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REGISTERED NUMBER: 03349124 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

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 2024










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 2024







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 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,952 7,893

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 60,231 41,916
Cash at bank 91,140 104,388
156,371 151,304
CREDITORS
Amounts falling due within one year 6 (107,982 ) (99,270 )
NET CURRENT ASSETS 48,389 52,034
TOTAL ASSETS LESS CURRENT LIABILITIES 61,341 59,927

CREDITORS
Amounts falling due after more than one year 7 (7,997 ) (21,736 )
NET ASSETS 53,344 38,191

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 53,342 38,189
SHAREHOLDERS' FUNDS 53,344 38,191

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

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

BALANCE SHEET - 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 29 October 2024 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 2024


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

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 (2023 - 3 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 June 2023 16,041 50,846 66,887
Additions 7,813 - 7,813
At 31 May 2024 23,854 50,846 74,700
DEPRECIATION
At 1 June 2023 9,625 49,369 58,994
Charge for year 2,385 369 2,754
At 31 May 2024 12,010 49,738 61,748
NET BOOK VALUE
At 31 May 2024 11,844 1,108 12,952
At 31 May 2023 6,416 1,477 7,893

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 23,231 25,916
Other debtors 37,000 16,000
60,231 41,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 12,222 11,565
Trade creditors 5,501 12,744
Taxation and social security 86,209 71,168
Other creditors 4,050 3,793
107,982 99,270

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 7,997 21,736

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loan 3,704 8,824

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary £1 2 2