Registered number
11710814
The Reformer Studio Ltd
Filleted Accounts
31 December 2024
The Reformer Studio Ltd
Registered number: 11710814
Balance Sheet
as at 31 December 2024
Notes 31/12/24 31/5/24
£ £
Fixed assets
Tangible assets 3 293,166 240,774
Current assets
Debtors 4 32,230 14,900
Cash at bank and in hand 126,563 106,202
158,793 121,102
Creditors: amounts falling due within one year 5 (131,416) (65,388)
Net current assets 27,377 55,714
Net assets 320,543 296,488
Capital and reserves
Called up share capital 1,100 1,100
Share premium 228,900 228,900
Profit and loss account 90,543 66,488
Shareholders' funds 320,543 296,488
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr B Smith
Director
Approved by the board on 5 August 2025
The Reformer Studio Ltd
Notes to the Accounts
for the period from 1 June 2024 to 31 December 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:
Fixtures, fittings and equipment 20% Straight line
Gym equipment 20% Straight line
Leasehold improvements Over the life of the lease
Fixtures, fittings, tools and equipment over 5 years
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/24 31/5/24
Number Number
Average number of persons employed by the company 5 4
3 Tangible fixed assets
Fixtures, fittings and equipment Gym equipment Leasehold improvements Total
£ £ £ £
Cost
At 1 June 2024 25,181 135,048 113,002 273,231
Additions 368 32,760 47,117 80,245
At 31 December 2024 25,549 167,808 160,119 353,476
Depreciation
At 1 June 2024 9,980 8,997 13,480 32,457
Charge for the period 2,688 7,924 17,241 27,853
At 31 December 2024 12,668 16,921 30,721 60,310
Net book value
At 31 December 2024 12,881 150,887 129,398 293,166
At 31 May 2024 15,201 126,051 99,522 240,774
4 Debtors 31/12/24 31/5/24
£ £
Other debtors 32,230 14,900
5 Creditors: amounts falling due within one year 31/12/24 31/5/24
£ £
Bank loans and overdrafts 47,221 -
Due to directors 196 543
Taxation and social security costs 4,189 9
Other creditors 79,810 64,836
131,416 65,388
6 Capital commitments 31/12/24 31/5/24
£ £
Amounts contracted for but not provided in the accounts 233,733 160,561
7 Other information
The Reformer Studio Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10a Gordon Road
West Bridgford
Nottingham
NG2 5LN
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