Registered number
08907584
Body Conscious Ltd
Unaudited Filleted Accounts
31 October 2024
Body Conscious Ltd
Registered number: 08907584
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,686 1,994
Current assets
Stocks 10,867 1,497
Debtors 5 15,985 12,781
Cash at bank and in hand 26,886 44,717
53,738 58,995
Creditors: amounts falling due within one year 6 (13,496) (12,094)
Net current assets 40,242 46,901
Net assets 44,928 48,895
Capital and reserves
Called up share capital 1 1
Profit and loss account 44,927 48,894
Shareholder's funds 44,928 48,895
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 member has 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.
C Price
Director
Approved by the board on 22 April 2025
Body Conscious Ltd
Notes to the Accounts
for the year ended 31 October 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:
Improvements to Leasehold Property 15% straight line
Fixtures, fittings, tools and equipment 20% straight line
Computer Equipment 33% straight line
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 20,000
At 31 October 2024 20,000
Amortisation
At 1 November 2023 20,000
At 31 October 2024 20,000
Net book value
At 31 October 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Improvements to property Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
At 1 November 2023 3,500 4,950 639 9,089
Additions - 3,662 579 4,241
At 31 October 2024 3,500 8,612 1,218 13,330
Depreciation
At 1 November 2023 2,625 4,293 177 7,095
Charge for the year 525 779 245 1,549
At 31 October 2024 3,150 5,072 422 8,644
Net book value
At 31 October 2024 350 3,540 796 4,686
At 31 October 2023 875 657 462 1,994
5 Debtors 2024 2023
£ £
Other debtors 15,985 12,781
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 12,376 10,975
Other creditors 1,120 1,119
13,496 12,094
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs C Price
Loan 1 11,160 44,112 (39,682) 15,590
11,160 44,112 (39,682) 15,590
8 Other information
Body Conscious Ltd is a private company limited by shares and incorporated in England. Its registered office is:
300 St Marys Road
Garston
Liverpool
Merseyside
L19 0NQ
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