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REGISTERED NUMBER: 10557447 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cumbria Spa's Limited

Cumbria Spa's Limited (Registered number: 10557447)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cumbria Spa's Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D M Hughes





SECRETARY:





REGISTERED OFFICE: High Bridge Lodge
Kirkby in Furness
Cumbria
LA17 7TT





REGISTERED NUMBER: 10557447 (England and Wales)





ACCOUNTANTS: A.F.McGhee & Co.
Chartered Accountants
1st Floor Offices,
54 Main Road
Windermere
Cumbria
LA23 1DX

Cumbria Spa's Limited (Registered number: 10557447)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,748 10,332

CURRENT ASSETS
Stocks 66,108 116,906
Debtors 5 58,386 56,292
124,494 173,198
CREDITORS
Amounts falling due within one year 6 96,216 80,009
NET CURRENT ASSETS 28,278 93,189
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,026

103,521

CREDITORS
Amounts falling due after more than one year 7 (66,664 ) (97,165 )

PROVISIONS FOR LIABILITIES (1,472 ) (1,963 )
NET (LIABILITIES)/ASSETS (32,110 ) 4,393

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (32,210 ) 4,293
SHAREHOLDERS' FUNDS (32,110 ) 4,393

Cumbria Spa's Limited (Registered number: 10557447)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2024 and were signed by:





D M Hughes - Director


Cumbria Spa's Limited (Registered number: 10557447)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cumbria Spa's Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Integral plant - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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

Cumbria Spa's Limited (Registered number: 10557447)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Integral Plant and Motor Office
plant machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 7,000 17,478 7,900 8,142 40,520
DEPRECIATION
At 1 April 2023 5,754 10,892 5,400 8,142 30,188
Charge for year 312 1,647 625 - 2,584
At 31 March 2024 6,066 12,539 6,025 8,142 32,772
NET BOOK VALUE
At 31 March 2024 934 4,939 1,875 - 7,748
At 31 March 2023 1,246 6,586 2,500 - 10,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 47,386 45,765
Other debtors 11,000 10,527
58,386 56,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 63,242 61,169
Trade creditors 11,401 -
Social security and other taxes 8,707 10,544
Other creditors 1,903 2,286
Directors' current accounts 8,968 4,330
Accruals and deferred income 1,995 1,680
96,216 80,009

Cumbria Spa's Limited (Registered number: 10557447)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 66,664 97,165

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 32,191 30,149
Bank loans 31,051 31,020
63,242 61,169

Amounts falling due between one and two years:
Bank loans - 1-2 years 66,664 97,165

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 4,293
Deficit for the year (36,503 )
At 31 March 2024 (32,210 )

Cumbria Spa's Limited (Registered number: 10557447)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D M Hughes
Balance outstanding at start of year (4,330 ) (7,810 )
Amounts advanced - 3,480
Amounts repaid (4,638 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,968 ) (4,330 )