| Brewer Street Yoga Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 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 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. |
|
|
Government Grants |
|
Grants received are credited as income in the profit and loss account as the related expenditure is incurred. |
|
|
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: |
|
|
Leasehold Building Improvements |
Straight Line over 5 years |
|
Equipment |
33.33% Reducing Balance |
|
|
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. |
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Leasehold Building |
|
Equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2025 |
21,139 |
|
946 |
|
22,085 |
|
At 31 March 2026 |
21,139 |
|
946 |
|
22,085 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
21,139 |
|
711 |
|
21,850 |
|
Charge for the year |
- |
|
54 |
|
54 |
|
At 31 March 2026 |
21,139 |
|
765 |
|
21,904 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
- |
|
181 |
|
181 |
|
At 31 March 2025 |
- |
|
235 |
|
235 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Sundry debtors - Trading Loss carried back tax refunds |
|
330 |
|
- |
|
Other debtors |
12,500 |
|
12,500 |
|
|
|
|
|
|
12,830 |
|
12,500 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Unsecured loans |
|
|
|
|
3,000 |
|
21,000 |
|
Director's Loan Account |
|
|
|
|
24 |
|
1,376 |
|
Taxation and social security costs |
3,447 |
|
10,492 |
|
Other Creditors |
925 |
|
1,650 |
|
|
|
|
|
|
7,396 |
|
34,518 |
|
|
|
|
|
|
|
|
|
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The unsecured loans to the company are interest free and repayable on demand. |
|
| 6 |
Related party transactions |
|
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For the purposes of UK Corporation Tax (under S18 of the Corporation Tax Act 2010), the company has 1 associated company (Audio Integer Limited) during the accounting period ended 31 March 2026. |
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| 7 |
Other information |
|
|
Brewer Street Yoga Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
69 Loughborough Road |
|
West Bridgford |
|
Nottingham |
|
NG2 7LA |