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Registered number: SC583714
East Side Yoga Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC583714
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,838 29,946
26,838 29,946
CURRENT ASSETS
Debtors 5 22,636 24,599
Cash at bank and in hand 3,483 6,674
26,119 31,273
Creditors: Amounts Falling Due Within One Year 6 (34,377 ) (40,372 )
NET CURRENT ASSETS (LIABILITIES) (8,258 ) (9,099 )
TOTAL ASSETS LESS CURRENT LIABILITIES 18,580 20,847
Creditors: Amounts Falling Due After More Than One Year 7 (7,100 ) (12,056 )
NET ASSETS 11,480 8,791
CAPITAL AND RESERVES
Called up share capital 8 120 120
Profit and Loss Account 11,360 8,671
SHAREHOLDERS' FUNDS 11,480 8,791
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A A Anderson
Director
27 November 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
East Side Yoga Limited is a private company, limited by shares, incorporated in Scotland, registered number SC583714 . The registered office is 109 Broughton Street, Edinburgh, EH1 3RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Straight Line over 15 years
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 March 2023 42,567 2,154 443 45,164
As at 29 February 2024 42,567 2,154 443 45,164
Depreciation
As at 1 March 2023 13,007 1,951 260 15,218
Provided during the period 2,837 149 122 3,108
As at 29 February 2024 15,844 2,100 382 18,326
Net Book Value
As at 29 February 2024 26,723 54 61 26,838
As at 1 March 2023 29,560 203 183 29,946
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 745 1,813
Prepayments and accrued income 5,581 5,603
Other debtors 40 40
VAT 2,168 176
Other taxes and social security 62 317
Amounts owed by related parties 14,040 16,650
22,636 24,599
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,913 5,356
Bank loans and overdrafts 4,955 4,955
Corporation tax 5,681 3,388
Other creditors 4,934 4,934
Accruals and deferred income 675 675
Director's loan account 13,219 21,064
34,377 40,372
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,100 12,056
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 120 120
9. Related Party Transactions
As at 29 February 2024, the company owed the director Mrs A Anderson £13,219 (2023: £21,064). 
As at 29 February 2024, the Company was owed £14,040 by (2023: £16,650) Fryers Records Limited. The director's husband is the sole shareholder and director of Fryers Records Limited. 
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