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Company Registration No. 13236303 (England and Wales)
Bodysmiths Ltd Unaudited accounts for the year ended 31 March 2024
Bodysmiths Ltd Unaudited accounts Contents
Page
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Bodysmiths Ltd Company Information for the year ended 31 March 2024
Director
Felicity Hamilton-Cox
Company Number
13236303 (England and Wales)
Registered Office
35 Ryecroft Road Petts Wood Orpington BR5 1DR
Accountants
MIB Accountants Limited Kingfisher House 21-23 Elmfield Road Bromley Kent BR1 1LT
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Bodysmiths Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,972 
15,953 
Current assets
Cash at bank and in hand
16,835 
6,251 
Creditors: amounts falling due within one year
(28,349)
(20,986)
Net current liabilities
(11,514)
(14,735)
Net assets
1,458 
1,218 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,457 
1,217 
Shareholders' funds
1,458 
1,218 
For the year ending 31 March 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 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 8 August 2024 and were signed on its behalf by
Felicity Hamilton-Cox Director Company Registration No. 13236303
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Bodysmiths Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bodysmiths Ltd is a private company, limited by shares, registered in England and Wales, registration number 13236303. The registered office is 35 Ryecroft Road, Petts Wood, Orpington, BR5 1DR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Bodysmiths Ltd Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
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.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
18,301 
1,165 
1,804 
21,270 
Additions
- 
- 
3,116 
3,116 
At 31 March 2024
18,301 
1,165 
4,920 
24,386 
Depreciation
At 1 April 2023
4,575 
291 
451 
5,317 
Charge for the year
4,575 
291 
1,231 
6,097 
At 31 March 2024
9,150 
582 
1,682 
11,414 
Net book value
At 31 March 2024
9,151 
583 
3,238 
12,972 
At 31 March 2023
13,726 
874 
1,353 
15,953 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,522 
15,990 
Taxes and social security
3,204 
839 
Other creditors
1,333 
973 
Loans from directors
11,290 
3,184 
28,349 
20,986 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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