IRIS Accounts Production v23.3.1.45 SC506978 Board of Directors Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary Non-Voting 1.00000 Ordinary Voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5069782022-05-31SC5069782023-05-31SC5069782022-06-012023-05-31SC5069782021-05-31SC5069782021-06-012022-05-31SC5069782022-05-31SC506978ns10:Originalns15:Scotland2022-06-012023-05-31SC506978ns14:PoundSterlingns10:Original2022-06-012023-05-31SC506978ns10:Originalns10:Director12022-06-012023-05-31SC506978ns10:Original2022-06-012023-05-31SC506978ns10:Originalns10:Director22022-06-012023-05-31SC506978ns10:Originalns10:Director32022-06-012023-05-31SC506978ns10:Original2023-05-31SC506978ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC506978ns10:Originalns10:SmallEntities2022-06-012023-05-31SC506978ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC506978ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC506978ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC506978ns10:Originalns10:FullAccounts2022-06-012023-05-31SC506978ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-31SC506978ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-31SC506978ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC506978ns10:Original2022-05-31SC506978ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC506978ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC506978ns5:ShareCapitalns10:Original2023-05-31SC506978ns5:ShareCapitalns10:Original2022-05-31SC506978ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC506978ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC506978ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-31SC506978ns10:Originalns5:FurnitureFittings2022-06-012023-05-31SC506978ns10:Original2021-06-012022-05-31SC506978ns10:Originalns5:LeaseholdImprovements2022-05-31SC506978ns10:Originalns5:FurnitureFittings2022-05-31SC506978ns10:Original2022-05-31SC506978ns10:Originalns5:LeaseholdImprovements2023-05-31SC506978ns10:Originalns5:FurnitureFittings2023-05-31SC506978ns10:Originalns5:LeaseholdImprovements2022-05-31SC506978ns10:Originalns5:FurnitureFittings2022-05-31SC506978ns10:Originalns10:OrdinaryShareClass12023-05-31SC506978ns10:Originalns10:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: SC506978 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

INVERTED: CIRCUS AND POLE FITNESS
LIMITED

INVERTED: CIRCUS AND POLE FITNESS
LIMITED (REGISTERED NUMBER: SC506978)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INVERTED: CIRCUS AND POLE FITNESS
LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Miss E Liontou
T S Robertson
Miss E R S Zachmann





REGISTERED OFFICE: 15 James Street
Aberdeen
AB11 5AP





REGISTERED NUMBER: SC506978 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

INVERTED: CIRCUS AND POLE FITNESS
LIMITED (REGISTERED NUMBER: SC506978)

Balance Sheet
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
CURRENT ASSETS
Debtors 5 2,730 3,412
Cash at bank and in hand 18,727 12,362
21,457 15,774
CREDITORS
Amounts falling due within one year 6 6,360 11,066
NET CURRENT ASSETS 15,097 4,708
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,097

4,708

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 14,997 4,608
SHAREHOLDERS' FUNDS 15,097 4,708

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:



Miss E Liontou - Director T S Robertson - Director



Miss E R S Zachmann - Director


INVERTED: CIRCUS AND POLE FITNESS
LIMITED (REGISTERED NUMBER: SC506978)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Inverted: Circus And Pole Fitness Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
Although the company is technically insolvent it is being supported by the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on cost

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

INVERTED: CIRCUS AND POLE FITNESS
LIMITED (REGISTERED NUMBER: SC506978)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 8,188 5,159 13,347
DEPRECIATION
At 1 June 2022
and 31 May 2023 8,188 5,159 13,347
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 2,730 3,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1,512 5,459
Tax 2,533 947
Directors' current accounts 1,385 2,860
Accrued expenses 930 1,800
6,360 11,066

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
22 Ordinary Non-Voting 1 22 22
78 Ordinary Voting 1 78 78
100 100