Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01Physical well-being activities1112falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06694552 2023-04-01 2024-03-31 06694552 2022-04-01 2023-03-31 06694552 2024-03-31 06694552 2023-03-31 06694552 c:Director1 2023-04-01 2024-03-31 06694552 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 06694552 d:Buildings d:LongLeaseholdAssets 2024-03-31 06694552 d:Buildings d:LongLeaseholdAssets 2023-03-31 06694552 d:MotorVehicles 2023-04-01 2024-03-31 06694552 d:MotorVehicles 2024-03-31 06694552 d:MotorVehicles 2023-03-31 06694552 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06694552 d:FurnitureFittings 2023-04-01 2024-03-31 06694552 d:FurnitureFittings 2024-03-31 06694552 d:FurnitureFittings 2023-03-31 06694552 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06694552 d:OfficeEquipment 2023-04-01 2024-03-31 06694552 d:OfficeEquipment 2024-03-31 06694552 d:OfficeEquipment 2023-03-31 06694552 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06694552 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06694552 d:Goodwill 2024-03-31 06694552 d:Goodwill 2023-03-31 06694552 d:CurrentFinancialInstruments 2024-03-31 06694552 d:CurrentFinancialInstruments 2023-03-31 06694552 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06694552 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06694552 d:ShareCapital 2024-03-31 06694552 d:ShareCapital 2023-03-31 06694552 d:RetainedEarningsAccumulatedLosses 2024-03-31 06694552 d:RetainedEarningsAccumulatedLosses 2023-03-31 06694552 c:FRS102 2023-04-01 2024-03-31 06694552 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06694552 c:FullAccounts 2023-04-01 2024-03-31 06694552 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06694552 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06694552 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06694552 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 06694552 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06694552









REFLEXIONS THE REFLEXOLOGY SHOP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
REGISTERED NUMBER: 06694552

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
4,725
9,450

Tangible assets
 5 
37,695
44,085

  
42,420
53,535

Current assets
  

Debtors: amounts falling due within one year
 6 
61,496
56,913

Cash at bank and in hand
 7 
131,005
95,189

  
192,501
152,102

Creditors: amounts falling due within one year
 8 
(90,482)
(84,150)

Net current assets
  
 
 
102,019
 
 
67,952

Total assets less current liabilities
  
144,439
121,487

Provisions for liabilities
  

Deferred tax
 9 
(8,515)
(8,376)

  
 
 
(8,515)
 
 
(8,376)

Net assets
  
135,924
113,111


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
135,824
113,011

  
135,924
113,111


The director considers 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 director acknowledges his 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.
 
Page 1

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
REGISTERED NUMBER: 06694552
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


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: 




M Pavlides
Director

Date: 15 November 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Reflexions The Reflexology Shop Limited is a company limited by shares incorporated in the United Kingdom. The registered office is Ground Floor, 58a Westbourne Grove, London, W2 5SH.
The principal activity during the year continued to be that of the provision of facilities for reflexology and massage.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue represents income in respect of the provision of facilities for reflexology and massage net of value added tax and trade discounts.
Revenue is recognised in the period to which it relates.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

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.

 
2.5

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.

Page 3

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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 income 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 countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of income and retained earnings over its useful economic life.

 
2.8

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 provided on the following basis:

Long-term leasehold property
-
10 years straight-line
Motor vehicles
-
15% written down value
Fixtures and fittings
-
25% written down value
Office equipment
-
25% written down value



Page 4

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
197,690
147,165

Cost of defined contribution scheme
3,042
1,710

200,732
148,875


The average monthly number of employees, including directors, during the year was 11 (2023 - 12).

Page 5

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
70,000



At 31 March 2024

70,000



Amortisation


At 1 April 2023
60,550


Charge for the year on owned assets
4,725



At 31 March 2024

65,275



Net book value



At 31 March 2024
4,725



At 31 March 2023
9,450



Page 6

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
7,322
11,450
135,556
32,011
186,339


Additions
-
-
1,859
2,805
4,664



At 31 March 2024

7,322
11,450
137,415
34,816
191,003



Depreciation


At 1 April 2023
5,389
2,811
117,652
16,401
142,253


Charge for the year on owned assets
733
1,296
4,768
4,258
11,055



At 31 March 2024

6,122
4,107
122,420
20,659
153,308



Net book value



At 31 March 2024
1,200
7,343
14,995
14,157
37,695



At 31 March 2023
1,933
8,639
17,903
15,610
44,085


6.


Debtors

2024
2023
£
£


Other debtors
26,399
26,542

Prepayments and accrued income
35,097
30,371

61,496
56,913


Page 7

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
131,005
95,189

131,005
95,189



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,477
20,325

Corporation tax
21,746
14,361

Other taxation and social security
30,230
23,557

Other creditors
21,819
11,699

Accruals and deferred income
14,210
14,208

90,482
84,150



9.


Deferred taxation




2024


£






At beginning of year
(8,376)


Charged to profit or loss
(139)



At end of year
(8,515)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,515)
(8,376)

(8,515)
(8,376)

Page 8

 
REFLEXIONS THE REFLEXOLOGY SHOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.


Pension commitments

The Company operates a Defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted to £2,897 (2023 - £1,710). Contributions totalling £112 (2023 - £0) were payable to the fund at the balance sheet date and are included in creditors.

Page 9