Registered number
13176493
Heba Pilates Ltd
Filleted Accounts
31 December 2023
Heba Pilates Ltd
Registered number: 13176493
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 65,501 25,272
Tangible assets 4 469,247 712,150
Investments 5 40,001 -
574,749 737,422
Current assets
Stocks 15,000 15,000
Debtors 6 322,239 146,081
Cash at bank and in hand 235,351 49,293
572,590 210,374
Creditors: amounts falling due within one year 7 (721,421) (744,832)
Net current liabilities (148,831) (534,458)
Total assets less current liabilities 425,918 202,964
Creditors: amounts falling due after more than one year 8 (941,453) (626,223)
Net liabilities (515,535) (423,259)
Capital and reserves
Called up share capital 28,248 25,496
Share premium 2,690,976 1,576,504
Profit and loss account (3,234,759) (2,025,259)
Shareholders' funds (515,535) (423,259)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Wuttke
Director
Approved by the board on 2 August 2024
Heba Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Website development (intangible) 5% per annum
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 5
3 Intangible fixed assets £
Website development:
Cost
At 1 January 2023 26,432
Additions 54,018
At 31 December 2023 80,450
Amortisation
At 1 January 2023 1,160
Provided during the year 13,789
At 31 December 2023 14,949
Net book value
At 31 December 2023 65,501
At 31 December 2022 25,272
Website development is being amortised at the rate of 5% per annum.
4 Tangible fixed assets
Leasehold Improvements Plant & Machinery Total
£ £ £
Cost
At 1 January 2023 344,133 574,497 918,630
Additions - (7,416) (7,416)
Disposals - (71,000) (71,000)
At 31 December 2023 344,133 496,081 840,214
Depreciation
At 1 January 2023 74,883 131,597 206,480
Charge for the year 68,827 101,463 170,290
On disposals - (5,803) (5,803)
At 31 December 2023 143,710 227,257 370,967
Net book value
At 31 December 2023 200,423 268,824 469,247
At 31 December 2022 269,250 442,900 712,150
5 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 40,001
At 31 December 2023 40,001
6 Debtors 2023 2022
£ £
Trade debtors 27,063 2,713
Amounts owed by group undertakings and undertakings in which the company has a participating interest 225,334 -
Other debtors 69,842 143,368
322,239 146,081
7 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 171,021 194,909
Taxation and social security costs 7,863 (6,012)
Other creditors 542,537 555,935
721,421 744,832
8 Creditors: amounts falling due after one year 2023 2022
£ £
Loans - 81,771
Other creditors 941,453 544,452
941,453 626,223
9 Related party transactions
At the year end the company owed a net £1,120,500 (2022 £1,080,645) to a Director and companies owned and controlled by the director (M Wuttke).
10 Other information
Heba Pilates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Windsor Marina
Maidenhead Road
Windsor
Berkshire
SL4 5TZ
Heba Pilates Ltd 13176493 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2022 Mr M Wuttke No description of principal activity 13176493 2022-01-01 2022-12-31 13176493 core:WithinOneYear 2022-12-31 13176493 core:AfterOneYear 2022-12-31 13176493 core:ShareCapital 2022-12-31 13176493 core:SharePremium 2022-12-31 13176493 core:RetainedEarningsAccumulatedLosses 2022-12-31 13176493 2023-01-01 2023-12-31 13176493 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13176493 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13176493 bus:Director40 2023-01-01 2023-12-31 13176493 1 2023-01-01 2023-12-31 13176493 2 2023-01-01 2023-12-31 13176493 core:Goodwill 2023-01-01 2023-12-31 13176493 core:PlantMachinery 2023-01-01 2023-12-31 13176493 core:Vehicles 2023-01-01 2023-12-31 13176493 countries:England 2023-01-01 2023-12-31 13176493 bus:FRS102 2023-01-01 2023-12-31 13176493 bus:FullAccounts 2023-01-01 2023-12-31 13176493 2023-12-31 13176493 core:WithinOneYear 2023-12-31 13176493 core:AfterOneYear 2023-12-31 13176493 core:ShareCapital 2023-12-31 13176493 core:SharePremium 2023-12-31 13176493 core:RetainedEarningsAccumulatedLosses 2023-12-31 13176493 core:Goodwill 2023-12-31 13176493 core:PlantMachinery 2023-12-31 13176493 core:Vehicles 2023-12-31 13176493 core:AdditionsToInvestments 2023-12-31 13176493 2022-12-31 13176493 core:Goodwill 2022-12-31 13176493 core:PlantMachinery 2022-12-31 13176493 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure