Registered number
05022875
Medical Spa Limited T/A Nakedhealth
Filleted Accounts
31 March 2025
Medical Spa Limited T/A Nakedhealth
Registered number: 05022875
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 171 751
Tangible assets 4 188,081 324,776
188,252 325,527
Current assets
Stocks 98,207 90,541
Debtors 5 21,742 28,143
Cash at bank and in hand 605,071 537,153
725,020 655,837
Creditors: amounts falling due within one year 6 (310,648) (349,885)
Net current assets 414,372 305,952
Total assets less current liabilities 602,624 631,479
Provisions for liabilities (47,020) (81,194)
Net assets 555,604 550,285
Capital and reserves
Called up share capital 4 4
Share premium 2,434 -
Profit and loss account 553,166 550,281
Shareholders' funds 555,604 550,285
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs L Stewart
Director
Approved by the board on 20 June 2025
Medical Spa Limited T/A Nakedhealth
Notes to the Accounts
for the year ended 31 March 2025
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 10 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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 2025 2024
Number Number
Average number of persons employed by the company 19 23
3 Intangible fixed assets £
Website development and software:
Cost
At 1 April 2024 16,844
At 31 March 2025 16,844
Amortisation
At 1 April 2024 16,093
Provided during the year 580
At 31 March 2025 16,673
Net book value
At 31 March 2025 171
At 31 March 2024 751
Website development and software is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 114,506 933,099 35,224 1,082,829
Additions - 942 11,712 12,654
At 31 March 2025 114,506 934,041 46,936 1,095,483
Depreciation
At 1 April 2024 75,070 651,873 31,110 758,053
Charge for the year 11,076 134,841 3,432 149,349
At 31 March 2025 86,146 786,714 34,542 907,402
Net book value
At 31 March 2025 28,360 147,327 12,394 188,081
At 31 March 2024 39,436 281,226 4,114 324,776
5 Debtors 2025 2024
£ £
Trade debtors 1,851 2,517
Prepayments 18,016 23,751
Other debtors 1,875 1,875
21,742 28,143
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 61,190 89,614
Accruals and deferred income 135,904 151,299
Taxation and social security costs 110,024 100,455
Other creditors 3,530 8,517
310,648 349,885
7 Other information
Medical Spa Limited T/A Nakedhealth is a private company limited by shares and incorporated in England. Its registered office is:
261-263 Coombe Lane,
London,
SW20 0RH
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