Company registration number: 10671115
Unaudited financial statements
for the year ended 31 March 2024
for
Zero Gravity Float Spa Limited
Pages for filing with the Registrar
Company registration number: 10671115
Zero Gravity Float Spa Limited
Balance sheet
as at 31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 97,536 120,292
97,536 120,292
Current assets
Debtors 10,789 9,489
Cash at bank and in hand 301 1,046
11,090 10,535
Creditors: amounts falling due within
one year
(20,576) (11,265)
Net current liabilities (9,486) (730)
Total assets less current liabilities 88,050 119,562
Creditors: Amounts falling due after
more than one year
(620,373) (560,897)
NET LIABILITIES (532,323) (441,335)
Capital and reserves
Called up share capital 229 228
Profit and loss account (532,552) (441,563)
TOTAL EQUITY (532,323) (441,335)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 10671115
Zero Gravity Float Spa Limited
Balance sheet - continued
as at 31 March 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 25 November 2024 and signed on its behalf by:
Mr S Preedy, Director Mr G Poston, Director
25 November 2024 25 November 2024
2
Zero Gravity Float Spa Limited
Notes to the financial statements
for the year ended 31 March 2024
1 Company information
Zero Gravity Float Spa Limited is a private company registered in England and Wales. Its registered number is 10671115. The company is limited by shares. Its registered office is 26 Stamford New Road, Altrincham, WA14 1EJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 10% straight line
Plant and machinery - 10% straight line
Fixtures & fittings - 25% straight line
Computer equipment - 25% straight line
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or lossover the relevant period. The capital element of the future payments is treated as a liability.
3
Zero Gravity Float Spa Limited
Notes to the financial statements - continued
for the year ended 31 March 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2023 - 11).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2023 230,007
At 31 March 2024 230,007
Depreciation
At 1 April 2023 109,715
Charge for year 22,756
At 31 March 2024 132,471
Net book value
At 31 March 2024 97,536
At 31 March 2023 120,292
4