IRIS Accounts Production v24.1.0.578 07511705 director 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075117052022-07-31075117052023-07-31075117052022-08-012023-07-31075117052021-07-31075117052021-08-012022-07-31075117052022-07-3107511705ns15:EnglandWales2022-08-012023-07-3107511705ns14:PoundSterling2022-08-012023-07-3107511705ns10:Director12022-08-012023-07-3107511705ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107511705ns10:SmallEntities2022-08-012023-07-3107511705ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107511705ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107511705ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107511705ns10:FullAccounts2022-08-012023-07-3107511705ns10:OrdinaryShareClass12022-08-012023-07-3107511705ns10:RegisteredOffice2022-08-012023-07-3107511705ns5:CurrentFinancialInstruments2023-07-3107511705ns5:CurrentFinancialInstruments2022-07-3107511705ns5:Non-currentFinancialInstruments2023-07-3107511705ns5:Non-currentFinancialInstruments2022-07-3107511705ns5:ShareCapital2023-07-3107511705ns5:ShareCapital2022-07-3107511705ns5:RetainedEarningsAccumulatedLosses2023-07-3107511705ns5:RetainedEarningsAccumulatedLosses2022-07-3107511705ns5:FurnitureFittings2022-08-012023-07-3107511705ns5:ComputerEquipment2022-08-012023-07-3107511705ns5:PlantMachinery2022-07-3107511705ns5:PlantMachinery2022-08-012023-07-3107511705ns5:PlantMachinery2023-07-3107511705ns5:PlantMachinery2022-07-3107511705ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107511705ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3107511705ns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 07511705 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BODYWORKS FITNESS STUDIO LIMITED

BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BODYWORKS FITNESS STUDIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: K Flint





REGISTERED OFFICE: Windover House
St. Ann Street
Salisbury
SP1 2DR





BUSINESS ADDRESS: 15-21 Abbey Square
Amesbury
Salisbury
SP4 7ES





REGISTERED NUMBER: 07511705 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,182 16,479

CURRENT ASSETS
Debtors 5 44,349 37,934
Cash at bank and in hand 81,522 128,942
125,871 166,876
CREDITORS
Amounts falling due within one year 6 67,720 87,859
NET CURRENT ASSETS 58,151 79,017
TOTAL ASSETS LESS CURRENT LIABILITIES 71,333 95,496

CREDITORS
Amounts falling due after more than one
year

7

(29,510

)

(39,798

)

PROVISIONS FOR LIABILITIES (2,505 ) (2,835 )
NET ASSETS 39,318 52,863

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 39,317 52,862
SHAREHOLDERS' FUNDS 39,318 52,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

BALANCE SHEET - continued
31 JULY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 April 2024 and were signed by:





K Flint - Director


BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Bodyworks Fitness Studio Limited 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.

These financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Gym equipment - 20% on reducing balance
Office equipment - 20% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


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.

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 61,460
DEPRECIATION
At 1 August 2022 44,981
Charge for year 3,297
At 31 July 2023 48,278
NET BOOK VALUE
At 31 July 2023 13,182
At 31 July 2022 16,479

BODYWORKS FITNESS STUDIO LIMITED (REGISTERED NUMBER: 07511705)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,635 37,532
Other debtors 1,714 402
44,349 37,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,648 9,473
Trade creditors 354 2,710
Taxation and social security 14,399 24,061
Other creditors 43,319 51,615
67,720 87,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 24,370 34,211
Trade creditors 5,140 5,587
29,510 39,798

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Included in creditors due within one year is £229 (2022 - £710) due to the director of the company.