Registered number
05214463
Body Potential Ltd
Filleted Accounts
for the year ended 31 August 2024
Body Potential Ltd
Registered number: 05214463
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 293 366
Current assets
Cash at bank and in hand 9,666 5,999
Creditors: amounts falling due within one year 4 (8,846) (5,560)
Net current assets 820 439
Net assets 1,113 805
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,112 804
Shareholder's funds 1,113 805
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.
Mrs Sonia Forde
Director
Approved by the board on 19 May 2025
Body Potential Ltd
Notes to the Accounts
for the year ended 31 August 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. Turnover includes revenue earned from the 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.
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:
Fixtures, fittings, tools and equipment 20% reducing balances
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 10,607
At 31 August 2024 10,607
Depreciation
At 1 September 2023 10,241
Charge for the year 73
At 31 August 2024 10,314
Net book value
At 31 August 2024 293
At 31 August 2023 366
4 Creditors: amounts falling due within one year 2024 2023
£ £
HSBC Account-Credit Card 7962 65 161
Pension Scheme 34 34
Taxation and social security costs 3,826 4,212
Other creditors 4,921 1,153
8,846 5,560
5 Other information
Body Potential Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Balham High Road
Balham
London
SW12 9AL
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