Registered number
07953212
GREEN AYURVEDA WELLNESS CENTRE & HOLISTIC SPA LIMITED
Filleted Accounts
29 February 2024
GREEN AYURVEDA WELLNESS CENTRE & HOLISTIC SPA LIMITED
Registered number: 07953212
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 948 1,807
Current assets
Stocks 250 1,952
Debtors 4 37,275 35,129
Cash at bank and in hand 12,071 9,582
49,596 46,663
Creditors: amounts falling due within one year 5 (26,412) (15,418)
Net current assets 23,184 31,245
Total assets less current liabilities 24,132 33,052
Creditors: amounts falling due after more than one year 6 (24,000) (33,000)
Net assets 132 52
Capital and reserves
Called up share capital 2 2
Profit and loss account 130 50
Shareholders' funds 132 52
The director is 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 director acknowledges his 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.
Mr Majosh Pekkunnel Jolly
Director
Approved by the board on 22 May 2024
GREEN AYURVEDA WELLNESS CENTRE & HOLISTIC SPA LIMITED
Notes to the Accounts
for the year ended 29 February 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
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 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 3,434
At 29 February 2024 3,434
Depreciation
At 1 March 2023 1,627
Charge for the year 859
At 29 February 2024 2,486
Net book value
At 29 February 2024 948
At 28 February 2023 1,807
4 Debtors 2024 2023
£ £
Trade debtors 1,080 601
Other debtors 36,195 34,528
37,275 35,129
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 186 -
Taxation and social security costs 22,301 11,801
Other creditors 3,925 3,617
26,412 15,418
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,000 33,000
7 Other information
GREEN AYURVEDA WELLNESS CENTRE & HOLISTIC SPA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 452 Birch Park
Thorp Arch Estate
Wetherby
West Yorkshire
LS23 7FG
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