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REGISTERED NUMBER: 09763640 (England and Wales)















Financial Statements For The Year Ended 31st December 2023

for

The Pilates Space Limited

The Pilates Space Limited (Registered number: 09763640)






Contents of the Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Pilates Space Limited

Company Information
For The Year Ended 31st December 2023







DIRECTORS: Ms A M Horton
Ms B C Tilley





REGISTERED OFFICE: 4 Morland House
Susan Wood
Chislehurst
Kent
BR7 5NG





REGISTERED NUMBER: 09763640 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

The Pilates Space Limited (Registered number: 09763640)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,617 11,208
5,617 11,208

CURRENT ASSETS
Debtors 6 2,000 2,000
Cash at bank 53,645 39,328
55,645 41,328
CREDITORS
Amounts falling due within one year 7 23,277 18,904
NET CURRENT ASSETS 32,368 22,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,985

33,632

CREDITORS
Amounts falling due after more than one
year

8

2,969

4,980
NET ASSETS 35,016 28,652

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,916 28,552
SHAREHOLDERS' FUNDS 35,016 28,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The Pilates Space Limited (Registered number: 09763640)

Balance Sheet - continued
31st December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th September 2024 and were signed on its behalf by:





Ms A M Horton - Director


The Pilates Space Limited (Registered number: 09763640)

Notes to the Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

The Pilates Space Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Pilates Space Limited (Registered number: 09763640)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 10,000
AMORTISATION
At 1st January 2023
and 31st December 2023 10,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 33,993
Additions 1,509
At 31st December 2023 35,502
DEPRECIATION
At 1st January 2023 22,785
Charge for year 7,100
At 31st December 2023 29,885
NET BOOK VALUE
At 31st December 2023 5,617
At 31st December 2022 11,208

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,000 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,031 2,020
Taxation and social security 3,012 1,558
Other creditors 18,234 15,326
23,277 18,904

The Pilates Space Limited (Registered number: 09763640)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,969 4,980