Body Ethics Limited 12274116 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Fitness facilities Digita Accounts Production Advanced 6.30.9574.0 true false true 12274116 2023-01-01 2023-12-31 12274116 2023-12-31 12274116 bus:OrdinaryShareClass1 2023-12-31 12274116 core:CurrentFinancialInstruments 2023-12-31 12274116 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12274116 core:CostValuation 2023-12-31 12274116 core:FurnitureFittingsToolsEquipment 2023-12-31 12274116 bus:SmallEntities 2023-01-01 2023-12-31 12274116 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12274116 bus:FullAccounts 2023-01-01 2023-12-31 12274116 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12274116 bus:RegisteredOffice 2023-01-01 2023-12-31 12274116 bus:Director1 2023-01-01 2023-12-31 12274116 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12274116 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12274116 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12274116 countries:England 2023-01-01 2023-12-31 12274116 2022-12-31 12274116 core:CostValuation 2022-12-31 12274116 core:FurnitureFittingsToolsEquipment 2022-12-31 12274116 2022-01-01 2022-12-31 12274116 2022-12-31 12274116 bus:OrdinaryShareClass1 2022-12-31 12274116 core:CurrentFinancialInstruments 2022-12-31 12274116 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12274116 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12274116

Body Ethics Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Body Ethics Limited

(Registration number: 12274116)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

42,600

50,119

Investments

5

100

100

 

42,700

50,219

Current assets

 

Debtors

6

17,522

16,476

Cash at bank and in hand

 

214

245

 

17,736

16,721

Creditors: Amounts falling due within one year

7

(311,557)

(210,534)

Net current liabilities

 

(293,821)

(193,813)

Net liabilities

 

(251,121)

(143,594)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(251,221)

(143,694)

Shareholders' deficit

 

(251,121)

(143,594)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 September 2024
 


Mr S Raymond
Director

   
 

Body Ethics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
68 Wilbury Way
Hitchin
Herfordshire
SG4 0TP

Registration number: 12274116

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis, which assumes the continued financial support of the shareholders and associated companies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

 

Body Ethics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

15% per annum on written down value

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Body Ethics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

75,595

75,595

At 31 December 2023

75,595

75,595

Depreciation

At 1 January 2023

25,476

25,476

Charge for the year

7,519

7,519

At 31 December 2023

32,995

32,995

Carrying amount

At 31 December 2023

42,600

42,600

At 31 December 2022

50,119

50,119

 

Body Ethics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 January 2023

100

At 31 December 2023

100

Carrying amount

At 31 December 2023

100

At 31 December 2022

100

6

Debtors

2023
£

2022
£

Prepayments

2,422

1,376

Other debtors

15,100

15,100

 

17,522

16,476

7

Creditors

2023
£

2022
£

Due within one year

Amounts due to group undertakings

206,353

105,875

Social security and other taxes

1,036

518

Other creditors

104,168

104,141

311,557

210,534

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100