Registered number
04865389
Linda's Yoga Ltd
Filleted Accounts
31 August 2023
Linda's Yoga Ltd
Registered number: 04865389
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1 703
Current assets
Debtors 4 - 21
Cash at bank and in hand 772 581
772 602
Creditors: amounts falling due within one year 5 (14,803) (12,508)
Net current liabilities (14,031) (11,906)
Total assets less current liabilities (14,030) (11,203)
Creditors: amounts falling due after more than one year 6 (1,495) (2,275)
Net liabilities (15,525) (13,478)
Capital and reserves
Called up share capital 1 1
Profit and loss account (15,526) (13,479)
Shareholder's funds (15,525) (13,478)
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.
Mrs L Johnrose
Director
Approved by the board on 4 April 2024
Linda's Yoga Ltd
Notes to the Accounts
for the year ended 31 August 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 3 years
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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 September 2022 4,663
At 31 August 2023 4,663
Depreciation
At 1 September 2022 3,960
Charge for the year 702
At 31 August 2023 4,662
Net book value
At 31 August 2023 1
At 31 August 2022 703
4 Debtors 2023 2022
£ £
Trade debtors - 21
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 780 780
Trade creditors 534 649
Other creditors 13,489 11,079
14,803 12,508
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 1,495 2,275
7 Other information
Linda's Yoga Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Ryefield Avenue
Penwortham
Preston
Lancashire
PR1 9EB
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