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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
Page
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SW Pilates Limited Company Information for the year ended 31 March 2018
Director
Mrs S Wilkinson
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
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SW Pilates Limited Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,311 
13,483 
Current assets
Debtors
3,000 
- 
Cash at bank and in hand
31,079 
18,603 
34,079 
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)
Net assets
20,492 
12,835 
Capital and reserves
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
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SW Pilates Limited Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Pension costs
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.
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SW Pilates Limited Notes to the Accounts for the year ended 31 March 2018
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2017
16,019 
Additions
4,491 
At 31 March 2018
20,510 
Depreciation
At 1 April 2017
2,536 
Charge for the year
3,663 
At 31 March 2018
6,199 
Net book value
At 31 March 2018
14,311 
At 31 March 2017
13,483 
5
Debtors
2018 
2017 
£ 
£ 
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 
Accruals
720 
600 
25,036 
16,555 
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).
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