Company Registration No. 11473598 (England and Wales)
Living Mind Wellbeing Limited
Unaudited accounts
for the year ended 31 July 2021
Living Mind Wellbeing Limited
Unaudited accounts
Contents
Living Mind Wellbeing Limited
Company Information
for the year ended 31 July 2021
Directors
Dr A Sarkhel
Mrs M Gulati Sarkhel
Company Number
11473598 (England and Wales)
Registered Office
10 Harley Street
London
W1G 9PF
Accountants
Rhian Davies ACA
31 New Road
Llandeilo
SA19 6DF
Living Mind Wellbeing Limited
Statement of financial position
as at
31 July 2021
Tangible assets
68,650
32,983
Cash at bank and in hand
7,428
29,346
Creditors: amounts falling due within one year
(47,048)
(44,842)
Net current (liabilities)/assets
(20,300)
10,514
Called up share capital
100
100
Profit and loss account
48,250
43,397
Shareholders' funds
48,350
43,497
For the year ending 31 July 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 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 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 of Directors and authorised for issue on 29 April 2022 and were signed on its behalf by
Dr A Sarkhel
Director
Company Registration No. 11473598
Living Mind Wellbeing Limited
Notes to the Accounts
for the year ended 31 July 2021
Living Mind Wellbeing Limited is a private company, limited by shares, registered in England and Wales, registration number 11473598. The registered office is 10 Harley Street, London, W1G 9PF.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
25% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2020
-
56,852
2,006
58,858
Additions
33,303
-
14,481
47,784
At 31 July 2021
33,303
56,852
16,487
106,642
At 1 August 2020
-
24,873
1,002
25,875
Charge for the year
-
7,995
4,122
12,117
At 31 July 2021
-
32,868
5,124
37,992
At 31 July 2021
33,303
23,984
11,363
68,650
At 31 July 2020
-
31,979
1,004
32,983
Living Mind Wellbeing Limited
Notes to the Accounts
for the year ended 31 July 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
19,320
26,010
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
(442)
4,426
Other creditors
47,490
40,416
7
Transactions with related parties
Included in Other Creditors is an amount of £44,290 owed by the company to Living Mind Limited. The two companies are connected as they share the same directors.
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).