IRIS Accounts Production v24.3.2.46 09718815 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false 21956 28989 94003 17245 500 10212 71547 21956 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097188152023-03-31097188152024-03-31097188152023-04-012024-03-31097188152022-03-31097188152022-04-012023-03-31097188152023-03-3109718815ns15:EnglandWales2023-04-012024-03-3109718815ns14:PoundSterling2023-04-012024-03-3109718815ns10:Director12023-04-012024-03-3109718815ns10:Director22023-04-012024-03-3109718815ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109718815ns10:SmallEntities2023-04-012024-03-3109718815ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109718815ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109718815ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109718815ns10:FullAccounts2023-04-012024-03-3109718815ns10:Director2422023-03-3109718815ns10:Director2422022-03-3109718815ns10:Director2422023-04-012024-03-3109718815ns10:Director2422022-04-012023-03-3109718815ns10:Director2422024-03-3109718815ns10:Director2422023-03-3109718815ns10:RegisteredOffice2023-04-012024-03-3109718815ns5:CurrentFinancialInstruments2024-03-3109718815ns5:CurrentFinancialInstruments2023-03-3109718815ns5:Non-currentFinancialInstruments2024-03-3109718815ns5:Non-currentFinancialInstruments2023-03-3109718815ns5:ShareCapital2024-03-3109718815ns5:ShareCapital2023-03-3109718815ns5:RetainedEarningsAccumulatedLosses2024-03-3109718815ns5:RetainedEarningsAccumulatedLosses2023-03-3109718815ns5:PlantMachinery2023-04-012024-03-3109718815ns5:PlantMachinery2023-03-3109718815ns5:PlantMachinery2024-03-3109718815ns5:PlantMachinery2023-03-3109718815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3109718815ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3109718815ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109718815ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31097188151ns10:Director12023-03-31097188151ns10:Director12022-03-31097188151ns10:Director12023-04-012024-03-31097188151ns10:Director12022-04-012023-03-31097188151ns10:Director12024-03-31097188151ns10:Director12023-03-31
REGISTERED NUMBER: 09718815 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sunbelt Spas Limited

Sunbelt Spas Limited (Registered number: 09718815)






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


Sunbelt Spas Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S D Spivey
Mrs J L Spivey





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 09718815 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Sunbelt Spas Limited (Registered number: 09718815)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,329 73,566

CURRENT ASSETS
Stocks 5,000 25,000
Debtors 5 673,921 607,188
Cash at bank 121,786 80,868
800,707 713,056
CREDITORS
Amounts falling due within one year 6 258,813 229,822
NET CURRENT ASSETS 541,894 483,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

631,223

556,800

CREDITORS
Amounts falling due after more than one
year

7

28,894

31,981
NET ASSETS 602,329 524,819

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 602,229 524,719
SHAREHOLDERS' FUNDS 602,329 524,819

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 directors acknowledge their 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.

Sunbelt Spas Limited (Registered number: 09718815)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:




Mr S D Spivey - Director



Mrs J L Spivey - Director


Sunbelt Spas Limited (Registered number: 09718815)

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

1. STATUTORY INFORMATION

Sunbelt Spas 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 - 3 ) .

Sunbelt Spas Limited (Registered number: 09718815)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 149,050
Additions 45,075
At 31 March 2024 194,125
DEPRECIATION
At 1 April 2023 75,484
Charge for year 29,312
At 31 March 2024 104,796
NET BOOK VALUE
At 31 March 2024 89,329
At 31 March 2023 73,566

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 43,480
At 31 March 2024 43,480
DEPRECIATION
Charge for year 10,870
At 31 March 2024 10,870
NET BOOK VALUE
At 31 March 2024 32,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 81,765 20,864
Reserves re building 34,218 34,218
Other debtors 557,938 552,106
673,921 607,188

Sunbelt Spas Limited (Registered number: 09718815)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 27,257 24,757
Trade creditors 19,928 -
Taxation and social security 80,937 90,615
Other creditors 120,691 104,450
258,813 229,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 16,480 9,610
Other creditors 12,414 22,371
28,894 31,981

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mr S D Spivey and Mrs J L Spivey
Balance outstanding at start of year (21,956 ) (28,989 )
Amounts advanced 94,003 17,245
Amounts repaid (500 ) (10,212 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,547 (21,956 )