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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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Body Rehab Studios Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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for |
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Body Rehab Studios Limited |
Body Rehab Studios Limited (Registered number: 06230821) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Body Rehab Studios Limited |
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Company Information |
for the Year Ended 30 April 2017 |
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Director: |
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Secretary: |
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Registered office: |
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Business address: |
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Registered number: |
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Accountants: |
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Chartered accountants |
85 Church Road |
Hove |
East Sussex |
BN3 2BB |
Body Rehab Studios Limited (Registered number: 06230821) |
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Balance Sheet |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors: amounts falling due
within one year |
6 |
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Net current liabilities | ( |
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Total assets less current liabilities | ( |
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Provisions for liabilities |
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Net liabilities | ( |
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Capital and reserves |
Called up share capital | 8 |
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Retained earnings | ( |
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Shareholders' funds | ( |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Body Rehab Studios Limited (Registered number: 06230821) |
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Balance Sheet - continued |
30 April 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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Body Rehab Studios Limited (Registered number: 06230821) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
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1. | Statutory information |
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Body Rehab Studios Limited is a
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and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable and |
represents amounts receivable for services rendered, stated net of VAT and discounts. |
When the outcome of a transaction involving the rendering of services can be reliably |
estimated, revenue from the rendering of services is measured by reference to the stage of |
completion of the service transaction at the end of the reporting period. When the outcome |
of a transaction involving the rendering of services cannot be reliably estimated, revenue is |
recognised only to the extent that expenses recognised are recoverable. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and |
accumulated impairment losses. Cost includes costs directly attributable to making the |
asset capable of operating as intended. |
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Depreciation is provided at the following annual rates in order to write off each asset over its |
estimated useful life. |
Fixtures and fittings - 25% reducing balance |
Computer equipment - 33% straight line |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and |
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in |
bringing stock to its present location and condition. Cost is calculated using the first-in, |
first-out formula. Provision is made for damaged, obsolete and slow-moving stock where |
appropriate. |
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Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to |
the contractual provisions of the instrument. Basic financial instruments are initially |
recognised at the transaction price, unless the arrangement constitutes a financing |
transaction, where it is recognised at the present value of the future payments discounted at |
a market rate of interest for a similar debt instrument. |
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Body Rehab Studios Limited (Registered number: 06230821) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and |
Loss Account, except to the extent that it relates to items recognised in other comprehensive |
income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that |
have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences at the reporting date. |
Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other |
future taxable profits. Deferred tax is measured using the tax rates and laws that have been |
enacted or substantively enacted by the reporting date that are expected to apply to the |
reversal of the timing difference. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
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Going concern |
The company meets its day to day working capital requirements through trading cash inflows |
and the continued support of the director. On this basis the director considers it appropriate |
to prepare the financial statements on a going concern basis. These financial statements do |
not include any adjustments that would arise from a deterioration in trading. |
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3. | Employees and directors |
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The average number of employees during the year was
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Body Rehab Studios Limited (Registered number: 06230821) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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4. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 May 2016 |
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Additions |
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At 30 April 2017 |
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Depreciation |
At 1 May 2016 |
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Charge for year |
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At 30 April 2017 |
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Net book value |
At 30 April 2017 |
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At 30 April 2016 |
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5. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Other debtors |
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6. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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7. | Secured debts |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdraft |
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Bank overdrafts are secured against the assets of the company. |
Body Rehab Studios Limited (Registered number: 06230821) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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8. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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9. | Director's advances, credits and guarantees |
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Within creditors is £12,702 (2016 - £30,926) owed to the director. |