Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31212022-08-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity21falsetrue 07690058 2022-08-01 2023-07-31 07690058 2021-08-01 2022-07-31 07690058 2023-07-31 07690058 2022-07-31 07690058 c:Director1 2022-08-01 2023-07-31 07690058 d:Buildings d:ShortLeaseholdAssets 2022-08-01 2023-07-31 07690058 d:Buildings d:ShortLeaseholdAssets 2023-07-31 07690058 d:Buildings d:ShortLeaseholdAssets 2022-07-31 07690058 d:PlantMachinery 2022-08-01 2023-07-31 07690058 d:PlantMachinery 2023-07-31 07690058 d:PlantMachinery 2022-07-31 07690058 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07690058 d:FurnitureFittings 2022-08-01 2023-07-31 07690058 d:FurnitureFittings 2023-07-31 07690058 d:FurnitureFittings 2022-07-31 07690058 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07690058 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07690058 d:CurrentFinancialInstruments 2023-07-31 07690058 d:CurrentFinancialInstruments 2022-07-31 07690058 d:Non-currentFinancialInstruments 2023-07-31 07690058 d:Non-currentFinancialInstruments 2022-07-31 07690058 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07690058 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07690058 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 07690058 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 07690058 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 07690058 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 07690058 d:ShareCapital 2023-07-31 07690058 d:ShareCapital 2022-07-31 07690058 d:RetainedEarningsAccumulatedLosses 2023-07-31 07690058 d:RetainedEarningsAccumulatedLosses 2022-07-31 07690058 c:FRS102 2022-08-01 2023-07-31 07690058 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07690058 c:FullAccounts 2022-08-01 2023-07-31 07690058 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 07690058 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 07690058









RSL WELLNESS LIMITED







Unaudited

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
RSL WELLNESS LIMITED
REGISTERED NUMBER: 07690058

BALANCE SHEET
AS AT 31 JULY 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
188,180
199,245

  
188,180
199,245

Current assets
  

Stocks
  
14,194
19,151

Debtors: amounts falling due within one year
 5 
50,698
64,844

Cash at bank and in hand
 6 
267,057
225,548

  
331,949
309,543

Creditors: amounts falling due within one year
 7 
(299,235)
(317,653)

Net current assets/(liabilities)
  
 
 
32,714
 
 
(8,110)

Total assets less current liabilities
  
220,894
191,135

Creditors: amounts falling due after more than one year
 8 
(75,754)
(94,673)

  

Net assets
  
145,140
96,462


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
145,040
96,362

  
145,140
96,462


Page 1

 
RSL WELLNESS LIMITED
REGISTERED NUMBER: 07690058
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A Fomin
Director

Date: 15 April 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RSL WELLNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

RSL Wellness Limited is a private company limited by shares. The company is incorporated in England & Wales and its trading address is Unit 1 B01, 17 Micawber Street, London, N1 7TB. The registered number is 07690058.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
RSL WELLNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current Corporation Tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom where the Company operates and generates income.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

S/Term Leasehold Property
-
Over the term of the lease
Plant & machinery
-
20% reducing balance
Fixtures & fittings
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
RSL WELLNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

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.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. 


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2022 - 21).

Page 5

 
RSL WELLNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





S/Term Leasehold Property
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 August 2022
392,076
87,719
81,242
561,037


Additions
8,162
15,401
916
24,479



At 31 July 2023

400,238
103,120
82,158
585,516



Depreciation


At 1 August 2022
220,829
65,812
75,150
361,791


Charge for the year on owned assets
26,683
7,461
1,401
35,545



At 31 July 2023

247,512
73,273
76,551
397,336



Net book value



At 31 July 2023
152,726
29,847
5,607
188,180



At 31 July 2022
171,247
21,907
6,091
199,245


5.


Debtors

2023
2022
£
£


Trade debtors
3,028
1,644

Other debtors
25,410
49,651

Called up share capital not paid
100
100

Prepayments and accrued income
22,160
13,449

50,698
64,844



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
267,057
225,547

267,057
225,547


Page 6

 
RSL WELLNESS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
42,475
8,237

Corporation tax
32,676
21,974

Other taxation and social security
108,278
105,183

Other creditors
47,057
111,340

Accruals and deferred income
68,749
70,919

299,235
317,653



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
61,429
80,348

Other creditors
14,325
14,325

75,754
94,673



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due after more than 5 years

Bank loans
61,429
80,348



10.


Pension commitments

The company operates a defined contributions pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss account in the period to which they relate amounted to £3,436 (2022: £3,509).

 
Page 7