2Accounting Policies

Basis of measurement and preparation of accounts
1 General Information
Contrast Wellness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15463138. The registered office is Newlands Park Southam Lane, Southam, Cheltenham, England, GL52 3PE.

2. Accounting Policies

2.1. Basis of preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities. “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006.

Turnover policy
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods from the rendering of service. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible assets depreciation policy
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the costs of the fixed assets, less their estimate residual value, over their expected useful lives on the following bases:
Fixtures and fittings – 20% Reducing Balance

Other accounting policies
2.4. Taxation
Taxation for the period 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.

2.5. Going Concern
Despite being in a net liability position at 31 March 2025, the financial statement have been prepared on a going concern basis. The director has reviewed the future cash flows of the business and has expressed their willingness to financially support the company for the foreseeable future, therefore deeming the going concern basis of preparation to be appropriate.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 3

4. Tangible Assets

Cost
As at 2 February 2024: £0
Additions: £8,400
As at 31 March 2025: £8,400

Depreciation
As at 2 February 2024: £0
Provided during the period: £1,680
As at 31 March 2025: £1,680

Net Book Value
As at 31 March 2025: £6,720
As at 2 February 2024: £0

5. Creditor: Amounts Falling Due within One Year

Directors’ loan account: £58,000

6. Share Capital

Allotted, issued and fully paid: £1
Class: Ordinary

7. Related Party Disclosures

Mr. W Crane - Director
The director has loaned money to the company. At 31 March 2025, the company owed the director £58,000. This unsecured loan is interest free and has no fixed repayment terms.