Registered number
12409394
RELAX LDN LIMITED
Filleted Accounts
31 January 2024
RELAX LDN LIMITED
Registered number: 12409394
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 99,309 3,456
Current assets
Stocks 18,625 14,950
Debtors 4 36,492 9,945
Cash at bank and in hand 75,047 88,932
130,164 113,827
Creditors: amounts falling due within one year 5 (151,794) (47,165)
Net current (liabilities)/assets (21,630) 66,662
Net assets 77,679 70,118
Capital and reserves
Called up share capital 1 1
Profit and loss account 77,678 70,117
Shareholders' funds 77,679 70,118
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
K White
Director
Approved by the board on 10 June 2024
RELAX LDN LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Office Equipment Total
£ £ £ £
Cost
At 1 February 2023 - - 11,957 11,957
Additions 85,597 16,059 6,189 107,845
At 31 January 2024 85,597 16,059 18,146 119,802
Depreciation
At 1 February 2023 - - 8,501 8,501
Charge for the year 4,607 4,015 3,370 11,992
At 31 January 2024 4,607 4,015 11,871 20,493
Net book value
At 31 January 2024 80,990 12,044 6,275 99,309
At 31 January 2023 - - 3,456 3,456
4 Debtors 2024 2023
£ £
Trade debtors 1,559 -
Prepayment 8,250 -
Other debtors 26,683 9,945
36,492 9,945
5 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 28,655 -
Bank loans and overdrafts 22,049 -
Trade creditors 4,546 -
Taxation and social security costs 25,910 28,419
Other creditors 70,634 18,746
151,794 47,165
6 Other information
RELAX LDN LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
29 Gossamer Garden
London
E2 9FN
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