Registered number
12889167
MAKEPEACE AND MASSAGE LTD
Unaudited Filleted Accounts
30 September 2021
MAKEPEACE AND MASSAGE LTD
Registered number: 12889167
Balance Sheet
as at 30 September 2021
Notes 2021
£
Fixed assets
Tangible assets 3 152
Current assets
Stocks 2,292
Cash at bank and in hand 6,144
8,436
Creditors: amounts falling due within one year 4 (287)
Net current assets 8,149
Net assets 8,301
Capital and reserves
Called up share capital 10,092
Profit and loss account (1,791)
Shareholder's funds 8,301
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Carmen Makepeace
Director
Approved by the board on 11 August 2022
MAKEPEACE AND MASSAGE LTD
Notes to the Accounts
for the period from 18 September 2020 to 30 September 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2021
Number
Average number of persons employed by the company 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 174
At 30 September 2021 174
Depreciation
Charge for the period 22
At 30 September 2021 22
Net book value
At 30 September 2021 152
4 Creditors: amounts falling due within one year 2021
£
Other creditors 287
5 Other information
MAKEPEACE AND MASSAGE LTD is a private company limited by shares and incorporated in England. Its registered office is:
6 Spring Field Way
Sutton Courtenay
Abingdon
Oxfordshire
OX14 4FQ
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