REGISTERED NUMBER: 10557447 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cumbria Spa's Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Hughes

SECRETARY:

REGISTERED OFFICE:

High Bridge Lodge

Kirkby in Furness

Cumbria

LA17 7TT

REGISTERED NUMBER:

10557447 (England and Wales)

ACCOUNTANTS:

A.F.McGhee & Co.

Chartered Accountants

1st Floor Offices,

54 Main Road

Windermere

Cumbria

LA23 1DX

FIXED ASSETS

Tangible assets

4

5,811

7,748

CURRENT ASSETS

Stocks

49,717

66,108

Debtors

5

35,300

58,386

85,017

124,494

CREDITORS

Amounts falling due within one year

6

111,178

96,216

NET CURRENT (LIABILITIES)/ASSETS

(26,161

)

28,278

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,350

)

36,026

CREDITORS

Amounts falling due after more than one year

7

(34,523

)

(66,664

)

PROVISIONS FOR LIABILITIES

(1,104

)

(1,472

)

NET LIABILITIES

(55,977

)

(32,110

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(56,077

)

(32,210

)

SHAREHOLDERS' FUNDS

(55,977

)

(32,110

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

D M Hughes - Director

1.	STATUTORY INFORMATION

Cumbria Spa's 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 accounts have been prepared on the going concern basis, due to the ongoing financial support of the bank and the company directors and shareholders.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Integral plant

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% 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 Statement of Income and Retained Earnings, 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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Integral

Plant and

Motor

Office

plant

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

7,000

17,478

7,900

8,142

40,520

DEPRECIATION

At 1 April 2024

6,066

12,539

6,025

8,142

32,772

Charge for year

233

1,235

469

-

1,937

At 31 March 2025

6,299

13,774

6,494

8,142

34,709

NET BOOK VALUE

At 31 March 2025

701

3,704

1,406

-

5,811

At 31 March 2024

934

4,939

1,875

-

7,748

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

35,300

47,386

Other debtors

-

11,000

35,300

58,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 8)

72,391

63,242

Trade creditors

1,996

11,401

Social security and other taxes

5,794

8,707

Other creditors

4,733

1,903

Directors' current accounts

24,770

8,968

Accruals and deferred income

1,494

1,995

111,178

96,216

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 8)

34,523

66,664

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

40,256

32,191

Bank loans

32,135

31,051

72,391

63,242

Amounts falling due between one and two years:

Bank loans - 1-2 years

34,523

66,664

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

(32,210

)

Deficit for the year

(23,867

)

At 31 March 2025

(56,077

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D M Hughes

Balance outstanding at start of year

(8,968

)

(4,330

)

Amounts repaid

(15,802

)

(4,638

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(24,770

)

(8,968

)