REGISTERED NUMBER: 11004806 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Utopia Wellness and Leisure Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Hillier

J R Treharne

E C Hillier

SECRETARY:

T D Brown

REGISTERED OFFICE:

50 The Ridings

Surbiton

Surrey

KT5 8HQ

REGISTERED NUMBER:

11004806 (England and Wales)

FIXED ASSETS

Intangible assets

4

36,570

48,760

Tangible assets

5

82,196

115,854

118,766

164,614

CURRENT ASSETS

Stocks

144,681

135,480

Debtors

6

63,726

24,804

Cash at bank

582,583

370,625

790,990

530,909

CREDITORS

Amounts falling due within one year

7

718,192

475,727

NET CURRENT ASSETS

72,798

55,182

TOTAL ASSETS LESS CURRENT LIABILITIES

191,564

219,796

CREDITORS

Amounts falling due after more than one year

8

(51,697

)

(84,225

)

PROVISIONS FOR LIABILITIES

(20,549

)

(28,936

)

NET ASSETS

119,318

106,635

CAPITAL AND RESERVES

Called up share capital

9

500

500

Retained earnings

10

118,818

106,135

SHAREHOLDERS' FUNDS

119,318

106,635

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.

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 9 April 2025 and were signed on its behalf by:

M R Hillier - Director

J R Treharne - Director

E C Hillier - Director

1.	STATUTORY INFORMATION

Utopia Wellness and Leisure 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents and trademarks

Trademarks and patents are amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on cost and 20% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

12,500

109,400

121,900

AMORTISATION

At 1 January 2024

7,500

65,640

73,140

Charge for year

1,250

10,940

12,190

At 31 December 2024

8,750

76,580

85,330

NET BOOK VALUE

At 31 December 2024

3,750

32,820

36,570

At 31 December 2023

5,000

43,760

48,760

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

184,348

DEPRECIATION

At 1 January 2024

68,494

Charge for year

33,658

At 31 December 2024

102,152

NET BOOK VALUE

At 31 December 2024

82,196

At 31 December 2023

115,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

17,401

22,979

Other debtors

46,325

1,825

63,726

24,804

Other debtors incudes an amount of £45,500 owed by a Director the company, the loan bears interest at the official rate and is being repaid in instalments and is scheduled to be fully repaid by 30 September 2025.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

426,270

292,129

Taxation and social security

219,215

138,335

Other creditors

62,707

35,263

718,192

475,727

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,116

12,097

Other creditors

48,581

72,128

51,697

84,225

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

500

Ordinary

£1

500

500

10.

RESERVES

Retained

earnings

£

At 1 January 2024

106,135

Profit for the year

200,683

Dividends

(188,000

)

At 31 December 2024

118,818

11.	ULTIMATE CONTROLLING PARTY

The Ultimate controlling parties are M R Hillier and J R Treharne.