4 false false false false false false false false false false true false false false false true false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 134,000 134,000 xbrli:pure xbrli:shares iso4217:GBP NI065943 2023-09-01 2024-08-31 NI065943 2024-08-31 NI065943 2023-08-31 NI065943 2022-09-01 2023-08-31 NI065943 2023-08-31 NI065943 2022-08-31 NI065943 core:NetGoodwill 2023-09-01 2024-08-31 NI065943 core:FurnitureFittings 2023-09-01 2024-08-31 NI065943 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 NI065943 bus:Director1 2023-09-01 2024-08-31 NI065943 core:NetGoodwill 2024-08-31 NI065943 core:FurnitureFittings 2023-08-31 NI065943 core:FurnitureFittings 2024-08-31 NI065943 core:WithinOneYear 2024-08-31 NI065943 core:WithinOneYear 2023-08-31 NI065943 core:AfterOneYear 2024-08-31 NI065943 core:AfterOneYear 2023-08-31 NI065943 core:UKTax 2023-09-01 2024-08-31 NI065943 core:UKTax 2022-09-01 2023-08-31 NI065943 core:ShareCapital 2024-08-31 NI065943 core:ShareCapital 2023-08-31 NI065943 core:RetainedEarningsAccumulatedLosses 2024-08-31 NI065943 core:RetainedEarningsAccumulatedLosses 2023-08-31 NI065943 core:FurnitureFittings 2023-08-31 NI065943 bus:SmallEntities 2023-09-01 2024-08-31 NI065943 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 NI065943 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 NI065943 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 NI065943 bus:FullAccounts 2023-09-01 2024-08-31 NI065943 bus:OrdinaryShareClass1 2024-08-31 NI065943 bus:OrdinaryShareClass1 2023-08-31
COMPANY REGISTRATION NUMBER: NI065943
Lisburn Wellness Centre Limited
Filleted Unaudited Financial Statements
31 August 2024
Lisburn Wellness Centre Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
7
47,192
70,837
Current assets
Debtors
8
1,008
924
Cash at bank and in hand
119,258
137,843
---------
---------
120,266
138,767
Creditors: amounts falling due within one year
9
121,382
107,155
---------
---------
Net current (liabilities)/assets
( 1,116)
31,612
--------
---------
Total assets less current liabilities
46,076
102,449
Creditors: amounts falling due after more than one year
10
9,822
20,164
Provisions
Taxation including deferred tax
1,443
1,443
--------
---------
Net assets
34,811
80,842
--------
---------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
12
34,711
80,742
--------
--------
Shareholders funds
34,811
80,842
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Lisburn Wellness Centre Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Dr N Maurice
Director
Company registration number: NI065943
Lisburn Wellness Centre Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is FEB Chartered Accountants, Linenhall Exchange, First Floor, 26 Linenhall Street, Belfast, BT2 8BG, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
25% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tax on profit
Major components of tax expense
2024
2023
£
£
Current tax:
UK current tax expense
26,593
29,756
Adjustments in respect of prior periods
( 1)
--------
--------
Total current tax
26,592
29,756
--------
--------
--------
--------
Tax on profit
26,592
29,756
--------
--------
Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is higher than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 22 %).
2024
2023
£
£
Profit on ordinary activities before taxation
90,561
138,645
--------
---------
Profit on ordinary activities by rate of tax
22,640
29,830
Effect of expenses not deductible for tax purposes
5,911
( 1,042)
Effect of capital allowances and depreciation
73
1,646
Utilisation of tax losses
( 2,032)
( 678)
--------
---------
Tax on profit
26,592
29,756
--------
---------
6. Intangible assets
Goodwill
£
Cost
At 1 September 2023 and 31 August 2024
134,000
---------
Amortisation
At 1 September 2023 and 31 August 2024
134,000
---------
Carrying amount
At 31 August 2024
---------
At 31 August 2023
---------
7. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 September 2023
118,834
120,838
239,672
Additions
2,872
4,558
7,430
---------
---------
---------
At 31 August 2024
121,706
125,396
247,102
---------
---------
---------
Depreciation
At 1 September 2023
73,865
94,970
168,835
Charge for the year
16,575
14,500
31,075
---------
---------
---------
At 31 August 2024
90,440
109,470
199,910
---------
---------
---------
Carrying amount
At 31 August 2024
31,266
15,926
47,192
---------
---------
---------
At 31 August 2023
44,969
25,868
70,837
---------
---------
---------
8. Debtors
2024
2023
£
£
Other debtors
1,008
924
-------
----
9. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,613
9,613
Trade creditors
59,848
46,251
Corporation tax
26,593
29,757
Social security and other taxes
683
823
Other creditors
24,645
20,711
---------
---------
121,382
107,155
---------
---------
10. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,822
20,164
-------
--------
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
12. Reserves
The Profit and loss account reserve records retained earnings and accumulated losses.
13. Director's advances, credits and guarantees
During the year, the directors advanced net loans of £795. At balance sheet date, the amount due to the director £4,804 (2023: £4,009).
14. Related party transactions
There are no transaction with related parties requiring disclosure.