Company No: 08911697 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	Christopher Daniel Brady
	Melissa Louise Elliff-Brady

REGISTERED OFFICE	Sleaford Enterprise Park Unit 3
	Sellwood Ct
	Sleaford
	NG34 8GJ
	United Kingdom

COMPANY NUMBER

08911697 (England and Wales)

ACCOUNTANT	Duncan & Toplis Limited
	18 Northgate
	Sleaford
	Lincolnshire
	NG34 7BJ

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	350,566		320,429
		350,566		320,429
Current assets
Stocks		163,054		138,107
Debtors	4	147,343		82,074
Cash at bank and in hand		608,012		794,880
		918,409		1,015,061
Creditors: amounts falling due within one year	5	( 145,555)		( 221,423)
Net current assets		772,854		793,638
Total assets less current liabilities		1,123,420		1,114,067
Creditors: amounts falling due after more than one year	6	( 62,500)		( 92,500)
Provision for liabilities		( 76,724)		( 67,264)
Net assets		984,196		954,303
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		984,096		954,203
Total shareholders' funds		984,196		954,303

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of 1 Stop Spas (registered number: 08911697) were approved and authorised for issue by the Board of Directors on 05 November 2025. They were signed on its behalf by:

Christopher Daniel Brady Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

1 Stop Spas (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sleaford Enterprise Park Unit 3, Sellwood Ct, Sleaford, NG34 8GJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery etc.	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving and obsolete items.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		13

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 March 2024	106,560		487,039		593,599
Additions	0		108,059		108,059
Disposals	0		( 39,694)		( 39,694)
At 28 February 2025	106,560		555,404		661,964
Accumulated depreciation
At 01 March 2024	49,601		223,569		273,170
Charge for the financial year	8,544		49,427		57,971
Disposals	0		( 19,743)		( 19,743)
At 28 February 2025	58,145		253,253		311,398
Net book value
At 28 February 2025	48,415		302,151		350,566
At 29 February 2024	56,959		263,470		320,429

4. Debtors

	2025		2024
	£		£
Trade debtors	32,945		66,837
Other debtors	114,398		15,237
	147,343		82,074

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	101,091		62,831
Taxation and social security	30,166		111,671
Other creditors	14,298		46,921
	145,555		221,423

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	62,500		92,500

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance outstanding at start of year	(33,272)		(60,237)
Amounts advanced	153,687		101,845
Amounts repaid	(6,685)		(38,510)
Balance outstanding at end of year	113,730		(33,272)

Interest is charged on the overdrawn directors loan accounts at the official rate where applicable. The loans made to the directors are unsecured and repayable on demand.