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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
Page
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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
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Core Pilates Studios Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
36,010 
29,578 
Current assets
Debtors
45,835 
47,713 
Cash at bank and in hand
207,177 
91,542 
253,012 
139,255 
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)
Net assets
165,405 
71,756 
Capital and reserves
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
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Core Pilates Studios Ltd Notes to the Accounts for the period from 1 July 2023 to 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Presentation currency
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
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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 
Depreciation
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 
Net book value
At 31 May 2024
33,768 
505 
1,737 
36,010 
At 30 June 2023
23,833 
4,383 
1,362 
29,578 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,132 
11,161 
Other debtors
38,703 
36,552 
45,835 
47,713 
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 
Other creditors
396 
- 
Loans from directors
13,643 
10,331 
Accruals
33,083 
18,286 
111,382 
74,349 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,235 
22,728 
8
Average number of employees
During the period the average number of employees was 4 (2023: 3).
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