Company Registration No. 10525634 (England and Wales)
Soul Pilates Ltd
Unaudited accounts
for the year ended 31 December 2023
Soul Pilates Ltd
Unaudited accounts
Contents
Soul Pilates Ltd
Company Information
for the year ended 31 December 2023
Company Number
10525634 (England and Wales)
Registered Office
57 Queen Charlotte Street
Bristol
BS1 4HQ
UK
Accountants
Tanya Stratton FMAAT
6 Malmesbury Close
Redland
Bristol
BS6 7TR
Soul Pilates Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
23,121
22,785
Cash at bank and in hand
151,397
70,052
Creditors: amounts falling due within one year
(102,961)
(63,444)
Net current assets
78,753
22,849
Total assets less current liabilities
101,874
45,634
Creditors: amounts falling due after more than one year
(21,389)
(25,278)
Called up share capital
1
1
Profit and loss account
80,484
20,355
Shareholders' funds
80,485
20,356
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
N K Conroy
Director
Company Registration No. 10525634
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2023
Soul Pilates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10525634. The registered office is 57 Queen Charlotte Street, Bristol, BS1 4HQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The director believes that the company has sufficient reserves and the guarantee of the Bounce back loan backed by the Government to enable the company to carry on trading.
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
28,654
10,234
6,879
45,767
Additions
3,417
-
4,035
7,452
Disposals
-
(800)
(731)
(1,531)
At 31 December 2023
32,071
9,434
10,183
51,688
At 1 January 2023
13,698
5,899
3,385
22,982
Charge for the year
4,380
1,064
1,139
6,583
On disposals
-
(537)
(461)
(998)
At 31 December 2023
18,078
6,426
4,063
28,567
At 31 December 2023
13,993
3,008
6,120
23,121
At 31 December 2022
14,956
4,335
3,494
22,785
Amounts falling due within one year
Trade debtors
21,649
10,890
Accrued income and prepayments
4,724
4,177
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,889
3,889
Trade creditors
12,584
9,381
Taxes and social security
31,416
9,995
Other creditors
9,514
7,258
Loans from directors
139
43
Deferred income
27,009
21,066
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
1,944
5,833
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme where pension contributions are paid to NEST. The balance due at the end of the year was £1210.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
(43)
323
418
(138)
10
Average number of employees
During the year the average number of employees was 2 (2022: 1).