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Registered number: 13312151
The Massage Company - Putney Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2025
Virgate Accounts Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13312151
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,981 43,780
Tangible Assets 5 97,438 120,311
134,419 164,091
CURRENT ASSETS
Stocks 6 695 695
Debtors 7 25,120 21,347
Cash at bank and in hand 1,481 9,055
27,296 31,097
Creditors: Amounts Falling Due Within One Year 8 (773,898 ) (735,259 )
NET CURRENT ASSETS (LIABILITIES) (746,602 ) (704,162 )
TOTAL ASSETS LESS CURRENT LIABILITIES (612,183 ) (540,071 )
Creditors: Amounts Falling Due After More Than One Year 9 (23,045 ) (95,230 )
NET LIABILITIES (635,228 ) (635,301 )
CAPITAL AND RESERVES
Called up share capital 11 2,000 2,000
Profit and Loss Account (637,228 ) (637,301 )
SHAREHOLDERS' FUNDS (635,228) (635,301)
Page 1
Page 2
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Francis Walker
Director
30/04/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Massage Company - Putney Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13312151 . The registered office is 1 Minster Court, Tuscam Way, Camberley, Surrey, GU15 3YY.
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, excluding discounts, rebates, value added tax and other sales taxes.
Where payments are received from customers in advance, the amounts are recorded as deferred income and included as part of creditors due within one year.
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 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets is computer software, it is amortised to the profit and loss account over its estimated economic life of 10 years.
2.5. 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:
Leasehold 10% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 20% on cost
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. 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.
...CONTINUED
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2.7. Taxation - continued
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 year, 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 18)
19 18
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2025 49,995 18,000 67,995
As at 31 December 2025 49,995 18,000 67,995
Amortisation
As at 1 January 2025 17,915 6,300 24,215
Provided during the period 4,999 1,800 6,799
As at 31 December 2025 22,914 8,100 31,014
Net Book Value
As at 31 December 2025 27,081 9,900 36,981
As at 1 January 2025 32,080 11,700 43,780
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 159,745 6,328 35,939 16,556 218,568
Additions 2,829 1,360 - 942 5,131
As at 31 December 2025 162,574 7,688 35,939 17,498 223,699
Depreciation
As at 1 January 2025 57,881 3,688 25,483 11,205 98,257
Provided during the period 16,092 1,334 7,188 3,390 28,004
As at 31 December 2025 73,973 5,022 32,671 14,595 126,261
Net Book Value
As at 31 December 2025 88,601 2,666 3,268 2,903 97,438
As at 1 January 2025 101,864 2,640 10,456 5,351 120,311
Page 4
Page 5
6. Stocks
2025 2024
£ £
Stock 695 695
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 1,582 -
Other debtors 14,788 12,597
16,370 12,597
Due after more than one year
Other debtors 8,750 8,750
25,120 21,347
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 24,025 21,982
Bank loans and overdrafts 40,000 40,000
Other creditors 699,066 655,827
Taxation and social security 10,807 17,450
773,898 735,259
Other creditors includes amounts owed to the directors. These balances are interest-free and repayable on demand.
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,045 63,045
Other creditors - 32,185
23,045 95,230
10. Secured Creditors
The bank has a fixed and floating charge over all the assets and undertakings of the company.
The following secured debts are included within creditors:
2025 2024
£ £
Bank loans and overdrafts 63,045 103,045
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2,000 2,000
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Page 6
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 35,000 35,000
Later than one year and not later than five years 140,000 140,000
Later than five years 14,583 51,572
189,583 226,572
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