Spa Medical Services Ltd FILLETED ACCOUNTS COVER
Spa Medical Services Ltd
Company No. 09461686
Information for Filing with The Registrar
28 February 2018
Spa Medical Services Ltd DIRECTORS REPORT REGISTRAR
The Director presents his report and the accounts for the year ended 28 February 2018.
Principal activities
The principal activity of the company during the year under review was Health checks.
Director
The Director who served at any time during the year was as follows:
D. Cominos
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D. Cominos
Director
12 November 2018
Spa Medical Services Ltd BALANCE SHEET REGISTRAR
at
28 February 2018
Company No.
09461686
Notes
2018
2017
£
£
Current assets
Debtors
2
906345
Cash at bank and in hand
6290
968435
Creditors: Amount falling due within one year
3
(33,540)
(3,376)
Net current liabilities
(32,572)
(2,941)
Total assets less current liabilities
(32,572)
(2,941)
Net liabilities
(32,572)
(2,941)
Capital and reserves
Called up share capital
100100
Profit and loss account
4
(32,672)
(3,041)
Total equity
(32,572)
(2,941)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 28 February 2018 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 November 2018
And signed on its behalf by:
D. Cominos
Director
Spa Medical Services Ltd NOTES TO THE ACCOUNTS REGISTRAR
for the year ended 28 February 2018
1
Accounting policies
Basis of preparation
The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Companies Act 2006 . There were no material departures from that standard.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2
Debtors
2018
2017
£
£
VAT recoverable
906304
Prepayments and accrued income
-41
906345
3
Creditors:
amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
1,009-
Trade creditors
135650
Other taxes and social security
-51
Loans from directors
32,3962,675
33,5403,376
4
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
5
Related party disclosures
Controlling party
Immediate controlling party
Mr D. Cominos
6
Additional information
Its registered number is:
09461686
Its registered office is:
27
Old Gloucester Street
London
WC1N 3AX
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