Registered number
12037043
Escape Beauty and Wellness Ltd
Filleted Accounts
30 June 2024
Escape Beauty and Wellness Ltd
Registered number: 12037043
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 22,840 22,840
Tangible assets 4 7,990 8,511
30,830 31,351
Current assets
Stocks 1,000 1,500
Debtors 5 5,096 2,946
Cash at bank and in hand 6,355 7,880
12,451 12,326
Creditors: amounts falling due within one year 6 (50,580) (35,351)
Net current liabilities (38,129) (23,025)
Total assets less current liabilities (7,299) 8,326
Creditors: amounts falling due after more than one year 7 - (5,872)
Provisions for liabilities (1,216) (1,315)
Net (liabilities)/assets (8,515) 1,139
Capital and reserves
Called up share capital 1 1
Profit and loss account (8,516) 1,138
Shareholder's funds (8,515) 1,139
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 member has 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 J Taylor
Director
Approved by the board on 31 December 2024
Escape Beauty and Wellness Ltd
Notes to the Accounts
for the year ended 30 June 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 10% on a Reducing Balance basis
Fixtures, fittings, tools and equipment 10% on a Reducing Balance basis
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 22,840
At 30 June 2024 22,840
Amortisation
At 30 June 2024 -
Net book value
At 30 June 2024 22,840
At 30 June 2023 22,840
Goodwill is not being written off.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2023 1,590 8,070 9,660
Additions - 190 190
At 30 June 2024 1,590 8,260 9,850
Depreciation
At 1 July 2023 - 1,149 1,149
Charge for the year - 711 711
At 30 June 2024 - 1,860 1,860
Net book value
At 30 June 2024 1,590 6,400 7,990
At 30 June 2023 1,590 6,921 8,511
5 Debtors 2024 2023
£ £
Other debtors 5,096 2,946
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,851 921
Other creditors 46,729 34,430
50,580 35,351
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 5,872
8 Other information
Escape Beauty and Wellness Ltd is a private company limited by shares and incorporated in England. Its registered office is:
13 St George's Villas
Truro
Cornwall
TR1 3NL
Escape Beauty and Wellness Ltd 12037043 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr J Taylor No description of principal activity 12037043 2022-07-01 2023-06-30 12037043 core:WithinOneYear 2023-06-30 12037043 core:AfterOneYear 2023-06-30 12037043 core:ShareCapital 2023-06-30 12037043 core:RetainedEarningsAccumulatedLosses 2023-06-30 12037043 2023-07-01 2024-06-30 12037043 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12037043 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12037043 bus:Director40 2023-07-01 2024-06-30 12037043 1 2023-07-01 2024-06-30 12037043 2 2023-07-01 2024-06-30 12037043 core:LandBuildings 2023-07-01 2024-06-30 12037043 core:PlantMachinery 2023-07-01 2024-06-30 12037043 countries:England 2023-07-01 2024-06-30 12037043 bus:FRS102 2023-07-01 2024-06-30 12037043 bus:FilletedAccounts 2023-07-01 2024-06-30 12037043 2024-06-30 12037043 core:WithinOneYear 2024-06-30 12037043 core:AfterOneYear 2024-06-30 12037043 core:ShareCapital 2024-06-30 12037043 core:RetainedEarningsAccumulatedLosses 2024-06-30 12037043 core:Goodwill 2024-06-30 12037043 core:LandBuildings 2024-06-30 12037043 core:PlantMachinery 2024-06-30 12037043 2023-06-30 12037043 core:Goodwill 2023-06-30 12037043 core:LandBuildings 2023-06-30 12037043 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure