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.

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.

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

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 28 February 2026, the financial statements have been prepared on a going concern basis. The director is actively pursuing the sale of the business and is in discussions with potential purchasers. While the outcome of these discussions cannot be guaranteed, the director expects sufficient funding to be available to enable the company to continue trading and meet its liabilities as they fall due for the foreseeable future. Accordingly, the director considers the going concern basis of preparation to be appropriate.

3. Average Number of Employees
Average number of employees, including directors, during the period was: 1

4. Tangible Assets
Fixtures & Fittings:
Cost As at 28 February 2025 8,400
Additions 0
As at 28 February 2026 8,400

Depreciation
As at 28 February 2025 1,680
Provided during the period 1,344
As at 28 February 2026 3,024

Net Book Value
As at 28 February 2026 5,376
As at 28 February 2025 6,720

5. Share Capital
Allotted, issued and fully paid:
Number: 1
Class: Ordinary
Nominal Value: £1

7. Related Party Disclosures
Mr. W Crane
Director