Company Registration No. 08435349 (England and Wales)
Spa-Espana Limited
Unaudited accounts
for the year ended 31 March 2021
Spa-Espana Limited
Unaudited accounts
Contents
Spa-Espana Limited
Company Information
for the year ended 31 March 2021
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
Accountants' report
Accountants' report to the director of Spa-Espana Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Spa-Espana Limited for the year ended
31 March 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Spa-Espana Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Spa-Espana Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Spa-Espana Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Spa-Espana Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Spa-Espana Limited . You consider that Spa-Espana Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Spa-Espana Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
3 June 2021
Spa-Espana Limited
Statement of financial position
as at
31 March 2021
Inventories
32,830
32,830
Cash at bank and in hand
16,961
47
Creditors: amounts falling due within one year
(58,650)
(75,080)
Net current liabilities
(97)
(37,328)
Total assets less current liabilities
103
(37,062)
Creditors: amounts falling due after more than one year
(25,000)
-
Net liabilities
(24,897)
(37,062)
Called up share capital
1
1
Profit and loss account
(24,898)
(37,063)
Shareholders' funds
(24,897)
(37,062)
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 3 June 2021 and were signed on its behalf by
William Norris
Director
Company Registration No. 08435349
Spa-Espana Limited
Notes to the Accounts
for the year ended 31 March 2021
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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
973
1,023
1,996
At 31 March 2021
973
1,023
1,996
At 1 April 2020
844
886
1,730
Charge for the year
34
32
66
At 31 March 2021
878
918
1,796
At 31 March 2021
95
105
200
At 31 March 2020
129
137
266
Spa-Espana Limited
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
8,762
4,875
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
-
846
Taxes and social security
25
(288)
Loans from directors
56,140
71,502
7
Creditors: amounts falling due after more than one year
2021
2020
8
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
(71,503)
(48,405)
(63,768)
(56,140)
(71,503)
(48,405)
(63,768)
(56,140)
10
Average number of employees
During the year the average number of employees was 2 (2020: 2).