Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-03-01No description of principal activity22false 09438550 2023-03-01 2024-02-29 09438550 2022-03-01 2023-02-28 09438550 2024-02-29 09438550 2023-02-28 09438550 c:Director1 2023-03-01 2024-02-29 09438550 d:PlantMachinery 2023-03-01 2024-02-29 09438550 d:PlantMachinery 2024-02-29 09438550 d:PlantMachinery 2023-02-28 09438550 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09438550 d:MotorVehicles 2023-03-01 2024-02-29 09438550 d:MotorVehicles 2024-02-29 09438550 d:MotorVehicles 2023-02-28 09438550 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09438550 d:FurnitureFittings 2023-03-01 2024-02-29 09438550 d:FurnitureFittings 2024-02-29 09438550 d:FurnitureFittings 2023-02-28 09438550 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09438550 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09438550 d:CurrentFinancialInstruments 2024-02-29 09438550 d:CurrentFinancialInstruments 2023-02-28 09438550 d:Non-currentFinancialInstruments 2024-02-29 09438550 d:Non-currentFinancialInstruments 2023-02-28 09438550 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09438550 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09438550 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 09438550 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 09438550 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 09438550 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-02-28 09438550 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-02-29 09438550 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 09438550 d:ShareCapital 2024-02-29 09438550 d:ShareCapital 2023-02-28 09438550 d:RetainedEarningsAccumulatedLosses 2024-02-29 09438550 d:RetainedEarningsAccumulatedLosses 2023-02-28 09438550 c:FRS102 2023-03-01 2024-02-29 09438550 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 09438550 c:FullAccounts 2023-03-01 2024-02-29 09438550 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 09438550









MARQUISE SPAS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
MARQUISE SPAS LIMITED
REGISTERED NUMBER: 09438550

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
28,304
36,283

  
28,304
36,283

Current assets
  

Stocks
  
121,000
121,000

Debtors: amounts falling due within one year
 5 
67,825
4,662

Cash at bank and in hand
 6 
10,203
10,087

  
199,028
135,749

Creditors: amounts falling due within one year
 7 
(196,660)
(161,345)

Net current assets/(liabilities)
  
 
 
2,368
 
 
(25,596)

Total assets less current liabilities
  
30,672
10,687

Creditors: amounts falling due after more than one year
 8 
(10,269)
(24,700)

  

Net assets/(liabilities)
  
20,403
(14,013)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
20,303
(14,113)

  
20,403
(14,013)


Page 1

 
MARQUISE SPAS LIMITED
REGISTERED NUMBER: 09438550
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

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 her 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.

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: 




................................................
Katherine Garnett
Director

Date: 29 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Marquise Spas Limited is a private company limited by shares, registered in the United Kingdom number 09438550. Its registered office is 7 Burrs Lea Close, Bury, Lancashire, BL9 5HT.
During the year, the principal activity of the company continued to be that of the supply and fitting of hot tubs.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.7

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the applicable method outline below.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 March 2023
19,893
33,575
56,587
110,055



At 29 February 2024

19,893
33,575
56,587
110,055



Depreciation


At 1 March 2023
16,383
22,629
34,759
73,771


Charge for the year on owned assets
878
2,737
4,365
7,980



At 29 February 2024

17,261
25,366
39,124
81,751



Net book value



At 29 February 2024
2,632
8,209
17,463
28,304



At 28 February 2023
3,510
10,946
21,827
36,283


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
67,825
4,658

Other debtors
-
4

67,825
4,662


Page 6

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
10,203
10,087

10,203
10,087



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
7,464
-

Corporation tax
12,472
-

Other taxation and social security
27,511
15,911

Other creditors
147,122
142,668

Accruals and deferred income
2,091
2,766

196,660
161,345



8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
10,269
24,700

10,269
24,700


Page 7

 
MARQUISE SPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£

Amounts falling due within one year

Bank loans
7,464
-


7,464
-

Amounts falling due 1-2 years

Bank loans
7,464
24,700


7,464
24,700

Amounts falling due 2-5 years

Bank loans
2,805
-


2,805
-


17,733
24,700



10.


Pension commitments


11.


Transactions with directors

During the year the directors loan account amounted to £144,872, this was made up of an opening credit balance of £142,668, advances totalling £25,000 and credits totalling £27,204. This is represented within other creditors.

 
Page 8