Company Registration No. 12006596 (England and Wales)
Pretty Fit Studio Ltd
Unaudited accounts
for the year ended 31 May 2024
Pretty Fit Studio Ltd
Unaudited accounts
Contents
Pretty Fit Studio Ltd
Company Information
for the year ended 31 May 2024
Director
Devon Louisa Nelson Baynton
Company Number
12006596 (England and Wales)
Registered Office
1 Testbourne Close
Totton
Southampton
SO40 8BT
England
Accountants
365 Accounts Ltd
44 Brookwood Road
Southampton
Hampshire
SO16 9AJ
Pretty Fit Studio Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
6,600
7,700
Tangible assets
12,308
11,412
Creditors: amounts falling due within one year
(38,014)
(23,111)
Net current liabilities
(36,748)
(22,453)
Total assets less current liabilities
(17,840)
(3,341)
Creditors: amounts falling due after more than one year
(5,985)
(9,272)
Net liabilities
(23,825)
(12,613)
Called up share capital
100
100
Profit and loss account
(23,925)
(12,713)
Shareholders' funds
(23,825)
(12,613)
For the year ending 31 May 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 11 September 2024 and were signed on its behalf by
Devon Louisa Nelson Baynton
Director
Company Registration No. 12006596
Pretty Fit Studio Ltd
Notes to the Accounts
for the year ended 31 May 2024
Pretty Fit Studio Ltd is a private company, limited by shares, registered in England and Wales, registration number 12006596. The registered office is 1 Testbourne Close, Totton , Southampton, SO40 8BT, England.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including goodwill and patents) are included at cost less accumulated amortisation. Intangibles are amortised on a straight line basis over 10 years.
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:
Plant & machinery
25% Reducing Balance Method
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
33.33% Reducing Balance Method
Pretty Fit Studio Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
15,607
4,419
1,245
21,271
At 31 May 2024
19,912
4,419
1,245
25,576
At 1 June 2023
7,481
1,554
824
9,859
Charge for the year
2,839
430
140
3,409
At 31 May 2024
10,320
1,984
964
13,268
At 31 May 2024
9,592
2,435
281
12,308
At 31 May 2023
8,126
2,865
421
11,412
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,949
3,920
Taxes and social security
-
628
Other creditors
30,817
16,500
Loans from directors
-
103
Pretty Fit Studio Ltd
Notes to the Accounts
for the year ended 31 May 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).