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REGISTERED NUMBER: 07548652 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2022

for

BODYME LTD

BODYME LTD (REGISTERED NUMBER: 07548652)

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


BODYME LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: C G Yandell





REGISTERED OFFICE: Unit 2
Rock Hill Estate
Keynsham
Bristol
BS31 1PF





REGISTERED NUMBER: 07548652 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

BODYME LTD (REGISTERED NUMBER: 07548652)

Balance Sheet
31 MARCH 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,800 -
Tangible assets 5 19,091 27,456
20,891 27,456

CURRENT ASSETS
Stocks 6 67,477 78,376
Debtors 7 139,131 94,916
Cash at bank and in hand 30,885 66,167
237,493 239,459
CREDITORS
Amounts falling due within one year 8 (43,865 ) (77,452 )
NET CURRENT ASSETS 193,628 162,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,519

189,463

CREDITORS
Amounts falling due after more than one
year

9

(42,422

)

(46,632

)

PROVISIONS FOR LIABILITIES (4,773 ) (5,216 )
NET ASSETS 167,324 137,615

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 167,224 137,515
SHAREHOLDERS' FUNDS 167,324 137,615

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 director acknowledges his 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.

BODYME LTD (REGISTERED NUMBER: 07548652)

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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 2 September 2022 and were signed by:





C G Yandell - Director


BODYME LTD (REGISTERED NUMBER: 07548652)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2022


1. COMPANY INFORMATION

BodyMe 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The director has a reasonable expectation that despite the adverse effects COVID-19 is having on both the company and the economy as a whole, the company has adequate resources to continue in operational existence for the foreseeable future. The director has reviewed relevant information and has considered possible measures that could be undertaken to mitigate the current adverse conditions. Based on this assessment and the current resources available, the director has concluded that they can continue to adopt the going concern basis in preparing the financial statements..

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated deprecation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter:

Improvements to property-Straight line over 5 years
Plant and machinery -20% on cost
Fixtures and fittings -20% on cost
Motor vehicles -25% on reducing balance
Computer equipment-33% on cost

BODYME LTD (REGISTERED NUMBER: 07548652)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and net realisable value after making due allowance for obsolete & slow moving items. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

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.


BODYME LTD (REGISTERED NUMBER: 07548652)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 1,800
At 31 March 2022 1,800
NET BOOK VALUE
At 31 March 2022 1,800

BODYME LTD (REGISTERED NUMBER: 07548652)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 189 122,166 4,836 3,550 130,741
Additions - - 784 134 918
Disposals (189 ) (3,489 ) (229 ) (749 ) (4,656 )
At 31 March 2022 - 118,677 5,391 2,935 127,003
DEPRECIATION
At 1 April 2021 189 97,287 2,271 3,538 103,285
Charge for year - 6,153 747 48 6,948
Eliminated on disposal (189 ) (1,257 ) (134 ) (741 ) (2,321 )
At 31 March 2022 - 102,183 2,884 2,845 107,912
NET BOOK VALUE
At 31 March 2022 - 16,494 2,507 90 19,091
At 31 March 2021 - 24,879 2,565 12 27,456

6. STOCKS
2022 2021
£    £   
Stocks 67,477 78,376

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 8,236 22,858
Amounts owed by group undertakings 126,676 67,790
Other debtors 40 -
VAT 4,179 -
Prepayments - 4,268
139,131 94,916

BODYME LTD (REGISTERED NUMBER: 07548652)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2022


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 11,047 3,368
Trade creditors 32,864 44,354
Tax (22,520 ) 17,172
Social security and other taxes - 3,068
VAT - 4,214
Other creditors 15,950 227
Directors' current accounts 1,424 1,147
Accruals and deferred income 5,100 3,902
43,865 77,452

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 42,422 46,632

10. LEASING AGREEMENTS

The total value of financial commitments, guarantees and contingencies that are not included in the balance sheet is £34,875 (2021: £48,375).

11. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
90 Ordinary 'A' £1 90 90
5 Ordinary 'B' £1 5 5
5 Ordinary 'C' £1 5 5
100 100