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REGISTERED NUMBER: 08684636 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 March 2022

for

Pilates Evolved Ltd

Pilates Evolved Ltd (Registered number: 08684636)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pilates Evolved Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs J E Whitbread
Mrs E L N Merkl





REGISTERED OFFICE: Asm House
103a Keymer Road
Hassocks
BN6 8QL





REGISTERED NUMBER: 08684636 (England and Wales)

Pilates Evolved Ltd (Registered number: 08684636)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,906 3,542
Tangible assets 5 6,753 893
9,659 4,435

CURRENT ASSETS
Cash at bank 29,628 19,876

CREDITORS
Amounts falling due within one year 6 19,402 7,826
NET CURRENT ASSETS 10,226 12,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,885

16,485

CREDITORS
Amounts falling due after more than one
year

7

13,250

15,000
NET ASSETS 6,635 1,485

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 6,633 1,483
SHAREHOLDERS' FUNDS 6,635 1,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Pilates Evolved Ltd (Registered number: 08684636)

Balance Sheet - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





Mrs E L N Merkl - Director


Pilates Evolved Ltd (Registered number: 08684636)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Pilates Evolved Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of seventeen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Pilates Evolved Ltd (Registered number: 08684636)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 10,900
AMORTISATION
At 1 April 2021 7,358
Charge for year 636
At 31 March 2022 7,994
NET BOOK VALUE
At 31 March 2022 2,906
At 31 March 2021 3,542

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 4,174
Additions 8,112
At 31 March 2022 12,286
DEPRECIATION
At 1 April 2021 3,281
Charge for year 2,252
At 31 March 2022 5,533
NET BOOK VALUE
At 31 March 2022 6,753
At 31 March 2021 893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade creditors (1 ) (1 )
Taxation and social security 2,226 237
Other creditors 17,177 7,590
19,402 7,826

Pilates Evolved Ltd (Registered number: 08684636)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 13,250 15,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E L N Merkl.