Registered number
07102078
Bikram Yoga Brighton Limited
Filleted Accounts
31 March 2024
Bikram Yoga Brighton Limited
Registered number: 07102078
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 136,077 136,227
Current assets
Stocks 1,500 2,500
Debtors 4 107 107
Cash at bank and in hand 5,283 4
6,890 2,611
Creditors: amounts falling due within one year 5 (13,565) (13,260)
Net current liabilities (6,675) (10,649)
Total assets less current liabilities 129,402 125,578
Creditors: amounts falling due after more than one year 6 (87,803) (90,200)
Net assets 41,599 35,378
Capital and reserves
Called up share capital 100 100
Profit and loss account 41,499 35,278
Shareholders' funds 41,599 35,378
The director is 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 director acknowledges her 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.
Mrs C Jikiemi-Roberts
Director
Approved by the board on 16 August 2024
Bikram Yoga Brighton Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
Tangible 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:
Office equipment 10% reducing balance
Fixtures and equipment 10%/2.5% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Fixtures and equipment Total
£ £ £
Cost
At 1 April 2023 16,607 188,719 205,326
Additions 419 - 419
At 31 March 2024 17,026 188,719 205,745
Depreciation
At 1 April 2023 14,090 55,009 69,099
Charge for the year 251 318 569
At 31 March 2024 14,341 55,327 69,668
Net book value
At 31 March 2024 2,685 133,392 136,077
At 31 March 2023 2,517 133,710 136,227
4 Debtors 2024 2023
£ £
Other debtors 107 107
107 107
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,181 7,168
Trade creditors 4,357 6,075
Taxation and social security costs 27 17
13,565 13,260
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,388 14,569
Other creditors 75,415 75,631
87,803 90,200
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 14,728 19,037
8 Other information
Bikram Yoga Brighton Limited is a private company limited by shares and incorporated in England. Its registered office is:
26-28 Franklin Road
Portslade
Brighton
Sussex
BN41 1AF
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