Caseware UK (AP4) 2023.0.135 2023.0.135 2025-02-282025-02-28false2024-03-01falseCommunity pharmacy56trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05971279 2024-03-01 2025-02-28 05971279 2023-03-01 2024-02-29 05971279 2025-02-28 05971279 2024-02-29 05971279 c:Director1 2024-03-01 2025-02-28 05971279 d:Buildings 2024-03-01 2025-02-28 05971279 d:Buildings 2025-02-28 05971279 d:Buildings 2024-02-29 05971279 d:Buildings d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05971279 d:PlantMachinery 2024-03-01 2025-02-28 05971279 d:PlantMachinery 2025-02-28 05971279 d:PlantMachinery 2024-02-29 05971279 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05971279 d:MotorVehicles 2024-03-01 2025-02-28 05971279 d:MotorVehicles 2025-02-28 05971279 d:MotorVehicles 2024-02-29 05971279 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05971279 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 05971279 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-01 2025-02-28 05971279 d:Goodwill 2025-02-28 05971279 d:Goodwill 2024-02-29 05971279 d:CurrentFinancialInstruments 2025-02-28 05971279 d:CurrentFinancialInstruments 2024-02-29 05971279 d:Non-currentFinancialInstruments 2025-02-28 05971279 d:Non-currentFinancialInstruments 2024-02-29 05971279 c:FRS102 2024-03-01 2025-02-28 05971279 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05971279 c:FullAccounts 2024-03-01 2025-02-28 05971279 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05971279 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 05971279










SPA HEALTHCARE (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
SPA HEALTHCARE (UK) LIMITED
REGISTERED NUMBER: 05971279

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
£
£


Fixed assets
314,973
330,894

Current assets
106,707
119,229

Creditors: amounts falling due within one year
(218,248)
(213,801)

Net current liabilities
 
 
(111,541)
 
 
(94,572)

Total assets less current liabilities
203,432
236,322

Creditors: amounts falling due after more than one year
(204,427)
(237,452)


Net liabilities
(995)
(1,130)



Capital and reserves
(995)
(1,130)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2025.




Mr Y Wiafe Annor
Director

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Spa Healthcare (UK) Limited is a private company, limited by share capital, incorporated in England and Wales under registration number: 05971279. The address of registered office is 40 High Street, Markyate, St Albans, Hertfordshire AL3 8BP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company will have the continued financial support of the shareholders. The shareholders of the company have sufficient resources to finance the company as and when the need arises. 
The financial statements have been prepared on a going concern basis which is dependent on the financial support of the shareholders to ensure that the company will continue in operational existence for the foreseeable future.

Page 2

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line/reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2.5% straight line
Fixtures, fittings & equipment
-
25% reducing balance
Delivery vehicle
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.10

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2024 - 6).


4.


Intangible assets






Goodwill

£



Cost


At 1 March 2024
305,370



At 28 February 2025

305,370



Amortisation


At 1 March 2024
305,370



At 28 February 2025

305,370



Net book value



At 28 February 2025
-



At 29 February 2024
-



Page 5

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Tangible fixed assets







Freehold land and building
Fixtures, fittings & equipment
Delivery vehicle
Total

£
£
£
£



Cost or valuation


At 1 March 2024
454,862
25,102
37,964
517,928



At 28 February 2025

454,862
25,102
37,964
517,928



Depreciation


At 1 March 2024
142,168
18,914
25,952
187,034


Charge for the year on owned assets
11,372
1,547
3,003
15,922



At 28 February 2025

153,540
20,461
28,955
202,956



Net book value



At 28 February 2025
301,322
4,641
9,009
314,972



At 29 February 2024
312,694
6,188
12,012
330,894


6.


Debtors

28 February
29 February
2025
2024
£
£


Trade debtors
49,917
63,858

VAT repayable
7,325
7,052

Prepayments and accrued income
3,053
2,749

60,295
73,659


Page 6

 
SPA HEALTHCARE (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

7.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Bank overdraft
14,306
771

Bank loans
49,158
43,658

Other creditors
6,440
-

Trade creditors
86,160
91,377

Corporation tax
3,767
1,022

Other taxation and social security
346
546

Directors loan account
57,805
74,941

Accruals and deferred income
266
1,486

218,248
213,801


Bank loan of £44,038 (2024 - £38,538) is secured by fixed and floating charge over the assets of the company and £5,120 (2024 - £5,120) is unsecured bounce back loan.


8.


Creditors: Amounts falling due after more than one year

28 February
29 February
2025
2024
£
£

Bank loans
204,427
237,452

204,427
237,452


Bank loan of £185,605 (2024 - £214,284) is secured by fixed and floating charge over the assets of the company and £18,822 (2024 - £23,168) is unsecured bounce back loan.


9.


Controlling party

The company is under the control of the directors, Mr Y Wiafe Annor (95% share) and Mrs G C Wiafe Annor (5% share), by virtue of the fact between them they own 100% of the issued share capital.

 
Page 7