Registered number
08359785
Boomerang Pilates and Fitness Ltd
Filleted Accounts
31 January 2023
Boomerang Pilates and Fitness Ltd
Registered number: 08359785
Statement of financial position
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 273 548
Current assets
Debtors 4 597 1
Cash at bank and in hand 15,736 23,940
16,333 23,941
Creditors: amounts falling due within one year 5 (12,087) (10,880)
Net current assets 4,246 13,061
Total assets less current liabilities 4,519 13,609
Creditors: amounts falling due after more than one year 6 (9,686) (12,857)
Net (liabilities)/assets (5,167) 752
Capital and reserves
Called up share capital 1 1
Profit and loss account (5,168) 751
Shareholder's funds (5,167) 752
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The director's report and statement of income and retained earnings have not been delivered to the Registrar of Companies.
A Kitchen
Director
Approved by the board on 5 October 2023
Boomerang Pilates and Fitness Ltd
Notes to the Financial Statements
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised in the period when the services are provided. Turnover is generated through the provision of fitness services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is not recognised in respect of timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is considered not material.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 6,098
At 31 January 2023 6,098
Depreciation
At 1 February 2022 5,550
Charge for the year 275
At 31 January 2023 5,825
Net book value
At 31 January 2023 273
At 31 January 2022 548
4 Debtors 2023 2022
£ £
Other debtors 597 1
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,965 4,046
Taxation and social security costs - 596
Other creditors 8,122 6,238
12,087 10,880
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,686 12,857
7 Other information
Boomerang Pilates and Fitness Ltd is a private company limited by shares and incorporated in England. Its registered office is:
237-239 Sandycombe Road
Kew
Surrey
TW9 2EW
Boomerang Pilates and Fitness Ltd 08359785 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 A Kitchen No description of principal activity 08359785 2021-02-01 2022-01-31 08359785 core:WithinOneYear 2022-01-31 08359785 core:AfterOneYear 2022-01-31 08359785 core:ShareCapital 2022-01-31 08359785 core:RetainedEarningsAccumulatedLosses 2022-01-31 08359785 2022-02-01 2023-01-31 08359785 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 08359785 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 08359785 bus:Director40 2022-02-01 2023-01-31 08359785 1 2022-02-01 2023-01-31 08359785 2 2022-02-01 2023-01-31 08359785 core:PlantMachinery 2022-02-01 2023-01-31 08359785 countries:England 2022-02-01 2023-01-31 08359785 bus:FRS102 2022-02-01 2023-01-31 08359785 bus:FullAccounts 2022-02-01 2023-01-31 08359785 2023-01-31 08359785 core:WithinOneYear 2023-01-31 08359785 core:AfterOneYear 2023-01-31 08359785 core:ShareCapital 2023-01-31 08359785 core:RetainedEarningsAccumulatedLosses 2023-01-31 08359785 core:PlantMachinery 2023-01-31 08359785 2022-01-31 08359785 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure