Company Registration No. 05079159 (England and Wales)
BODYCARE PERSONAL FITNESS CLUB LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
BODYCARE PERSONAL FITNESS CLUB LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BODYCARE PERSONAL FITNESS CLUB LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
80,000
90,000
Tangible assets
2
11,582
15,555
91,582
105,555
Current assets
Stocks
300
320
Debtors
2,406
2,876
Cash at bank and in hand
760
-
3,466
3,196
Creditors: amounts falling due within one year
3
(92,175)
(100,525)
Net current liabilities
(88,709)
(97,329)
Total assets less current liabilities
2,873
8,226
Provisions for liabilities
(1,881)
(2,579)
992
5,647
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
892
5,547
Shareholders' funds
992
5,647
BODYCARE PERSONAL FITNESS CLUB LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 22 February 2017
N. Smith
Director
Company Registration No. 05079159
BODYCARE PERSONAL FITNESS CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
20% reducing balance
Computer equipment
33.33% straight line
Fixtures, fittings and equipment
15% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015
200,000
50,750
250,750
Additions
-
1,328
1,328
Disposals
-
(27,967)
(27,967)
At 31 May 2016
200,000
24,111
224,111
Depreciation
At 1 June 2015
110,000
35,195
145,195
On disposals
-
(24,657)
(24,657)
Charge for the year
10,000
1,991
11,991
At 31 May 2016
120,000
12,529
132,529
Net book value
At 31 May 2016
80,000
11,582
91,582
At 31 May 2015
90,000
15,555
105,555
BODYCARE PERSONAL FITNESS CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £3,648).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100