Registered Number:01490051 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
BODYWISE LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
BODYWISE LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
695,024
699,024
2
695,024
699,024
166,366
170,673
3
Trade and other receivables |
176,351
211,123
4
816,746
Cash and cash equivalents |
770,944
1,152,740
1,159,463
Trade and other payables: amounts falling due within one |
year |
(80,741)
(59,344)
5
1,078,722
1,093,396
Net current assets
Total assets less current liabilities |
1,788,420
1,777,746
1,788,420
Net assets
1,777,746
100
100
1,788,320
1,777,646
1,788,420
1,777,746
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 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 15 July 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2024
BODYWISE LIMITED
Notes to the Financial Statements
Statutory Information
BODYWISE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 01490051. |
8 ENTERPRISE WAY
SOMERTON
COWES
ISLE OF WIGHT
PO31 8AP
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 as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
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: |
Land and buildings
Plant and machinery
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. |
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2024
BODYWISE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,006,409
483,250
523,159
523,159
483,250
1,006,409
Provision for depreciation and impairment |
307,385
283,385
24,000
Charge for year
4,000
4,000
-
311,385
287,385
24,000
499,159
195,865
695,024
499,159
199,865
699,024
2023
2024
170,673
166,366
4. Trade and other receivables |
2023
2024
138,356
128,153
72,767
48,198
176,351
211,123
5. Trade and other payables: amounts falling due within one year |
2023
2024
5,000
8,000
Taxation and social security |
54,344
72,741
59,344
80,741
6. Average number of persons employed |
During the year the average number of employees was 0 (2023 : 6)
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