Company Registration No. 09921418 (England and Wales)
NAMASTE LIFESTYLE GROUP LIMITED
Unaudited accounts
for the year ended 30 June 2023
NAMASTE LIFESTYLE GROUP LIMITED
Unaudited accounts
Contents
NAMASTE LIFESTYLE GROUP LIMITED
Company Information
for the year ended 30 June 2023
Directors
J P Ivens
C M Walsh
Company Number
09921418 (England and Wales)
Registered Office
Unit 3 Atherstone Hill
Atherstone on Stour
Stratford Upon Avon
CV37 8NF
ENGLAND
Accountants
Richard Matthew Accountancy Ltd
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
NAMASTE LIFESTYLE GROUP LIMITED
Statement of financial position
as at 30 June 2023
Intangible assets
2,826
363
Tangible assets
11,551
11,618
Cash at bank and in hand
137
13,198
Creditors: amounts falling due within one year
(54,475)
(49,175)
Net current liabilities
(24,553)
(10,567)
Net (liabilities)/assets
(10,176)
1,414
Called up share capital
2
2
Profit and loss account
(10,178)
1,412
Shareholders' funds
(10,176)
1,414
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
J P Ivens
Director
Company Registration No. 09921418
NAMASTE LIFESTYLE GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
NAMASTE LIFESTYLE GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09921418. The registered office is Unit 3 Atherstone Hill, Atherstone on Stour, Stratford Upon Avon, CV37 8NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over life of tenancy
Plant & machinery
50% straight line
Fixtures & fittings
33.3% straight line
Computer equipment
50% straight line
Other tangible fixed assets
10% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
NAMASTE LIFESTYLE GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Other
Intangible assets comprising trademarks are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is provided at a rate of 10% per annum on a straight line basis.
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
6,193
13,480
19,673
At 30 June 2023
6,433
18,463
24,896
At 1 July 2022
5,675
2,380
8,055
Charge for the year
578
4,712
5,290
At 30 June 2023
6,253
7,092
13,345
At 30 June 2023
180
11,371
11,551
At 30 June 2022
518
11,100
11,618
Amounts falling due within one year
Accrued income and prepayments
730
1,125
Amounts falling due after more than one year
NAMASTE LIFESTYLE GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
50,628
48,381
8
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
31,884
49,627
9
Transactions with related parties
The amounts due to key management personnel are repayable on demand and interest free.
10
Average number of employees
During the year the average number of employees was 0 (2022: 1).