Company Registration No. 08435349 (England and Wales)
Spa-Espana Limited
Unaudited accounts
for the year ended 31 March 2018
Spa-Espana Limited
Unaudited accounts
Contents
Spa-Espana Limited
Company Information
for the year ended 31 March 2018
Company Number
08435349 (England and Wales)
Registered Office
203 West Street
Fareham
Hampshire
PO16 0EN
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Spa-Espana Limited
Statement of financial position
as at
31 March 2018
Cash at bank and in hand
-
346
Creditors: amounts falling due within one year
(60,170)
(34,695)
Net current liabilities
(32,842)
(26,736)
Net liabilities
(32,370)
(26,106)
Called up share capital
1
1
Profit and loss account
(32,371)
(26,107)
Shareholders' funds
(32,370)
(26,106)
For the year ending 31 March 2018 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 6 June 2018.
William Norris
Director
Company Registration No. 08435349
Spa-Espana Limited
Notes to the Accounts
for the year ended 31 March 2018
Spa-Espana Limited is a private company, limited by shares, registered in England and Wales, registration number 08435349. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Spa-Espana Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2017
973
1,023
1,996
At 31 March 2018
973
1,023
1,996
At 1 April 2017
666
700
1,366
Charge for the year
77
81
158
At 31 March 2018
743
781
1,524
At 31 March 2018
230
242
472
At 31 March 2017
307
323
630
Finished goods
22,830
2,913
Other debtors
4,498
4,700
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
1,103
-
Taxes and social security
47
-
Loans from directors
56,046
31,941
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
31,941
47,698
23,593
56,046
31,941
47,698
23,593
56,046
9
Average number of employees
During the year the average number of employees was 2 (2017: 2).