ms K Pascoe

SECRETARY:

REGISTERED OFFICE:

54 Clarendon Road

Watford

Hertfordshire

WD17 1DU

REGISTERED NUMBER:

05863322 (England and Wales)

ACCOUNTANTS:

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

FIXED ASSETS

Property, plant and equipment

3

752,058

1,012,114

CURRENT ASSETS

Inventories

4

83,170

75,501

Debtors

5

842,563

609,719

Cash at bank and in hand

57,494

39,896

983,227

725,116

CREDITORS

Amounts falling due within one year

6

(378,659

)

(444,107

)

NET CURRENT ASSETS

604,568

281,009

TOTAL ASSETS LESS CURRENT LIABILITIES

1,356,626

1,293,123

CREDITORS

Amounts falling due after more than one year

7

(289,568

)

(410,249

)

NET ASSETS

1,067,058

882,874

CAPITAL AND RESERVES

Called up share capital

8

306

306

Share premium

9

448,975

448,975

Retained earnings

9

617,777

433,593

SHAREHOLDERS' FUNDS

1,067,058

882,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 October 2017 and were signed by:

Ms K Pascoe - Director

1.	STATUTORY INFORMATION

Beyond Medispa Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

10% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their

estimated useful lives. The interest element of those obligations is changed to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or

recovered) using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2016

998,916

933,768

1,932,684

Additions

83,066

325

83,391

At 31 March 2017

1,081,982

934,093

2,016,075

DEPRECIATION

At 1 April 2016

428,693

491,877

920,570

Charge for year

133,033

82,548

215,581

Eliminated on disposal

-

127,866

127,866

At 31 March 2017

561,726

702,291

1,264,017

NET BOOK VALUE

At 31 March 2017

520,256

231,802

752,058

At 31 March 2016

570,223

441,891

1,012,114

4.	INVENTORIES

31.3.17

31.3.16

as restated

£

£

Stocks

83,170

75,501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Trade debtors

177,544

169,368

Amounts owed by group undertakings

362,946

268,520

Other debtors

169,970

49,539

Deferred tax asset

131,305

122,292

Prepayments

798

-

842,563

609,719

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Hire purchase contracts

126,690

145,060

Trade creditors

166,855

115,317

Amounts owed to group undertakings

-

28,270

Tax

10

-

Social security and other taxes

14,180

81,745

NEST Pension

238

-

VAT

1,200

15,722

Other creditors

-

3,067

Loan current liability

45,676

45,676

Accrued expenses

23,810

9,250

378,659

444,107

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

as restated

£

£

Hire purchase contracts

218,130

293,994

Loans

71,438

116,255

289,568

410,249

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

as restated

£

£

306

Ordinary

1

306

306

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2016

433,593

448,975

882,568

Profit for the year

184,184

184,184

At 31 March 2017

617,777

448,975

1,066,752

10.	RELATED PARTY DISCLOSURES

Included in 'Debtors' note 9 are amounts due from the company which is immediate parent of Beyond Medispa

Limited. And included in 'Creditors' note 10 are amounts due to the companies which are under common control:

Debtor balances:

2017 2016

£ £

Amounts owed by:

Medispa Treatment Limited 262,599 247,599

PH Advantage Limited 76,361 20,921

Charles Wilkinson 23,986 -

---------------- -------------------

362,946 268,520

======== =========

Transactions:

During the year the following non trading transactions were undertaken between the company and the related

parties:

- During the year the company has provided further loans of £15,000 (2016 -£121,599) to Medispa Treatment

Limited and this amount were included an amount of £15,000 (2016 - £112,000) paid to Mr. Chris Clark as

deferred considerations.

- During the year the company also provided loan to Mr. Charles Wilkinson, a former shareholder and consultant

to the company amounting of £52,256 and repaid amounting of £28,270 through AOM Limited. A balance of

£23,985 exist with him at the balance sheet date.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Medispa Treatment Limited.

On 28 May 2013, 90% of the share capital of Beyond Medispa Limited was acquired by Medispa Treatments

Limited.

The immediate parent company is Medispa Treatments Limited, by virtue of it's majority shareholding in

Beyond Medispa Limited.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Beyond Medispa Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Beyond Medispa Limited in accordance with the terms of our engagement letter dated 10 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Beyond Medispa Limited and state those matters that we have agreed to state to the director of Beyond Medispa Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beyond Medispa Limited director for our work or for this report.

It is your duty to ensure that Beyond Medispa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Beyond Medispa Limited. You consider that Beyond Medispa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Beyond Medispa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

EHK Consulting

Chartered Accountants

434 Finchley Road

London

NW2 2HY

5 October 2017