Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-31true3true2022-08-01falseThe principal activity of the company is that of provision of sport activities.3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12100061 2022-08-01 2023-07-31 12100061 2021-08-01 2022-07-31 12100061 2023-07-31 12100061 2022-07-31 12100061 c:Director1 2022-08-01 2023-07-31 12100061 c:Director2 2022-08-01 2023-07-31 12100061 c:RegisteredOffice 2022-08-01 2023-07-31 12100061 d:ComputerEquipment 2022-08-01 2023-07-31 12100061 d:ComputerEquipment 2023-07-31 12100061 d:ComputerEquipment 2022-07-31 12100061 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12100061 d:PatentsTrademarksLicencesConcessionsSimilar 2022-08-01 2023-07-31 12100061 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 12100061 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 12100061 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 12100061 d:ComputerSoftware 2022-08-01 2023-07-31 12100061 d:ComputerSoftware 2023-07-31 12100061 d:ComputerSoftware 2022-07-31 12100061 d:CurrentFinancialInstruments 2023-07-31 12100061 d:CurrentFinancialInstruments 2022-07-31 12100061 d:Non-currentFinancialInstruments 2023-07-31 12100061 d:Non-currentFinancialInstruments 2022-07-31 12100061 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12100061 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12100061 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12100061 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 12100061 d:ShareCapital 2023-07-31 12100061 d:ShareCapital 2022-07-31 12100061 d:RetainedEarningsAccumulatedLosses 2023-07-31 12100061 d:RetainedEarningsAccumulatedLosses 2022-07-31 12100061 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 12100061 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 12100061 c:OrdinaryShareClass1 2022-08-01 2023-07-31 12100061 c:OrdinaryShareClass1 2023-07-31 12100061 c:OrdinaryShareClass1 2022-07-31 12100061 c:OrdinaryShareClass2 2022-08-01 2023-07-31 12100061 c:OrdinaryShareClass2 2023-07-31 12100061 c:OrdinaryShareClass2 2022-07-31 12100061 c:FRS102 2022-08-01 2023-07-31 12100061 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12100061 c:FullAccounts 2022-08-01 2023-07-31 12100061 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12100061 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2022-08-01 2023-07-31 12100061 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-08-01 2023-07-31 12100061 d:ExternallyAcquiredIntangibleAssets 2022-08-01 2023-07-31 12100061 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-08-01 2023-07-31 12100061 d:ComputerSoftware d:OwnedIntangibleAssets 2022-08-01 2023-07-31 12100061 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12100061









A BODY FOREVER LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
A BODY FOREVER LIMITED
 
 
COMPANY INFORMATION


Directors
A Brogan 
S Brogan 




Registered number
12100061



Registered office
Eighth Floor
6 New Street Square

New Fetter Lane

London

EC4A 3AQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
A BODY FOREVER LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 10


 
A BODY FOREVER LIMITED
REGISTERED NUMBER: 12100061

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
106,555
140,320

Tangible assets
 5 
804
1,287

  
107,359
141,607

Current assets
  

Stocks
 6 
7,590
7,789

Debtors: amounts falling due within one year
 7 
53
280

Cash at bank and in hand
 8 
1,332
56,101

  
8,975
64,170

Creditors: amounts falling due within one year
 9 
(500,196)
(400,734)

Net current liabilities
  
 
 
(491,221)
 
 
(336,564)

Total assets less current liabilities
  
(383,862)
(194,957)

Creditors: amounts falling due after more than one year
 10 
-
(120,000)

  

Net liabilities
  
(383,862)
(314,957)


Capital and reserves
  

Called up share capital 
 12 
2
2

Profit and loss account
  
(383,864)
(314,959)

  
(383,862)
(314,957)


Page 1

 
A BODY FOREVER LIMITED
REGISTERED NUMBER: 12100061
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Brogan
Director

Date: 30 July 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

A Body Forever Limited is a private company, limited by shares, incorporated in England and Wales with registration number 12100061. The registered office is Eighth Floor, 6 New Street Square, New Fetter Lane, London, EC4A 3AQ.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes the company will continue in operational excistence for the foreseeable future. After reviewing the working capital requirements of the company, the directors have agreed to provide such support to the company as is necessary for it to meet its liabilities for a period of at least twelve months from the date of signing of these financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Video Production
-
5
years
Website
-
5
years

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a market value basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

Page 6

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets




Video Production
Website
Total

£
£
£



Cost


At 1 August 2022
137,508
41,820
179,328


Additions
3,727
3,859
7,586


Disposals
-
(5,952)
(5,952)



At 31 July 2023

141,235
39,727
180,962



Amortisation


At 1 August 2022
31,055
7,953
39,008


Charge for the year on owned assets
27,904
7,495
35,399



At 31 July 2023

58,959
15,448
74,407



Net book value



At 31 July 2023
82,276
24,279
106,555



At 31 July 2022
106,453
33,867
140,320



Page 7

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 August 2022
1,930



At 31 July 2023

1,930



Depreciation


At 1 August 2022
643


Charge for the year on owned assets
483



At 31 July 2023

1,126



Net book value



At 31 July 2023
804



At 31 July 2022
1,287


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
7,590
7,789



7.


Debtors

2023
2022
£
£


Trade debtors
-
68

Other debtors
53
210

Called up share capital not paid
-
2

53
280


Page 8

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,332
56,101



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts due to group undertakings
438,819
305,000

Trade creditors
-
29,135

Other taxation and social security
-
1,699

Other creditors
56,377
55,000

Accruals and deferred income
5,000
9,900

500,196
400,734



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Amounts due to group undertakings
-
120,000



11.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,332
56,101




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 9

 
A BODY FOREVER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1
1
1
1 (2022 - 1) A share of £1
1
1

2

2



13.


Related party transactions

Included within creditors (note 9) is an amount of £56,377 (2022 - £55,000) due to the directors of the company. This amount is unsecured, interest free and repayable on demand.
Included within creditors (note 9) is an amount of £438,819 due to Redan Investments Limited, an associated company. Of this amount, £120,000 (2022 - £120,000, included within creditors falling due after more than one year) is unsecured, interest free and repayable on 17 February 2024. The remaining balance of £318,819 (2022 - £305,000) is unsecured, interest free and repayable on demand.

 
Page 10