Bodylines Pilates & Fitness Limited |
Registered Number:04653190 |
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2024
Bodylines Pilates & Fitness Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Bodylines Pilates & Fitness Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
7,355
9,627
2
7,355
9,627
Trade and other receivables |
6,386
5,421
3
4,325
Cash and cash equivalents |
2,641
8,062
10,711
Trade and other payables: amounts falling due within one |
year |
(11,564)
(6,369)
4
(853)
1,693
Net current assets
Total assets less current liabilities |
9,048
8,774
(1,397)
(1,829)
Provisions for liabilities |
7,651
Net assets
6,945
1
1
7,650
6,944
7,651
6,945
Shareholders' funds
For the year ended 31 January 2024 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 of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 12 August 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2024
Bodylines Pilates & Fitness Limited
Notes to the Financial Statements
Statutory Information
Bodylines Pilates & Fitness Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04653190. |
22 Percy Drive
Bricket Wood
Hertfordshire
AL2 3FU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
Equity instruments issued by the company are recorded at t the proceeds received. Dividends payable on equity |
instruments are recognised as liabilities once they are no longer at the discretion of the company. |
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For the year ended 31 January 2024
Bodylines Pilates & Fitness Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
33,154
180
33,334
Provision for depreciation and impairment |
23,527
Charge for year
2,452
25,979
7,355
9,627
3. Trade and other receivables |
2023
2024
Prepayments and accrued income |
1,951
3,236
Amounts owed by directors |
320
-
3,150
3,150
6,386
5,421
4. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
5,038
4,488
Accruals and deferred income |
1,331
1,416
-
5,660
6,369
11,564
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For the year ended 31 January 2024
Bodylines Pilates & Fitness Limited
Notes to the Financial Statements Continued
5. Directors advances and guarantees |
Loaned
Repaid
D M Milstone
Director's Loan Account
320
-
1,823
1,502
320
-
1,823
1,502
The director's overdrawn loan account was unsecured and repayable on demand. No interest was charged.
6. Guarantees and other financial commitments |
At 31 January 2024 the company had annual commitments under non-cancellable operating leases as set out |
below: |
2023
2024
Operating leases which expire: |
1,877
4,722
1,877
4,722
7. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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