Calmed Springs Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Calmed Springs Limited is a private company, limited by shares, incorporated in England & Wales,

registered number 15643824 . The registered office is 7 Huyton Avenue, St. Helens, WA10 6LU.

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.

The Company was formed on 13 April 2024 and commenced trading on that date. The accounts have been prepared for an extended period from 13 April 2024 to 30 April 2025 representing the nearest month end date for a year of trading

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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 3 years.

2.4. 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 cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line method
Fixtures & Fittings	5 years straight line method
Computer Equipment	3 years straight line method

2.5. Leasing and Hire Purchase Contracts

At inception the group assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

Finance leases

Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases. Finance leases are capitalised at commencement of the lease as assets at the fair value of the leased asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined, the Company’s incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset. Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date. The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

Operating leases

...CONTINUED

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Calmed Springs Limited

Notes to the Financial Statements (continued)

For the Period 13 April 2024 to 30 April 2025

2.5. Leasing and Hire Purchase Contracts - continued

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The Company operates a defined contribution pension scheme for its employees. A defined contribution benefit scheme 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 when they are due. Amounts not paid are included in Other creditors in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.8. Financial Liabilities

Basic financial liabilities, including trade creditors, other loans, other creditors and taxation and social security, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction. Where the debt instrument is due in more than one year it is measured at the present value of the future receipts discounted at a market rate of interest, otherwise its transaction price continues to be used.

2.9. Capital and other commitments

The Company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:

Due within one year - £10,710

Due within two to five years - £45,585

3. Average Number of Employees

Average number of employees, including directors, during the period was: 4

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Calmed Springs Limited

Notes to the Financial Statements (continued)

For the Period 13 April 2024 to 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 13 April 2024	-
Additions	19,200

As at 30 April 2025	19,200

Amortisation
As at 13 April 2024	-
Provided during the period	3,733

As at 30 April 2025	3,733

Net Book Value
As at 30 April 2025	15,467

As at 13 April 2024	-

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 13 April 2024	-	-	-	-
Additions	3,506	4,711	1,784	10,001

As at 30 April 2025	3,506	4,711	1,784	10,001

Depreciation
As at 13 April 2024	-	-	-	-
Provided during the period	500	521	335	1,356

As at 30 April 2025	500	521	335	1,356

Net Book Value
As at 30 April 2025	3,006	4,190	1,449	8,645

As at 13 April 2024	-	-	-	-

6. Debtors

	30 April 2025
	£
Due within one year
Other debtors	1,050

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Calmed Springs Limited

Notes to the Financial Statements (continued)

For the Period 13 April 2024 to 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	30 April 2025
	£
Trade creditors	623
Other loans	14,500
Other creditors	16,179
Taxation and social security	770

	32,072

8. Share Capital

	30 April 2025
	£
Allotted, Called up and fully paid	4

There are 3 Ordinary £1 A shares with voting rights and 1 Ordinary £1 B Share with no voting rights both are entitled to dividends.

9. Related Party Transactions

During the year the Director paid for expenses on the company’s behalf, at the period end the expenses incurred that required repayment to the Director, that had not been repaid were £6,108 with the balance included within Other creditors.

10. Ultimate Controlling Party

The company was under the direct control of the Director during the year.

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		30 April 2025
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		15,467
Tangible Assets	5		8,645

			24,112
CURRENT ASSETS
Debtors	6	1,050
Cash at bank and in hand		10,971

		12,021
Creditors: Amounts Falling Due Within One Year	7	(32,072 )

NET CURRENT ASSETS (LIABILITIES)			(20,051 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,061

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,636 )

NET ASSETS			2,425

CAPITAL AND RESERVES
Called up share capital	8		4
Profit and Loss Account			2,421

SHAREHOLDERS' FUNDS			2,425