Registered number
12118996
Brewer Street Yoga Ltd
Filleted Accounts
31 March 2023
Brewer Street Yoga Ltd
Registered number: 12118996
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 4,629 8,986
Current assets
Debtors 5 12,775 12,535
Cash at bank and in hand 28,684 31,029
41,459 43,564
Creditors: amounts falling due within one year 6 (45,977) (47,861)
Net current liabilities (4,518) (4,297)
Net assets 111 4,689
Capital and reserves
Called up share capital 100 100
Profit and loss account 11 4,589
Shareholder's funds 111 4,689
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 his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Matthew Gough
Director
Approved by the board on 13 September 2023
Brewer Street Yoga Ltd
Notes to the Accounts
for the year ended 31 March 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government Grants
Grants received are credited as income in the profit and loss account as the related expenditure is incurred.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold Building Improvements Straight Line over 5 years
Equipment 33.33% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Other Operating Income 2023 2022
£ £
Local Authority Covid Grants - 12,000
- 12,000
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Leasehold Building Equipment Total
£ £ £
Cost
At 1 April 2022 21,139 946 22,085
At 31 March 2023 21,139 946 22,085
Depreciation
At 1 April 2022 12,684 415 13,099
Charge for the year 4,228 129 4,357
At 31 March 2023 16,912 544 17,456
Net book value
At 31 March 2023 4,227 402 4,629
At 31 March 2022 8,455 531 8,986
5 Debtors 2023 2022
£ £
Trade debtors 275 35
Other debtors 12,500 12,500
12,775 12,535
6 Creditors: amounts falling due within one year 2023 2022
£ £
Unsecured loans 45,000 45,000
Director's Loan Account (56) 136
Taxation and social security costs 89 1,818
Other Creditors 944 907
45,977 47,861
The unsecured loans to the company are interest free and repayable on demand.
7 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
Matthew Gough
Loan to director - 1,536 (1,480) 56
- 1,536 (1,480) 56
8 Other information
Brewer Street Yoga Ltd is a private company limited by shares and incorporated in England. Its registered office is:
69 Loughborough Road
West Bridgford
Nottingham
NG2 7LA
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