Company Registration No. 8938920 (England and Wales)
SW Pilates Limited
Unaudited accounts
for the year ended 31 March 2018
SW Pilates Limited
Unaudited accounts
Contents
SW Pilates Limited
Company Information
for the year ended 31 March 2018
Company Number
8938920 (England and Wales)
Registered Office
14 HIGH ROW
GAINFORD
DARLINGTON
COUNTY DURHAM
DL2 3DN
Accountants
JLA Accounting Limited
9 Flora Avenue
Darlington
DL3 8PF
SW Pilates Limited
Statement of financial position
as at 31 March 2018
Tangible assets
14,311
13,483
Cash at bank and in hand
31,079
18,603
Creditors: amounts falling due within one year
(25,036)
(16,555)
Net current assets
9,043
2,048
Total assets less current liabilities
23,354
15,531
Provisions for liabilities
Deferred tax
(2,862)
(2,696)
Called up share capital
100
100
Profit and loss account
20,392
12,735
Shareholders' funds
20,492
12,835
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 her 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 9 November 2018.
Mrs S Wilkinson
Director
Company Registration No. 8938920
SW Pilates Limited
Notes to the Accounts
for the year ended 31 March 2018
SW Pilates Limited is a private company, limited by shares, registered in England and Wales, registration number 8938920. The registered office is 14 HIGH ROW, GAINFORD, DARLINGTON, COUNTY DURHAM, DL2 3DN.
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.
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
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
SW Pilates Limited
Notes to the Accounts
for the year ended 31 March 2018
4
Tangible fixed assets
Fixtures & fittings
Accrued income and prepayments
3,000
-
6
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
3,291
4,171
Loans from directors
21,025
11,784
7
Transactions with related parties
During the year SW Pilates Limited paid rent to Livesey Properties Limited (a company of which S Wilkinson is also a director and shareholder) of £7,375 (2017: £9,100).
Rent of £4,512 (2017: Nil) was paid from SW Pilates Limited to A Wilkinson and S Wilkinsons' Pension Scheme.
8
Average number of employees
During the year the average number of employees was 1 (2017: 1).