Company registration number 05519590 (England and Wales)
CLEAR NATURAL SPAS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
CLEAR NATURAL SPAS LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
CLEAR NATURAL SPAS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
3,001
Current assets
Stocks
59,707
96,373
Debtors
9,688
9,382
Cash at bank and in hand
62,418
82,813
131,813
188,568
Creditors: amounts falling due within one year
(114,059)
(160,941)
Net current assets
17,754
27,627
Total assets less current liabilities
17,755
30,628
Creditors: amounts falling due after more than one year
(11,842)
(21,316)
Provisions for liabilities
-
0
(570)
Net assets
5,913
8,742
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
5,912
8,741
Total equity
5,913
8,742

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CLEAR NATURAL SPAS LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 27 November 2024
Mr D Wakefield
Director
Company registration number 05519590 (England and Wales)
CLEAR NATURAL SPAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

Clear Natural Spas Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Highfield Business Park, Tewkesbury Road, Cheltenham, United Kingdom, GL19 4BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost. The principal accounting policies adopted are set out below.

Going concern

The director has considered the working capital needs of the company for a period of twelve months from the date of approval of these financial statements.

 

These financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during this uncertain period, by not withdrawing their funds to the detriment of other unsecured creditors and by providing further working capital as required by the company in order to deliver against its latest business plan.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 

Sales are recognised when installation is complete.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CLEAR NATURAL SPAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

 

Current or deferred taxation assets and liabilities are not discounted.

 

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

 

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but no reversed at the statement of financial position date.

 

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

 

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.

1.6
Leases

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

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
CLEAR NATURAL SPAS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 5 -
3
Tangible fixed assets
Total
£
Cost
At 1 March 2023 and 29 February 2024
15,800
Depreciation and impairment
At 1 March 2023
12,799
Depreciation charged in the year
3,000
At 29 February 2024
15,799
Carrying amount
At 29 February 2024
1
At 28 February 2023
3,001
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
5
Directors' transactions

Communication Networking Systems Limited

A company under common control

 

The related party charged the company a management fee of £90,000 (2023: £110,000) in the year on an arms' length basis. At 29 February 2024 the amount outstanding to the related party was £61,953 (2023: £107,575). The debt is unsecured, interest-free and repayable on demand.

 

Del Wakefield

Sole director and shareholder

 

Mr Wakefield provides the company with money for working capital. At 29 February 2024 the balance owing to Mr Wakefield was £16,718 (2023: £16,158). The advance is unsecured, interest-free and repayable on demand.

2024-02-292023-03-01false27 November 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr D WakefieldMr D W Wakefieldfalsefalse055195902023-03-012024-02-29055195902024-02-29055195902023-02-2805519590core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-2905519590core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2805519590core:Non-currentFinancialInstrumentscore:AfterOneYear2024-02-2905519590core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2805519590core:ShareCapital2024-02-2905519590core:ShareCapital2023-02-2805519590core:RetainedEarningsAccumulatedLosses2024-02-2905519590core:RetainedEarningsAccumulatedLosses2023-02-2805519590bus:Director12023-03-012024-02-2905519590core:MotorVehicles2023-03-012024-02-29055195902022-03-012023-02-28055195902023-02-2805519590bus:PrivateLimitedCompanyLtd2023-03-012024-02-2905519590bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905519590bus:FRS1022023-03-012024-02-2905519590bus:AuditExemptWithAccountantsReport2023-03-012024-02-2905519590bus:CompanySecretary12023-03-012024-02-2905519590bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP