Company Registration No. 09106084 (England and Wales)
Core Pilates Studios Ltd
Unaudited accounts
for the period from 1 July 2023 to 31 May 2024
Core Pilates Studios Ltd
Unaudited accounts
Contents
Core Pilates Studios Ltd
Company Information
for the period from 1 July 2023 to 31 May 2024
Directors
Egil Hagen
Carlo Yanez
Company Number
09106084 (England and Wales)
Registered Office
UNIT 5 BRIDGEMAN HOUSE
1A RADNOR TERRACE
LONDON
W14 8AZ
UNITED KINGDOM
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Core Pilates Studios Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
36,010
29,578
Cash at bank and in hand
207,177
91,542
Creditors: amounts falling due within one year
(111,382)
(74,349)
Net current assets
141,630
64,906
Total assets less current liabilities
177,640
94,484
Creditors: amounts falling due after more than one year
(12,235)
(22,728)
Called up share capital
323
323
Profit and loss account
165,082
71,433
Shareholders' funds
165,405
71,756
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Egil Hagen
Director
Company Registration No. 09106084
Core Pilates Studios Ltd
Notes to the Accounts
for the period from 1 July 2023 to 31 May 2024
Core Pilates Studios Ltd is a private company, limited by shares, registered in England and Wales, registration number 09106084. The registered office is UNIT 5 BRIDGEMAN HOUSE, 1A RADNOR TERRACE, LONDON, W14 8AZ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Core Pilates Studios Ltd
Notes to the Accounts
for the period from 1 July 2023 to 31 May 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
62,408
160,962
5,216
228,586
Additions
17,767
-
1,127
18,894
At 31 May 2024
80,175
160,962
6,343
247,480
At 1 July 2023
38,575
156,579
3,854
199,008
Charge for the period
7,832
3,878
752
12,462
At 31 May 2024
46,407
160,457
4,606
211,470
At 31 May 2024
33,768
505
1,737
36,010
At 30 June 2023
23,833
4,383
1,362
29,578
Amounts falling due within one year
Accrued income and prepayments
7,132
11,161
Other debtors
38,703
36,552
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,204
9,727
Trade creditors
7,197
18,344
Taxes and social security
46,859
17,661
Loans from directors
13,643
10,331
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 4 (2023: 3).