Bikram Hot Yoga Chiswick Limited |
Registered Number:08181330 |
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2023
Bikram Hot Yoga Chiswick Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Bikram Hot Yoga Chiswick Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
6,647
12,350
2
6,647
12,350
Trade and other receivables |
4,940
6,863
3
96,896
Cash and cash equivalents |
106,017
112,880
101,836
Trade and other payables: amounts falling due within one |
year |
(51,064)
(74,962)
4
50,772
37,918
Net current assets
Total assets less current liabilities |
44,565
63,122
Trade and other payables: amounts falling due after more |
than one year |
(29,384)
(19,666)
5
24,899
Net assets
33,738
100
100
24,799
33,638
24,899
33,738
Shareholders' funds
For the year ended 31 August 2023 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 23 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 August 2023
Bikram Hot Yoga Chiswick Limited
Notes to the Financial Statements
Statutory Information
Bikram Hot Yoga Chiswick Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08181330. |
The Studio
Essex Place
London
England
W4 5UT
The presentation currency is £ sterling. |
The financial statements have been prepared under the historical cost convention and in accordance with FRS102 |
The Financial Reporting Standard appicable in UK and Replublic of Ireland. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard |
applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as |
applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS |
102 have been applied other than where additional disclosure is required to show a true and fair view. |
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 under the historical cost convention, modified to include the |
revaluation of freehold properties and to include investment properties and certain financial instruments at fair |
value. The principal accounting policies adopted are set out below |
Revenue recognition
Revenue is recognised at the fair value of the consideration received or receivable for goods and services providedin the normal course of business, and is shown net of VAT and other sales related taxes. The fair value ofconsideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is thepresent value of the future receipts. The difference between the fair value of the consideration and the nominalamount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goodshave passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it isprobable that the economic benefits associated with the transaction will flow to the entity and the costs incurred orto be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage ofcompletion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stageof completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates andmaterials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognisedonly to the extent of the expenses recognised that it is probable will be recovered. |
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For the year ended 31 August 2023
Bikram Hot Yoga Chiswick Limited
Notes to the Financial Statements Continued
Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation and any impairment losses. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds andthe carrying value of the asset, and is credited or charged to profit or loss. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over theiruseful lives on the following bases: |
Land and Buildings
Computer Equipment
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred using the accrual model. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a |
straight line basis over the term of the relevant lease except where another more systematic basis is more |
representative of the time pattern in which economic benefits from the leases asset are consumed. |
2. Property, plant and equipment |
113,313
2,076
82,899
28,338
1,879
1,879
-
-
28,338
82,899
3,955
115,192
Provision for depreciation and impairment |
100,963
1,272
75,840
23,851
Charge for year
7,582
1,236
3,512
2,834
108,545
2,508
79,352
26,685
1,653
3,547
1,447
6,647
4,487
7,059
804
12,350
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For the year ended 31 August 2023
Bikram Hot Yoga Chiswick Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
2,044
1,918
4,819
3,022
4,940
6,863
4. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
-
(28)
10,074
10,074
2
-
Taxation and social security |
13,145
11,849
51,741
29,169
74,962
51,064
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
19,666
29,384
Analysis of creditors falling due after more than five years: |
19,666
29,384
6. Guarantees and other financial commitments |
At 31 August 2023 the company had annual commitments under non-cancellable operating leases as set out below: |
2022
2023
Operating leases which expire: |
36,000
-
27,000
144,000
177,000
-
357,000
27,000
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For the year ended 31 August 2023
Bikram Hot Yoga Chiswick Limited
Notes to the Financial Statements Continued
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 3)
5 of 5