Exe Pilates Limited 14094504 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is provision of pilates classes. Digita Accounts Production Advanced 6.30.9574.0 true 14094504 2024-06-01 2025-05-31 14094504 2025-05-31 14094504 core:RetainedEarningsAccumulatedLosses 2025-05-31 14094504 core:ShareCapital 2025-05-31 14094504 core:CurrentFinancialInstruments 2025-05-31 14094504 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 14094504 core:Goodwill 2025-05-31 14094504 core:MotorVehicles 2025-05-31 14094504 core:OtherPropertyPlantEquipment 2025-05-31 14094504 bus:SmallEntities 2024-06-01 2025-05-31 14094504 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 14094504 bus:FilletedAccounts 2024-06-01 2025-05-31 14094504 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14094504 bus:RegisteredOffice 2024-06-01 2025-05-31 14094504 bus:Director1 2024-06-01 2025-05-31 14094504 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14094504 core:Goodwill 2024-06-01 2025-05-31 14094504 core:MotorVehicles 2024-06-01 2025-05-31 14094504 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 14094504 core:Vehicles 2024-06-01 2025-05-31 14094504 countries:EnglandWales 2024-06-01 2025-05-31 14094504 2024-05-31 14094504 core:Goodwill 2024-05-31 14094504 core:MotorVehicles 2024-05-31 14094504 core:OtherPropertyPlantEquipment 2024-05-31 14094504 2023-06-01 2024-05-31 14094504 2024-05-31 14094504 core:RetainedEarningsAccumulatedLosses 2024-05-31 14094504 core:ShareCapital 2024-05-31 14094504 core:CurrentFinancialInstruments 2024-05-31 14094504 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14094504 core:Goodwill 2024-05-31 14094504 core:MotorVehicles 2024-05-31 14094504 core:OtherPropertyPlantEquipment 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14094504

Exe Pilates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2025

 

Exe Pilates Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Exe Pilates Limited

Company Information

Director

J N H Martineau

Registered office

c/o Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Exe Pilates Limited

(Registration number: 14094504)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

4,800

7,200

Tangible assets

5

10,021

672

 

14,821

7,872

Current assets

 

Debtors

6

686

782

Cash at bank and in hand

 

16,730

19,346

 

17,416

20,128

Creditors: Amounts falling due within one year

7

(19,556)

(18,850)

Net current (liabilities)/assets

 

(2,140)

1,278

Net assets

 

12,681

9,150

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,581

9,050

Shareholders' funds

 

12,681

9,150

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 August 2025
 

.........................................
J N H Martineau
Director

 

Exe Pilates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Thompson Jenner LLP
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Exe Pilates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Equipment

20% Straight line method

Motor Vehicles

20% Straight line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Exe Pilates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2024

12,000

12,000

At 31 May 2025

12,000

12,000

Amortisation

At 1 June 2024

4,800

4,800

Amortisation charge

2,400

2,400

At 31 May 2025

7,200

7,200

Carrying amount

At 31 May 2025

4,800

4,800

At 31 May 2024

7,200

7,200

 

Exe Pilates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2024

-

1,000

1,000

Additions

9,000

3,049

12,049

At 31 May 2025

9,000

4,049

13,049

Depreciation

At 1 June 2024

-

418

418

Charge for the year

1,800

810

2,610

At 31 May 2025

1,800

1,228

3,028

Carrying amount

At 31 May 2025

7,200

2,821

10,021

At 31 May 2024

-

672

672

6

Debtors

2025
£

2024
£

Prepayments and accrued income

686

782

Total current trade and other debtors

686

782

7

Creditors

2025
£

2024
£

Due within one year

Taxation and social security

6,756

8,758

Other creditors

9,813

8,591

Accrued expenses

2,987

1,501

19,556

18,850