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 2014

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 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,423

9,346

Current assets

Stocks

50,000

44,500

Debtors

13,444

21,896

63,444

66,396

Creditors: amounts falling due within one year

(70,385)

(74,642)

Net current liabilities

(6,941)

(8,246)

Total assets less current liabilities

482

1,100

Capital and reserves

Called up share capital

Profit and loss account

480

1,098

Shareholders' funds

482

1,100

NEPTUNE SPAS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 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 26 January 2015

Mr A Russell

Director

Company Registration No. 05515457

NEPTUNE SPAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 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 April 2008).

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 2013

17,754

Additions

577

At 30 April 2014

18,331

Depreciation

At 1 May 2013

8,408

Charge for the year

2,500

At 30 April 2014

10,908

Net book value

At 30 April 2014

7,423

At 30 April 2013

9,346

NEPTUNE SPAS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Share capital

2014

2013

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

13,680

462

5,779

8,363

13,680

462

5,779

8,363