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REGISTERED NUMBER: 06645386 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Madison Spa Limited

Madison Spa Limited (Registered number: 06645386)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Madison Spa Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: Mrs K Hamdy
Dr R Hamdy





REGISTERED OFFICE: 33a Hospital Street
Nantwich
Cheshire
CW5 5RL





REGISTERED NUMBER: 06645386 (England and Wales)

Madison Spa Limited (Registered number: 06645386)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 32,451 41,574
32,451 41,574

CURRENT ASSETS
Stocks 5,150 5,050
Debtors 7 14,581 165,202
Cash at bank and in hand 240,929 86,716
260,660 256,968
CREDITORS
Amounts falling due within one year 8 (95,785 ) (130,611 )
NET CURRENT ASSETS 164,875 126,357
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,326

167,931

CREDITORS
Amounts falling due after more than one
year

9

(5,819

)

(15,004

)

PROVISIONS FOR LIABILITIES 11 (6,166 ) (7,899 )
NET ASSETS 185,341 145,028

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 185,241 144,928
SHAREHOLDERS' FUNDS 185,341 145,028

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Madison Spa Limited (Registered number: 06645386)

Statement of Financial Position - continued
31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





Mrs K Hamdy - Director


Madison Spa Limited (Registered number: 06645386)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Madison Spa Limited ('The Company') is primarily engaged in the provision of services in the beauty industry.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principle place of business and registered office is 33a Hospital Street, Nantwich, Cheshire, CW5 5RL. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Madison Spa Limited (Registered number: 06645386)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Short leasehold- 20% on cost
Plant & machinery - 25% on reducing balance
Fixture & fittings- 25% on reducing balance
Computer equipment- 33% on cost

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Madison Spa Limited (Registered number: 06645386)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. ACCOUNTING POLICIES - continued

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.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset maybe impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 22,764
AMORTISATION
At 1 January 2024
and 31 December 2024 22,764
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Madison Spa Limited (Registered number: 06645386)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 50,000 213,607 76,621 17,853 358,081
Additions - 1,962 - 493 2,455
At 31 December 2024 50,000 215,569 76,621 18,346 360,536
DEPRECIATION
At 1 January 2024 50,000 180,234 69,901 16,372 316,507
Charge for year - 8,834 1,680 1,064 11,578
At 31 December 2024 50,000 189,068 71,581 17,436 328,085
NET BOOK VALUE
At 31 December 2024 - 26,501 5,040 910 32,451
At 31 December 2023 - 33,373 6,720 1,481 41,574

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,581 165,202

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,112 10,112
Trade creditors 3,731 30,949
Taxation and social security 29,853 15,109
Other creditors 52,089 74,441
95,785 130,611

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,819 15,004

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 62,857 62,857
Between one and five years 99,625 162,482
162,482 225,339

Madison Spa Limited (Registered number: 06645386)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,166 7,899

Deferred
tax
£   
Balance at 1 January 2024 7,899
Credit to Income Statement during year (1,733 )
Balance at 31 December 2024 6,166

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mrs K Hamdy and Dr R Hamdy
Balance outstanding at start of year 145,490 -
Amounts advanced - 145,490
Amounts repaid (145,490 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 145,490