Company Registration No. 13236303 (England and Wales)
Bodysmiths Ltd
Unaudited accounts
for the year ended 31 March 2024
Bodysmiths Ltd
Unaudited accounts
Contents
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
Bodysmiths Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
12,972
15,953
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)
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
Bodysmiths Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
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.
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 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.
Bodysmiths Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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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
At 31 March 2024
18,301
1,165
4,920
24,386
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
At 31 March 2024
9,151
583
3,238
12,972
At 31 March 2023
13,726
874
1,353
15,953
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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
Loans from directors
11,290
3,184
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Average number of employees
During the year the average number of employees was 1 (2023: 1).