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REGISTERED NUMBER: 03349124 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

THE WALK-IN BACKRUB LIMITED

THE WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WALK-IN BACKRUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: D Higgins
Ms J Hartshorne





SECRETARY: D Higgins





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 03349124 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

THE WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,893 9,989

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 41,916 34,386
Cash at bank 104,388 131,664
151,304 171,050
CREDITORS
Amounts falling due within one year 7 (99,270 ) (89,542 )
NET CURRENT ASSETS 52,034 81,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,927

91,497

CREDITORS
Amounts falling due after more than one year 8 (21,736 ) (34,386 )
NET ASSETS 38,191 57,111

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 38,189 57,109
SHAREHOLDERS' FUNDS 38,191 57,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





D Higgins - Director


THE WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

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

Turnover
Turnover represents amounts receivable for goods and services excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on reducing balance

Government grants
Grants are recognised over the period in which the associated costs are incurred.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

THE WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 16,041 50,846 66,887
DEPRECIATION
At 1 June 2022 8,021 48,877 56,898
Charge for year 1,604 492 2,096
At 31 May 2023 9,625 49,369 58,994
NET BOOK VALUE
At 31 May 2023 6,416 1,477 7,893
At 31 May 2022 8,020 1,969 9,989

5. STOCKS
31.5.23 31.5.22
£    £   
Stock 5,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 25,916 18,386
Other debtors 16,000 16,000
41,916 34,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 11,565 11,370
Trade creditors 12,744 25,543
Taxation and social security 71,168 48,552
Other creditors 3,793 4,077
99,270 89,542

THE WALK-IN BACKRUB LIMITED (REGISTERED NUMBER: 03349124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 21,736 34,386

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loan 8,824 13,513

Bank indebtedness is secured by a debenture comprised of a fixed and floating charge over all company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2 Ordinary £1 2 2