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REGISTERED NUMBER: 14535358 (England and Wales)















Unaudited Financial Statements

for the Period

12 December 2022 to 31 May 2024

for

Leicester MediSpa Ltd

Leicester MediSpa Ltd (Registered number: 14535358)

Contents of the Financial Statements
for the Period 12 December 2022 to 31 May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Leicester MediSpa Ltd

Company Information
for the Period 12 December 2022 to 31 May 2024







DIRECTORS: S Dharamshi
F S Dharamshi





REGISTERED OFFICE: Unit A The Woodlands
Britannia Way
Thurmaston
Leicestershire
LE4 8JY





REGISTERED NUMBER: 14535358 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Leicester MediSpa Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Leicester MediSpa Ltd for the period ended 31 May 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Leicester MediSpa Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Leicester MediSpa Ltd and state those matters that we have agreed to state to the Board of Directors of Leicester MediSpa Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leicester MediSpa Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leicester MediSpa Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Leicester MediSpa Ltd. You consider that Leicester MediSpa Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Leicester MediSpa Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


9 September 2024

Leicester MediSpa Ltd (Registered number: 14535358)

Statement of Financial Position
31 May 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 7,999
Tangible assets 5 624,599
632,598

CURRENT ASSETS
Stocks 3,567
Debtors 6 27,338
Cash at bank and in hand 12,756
43,661
CREDITORS
Amounts falling due within one year 7 794,885
NET CURRENT LIABILITIES (751,224 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(118,626

)

CREDITORS
Amounts falling due after more than
one year

8

91,800
NET LIABILITIES (210,426 )

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings (210,526 )
SHAREHOLDERS' FUNDS (210,426 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 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.

Leicester MediSpa Ltd (Registered number: 14535358)

Statement of Financial Position - continued
31 May 2024


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 9 September 2024 and were signed on its behalf by:





F S Dharamshi - Director


Leicester MediSpa Ltd (Registered number: 14535358)

Notes to the Financial Statements
for the Period 12 December 2022 to 31 May 2024


1. STATUTORY INFORMATION

Leicester MediSpa Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - Straight line over 12 years
Fixtures and fittings - Straight line over 8 years
Computer equipment - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Leicester MediSpa Ltd (Registered number: 14535358)

Notes to the Financial Statements - continued
for the Period 12 December 2022 to 31 May 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

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.

Grants
A grant receivable in relation to improvements to leasehold properties are recognised as income over the periods necessary to match them against the related costs which they are intended to compensate, on a systematic basis. The grants received are shown separately as other income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 8,420
At 31 May 2024 8,420
AMORTISATION
Charge for period 421
At 31 May 2024 421
NET BOOK VALUE
At 31 May 2024 7,999

Leicester MediSpa Ltd (Registered number: 14535358)

Notes to the Financial Statements - continued
for the Period 12 December 2022 to 31 May 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 639,777
At 31 May 2024 639,777
DEPRECIATION
Charge for period 15,178
At 31 May 2024 15,178
NET BOOK VALUE
At 31 May 2024 624,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 27,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 37,029
Trade creditors 49,339
Taxation and social security 1,331
Other creditors 707,186
794,885

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Hire purchase contracts 91,800

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 128,829

The hire purchase agreements are secured on the assets to which they relate.

Leicester MediSpa Ltd (Registered number: 14535358)

Notes to the Financial Statements - continued
for the Period 12 December 2022 to 31 May 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary A Shares 1 50
50 Ordinary B Shares 1 50
100

50 Ordinary A Shares of £1 and 50 Ordinary B Shares of £1 each were allotted & fully paid for cash at par during the period.

11. OTHER FINANCIAL COMMITMENTS

At the end of the year the company was committed to expenditure under non-cancellable operating leases totalling £113,397.

12. GOING CONCERN

Included in other creditors are loans from the directors totalling £528,038, which are interest free and repayable on demand. The company relies on this support by its directors and they have agreed to continue to support the company for the foreseeable future as necessary.