Pilates Works 4 U Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07729669 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

Pilates Works 4 U Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J A Pooley

REGISTERED OFFICE:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

REGISTERED NUMBER:

07729669 (England and Wales)

ACCOUNTANTS:

Aaron Clarke Accountants

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

3

7,598

9,438

CURRENT ASSETS

Debtors

4

7,360

8,204

Cash at bank and in hand

6,103

5,865

13,463

14,069

CREDITORS

Amounts falling due within one year

5

11,550

11,579

NET CURRENT ASSETS

1,913

2,490

TOTAL ASSETS LESS CURRENT LIABILITIES

9,511

11,928

CREDITORS

Amounts falling due after more than one year

6

8,888

11,534

NET ASSETS

623

394

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

622

393

SHAREHOLDERS' FUNDS

623

394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 March 2019 and were signed by:

Mrs J A Pooley - Director

1.	STATUTORY INFORMATION

Pilates Works 4 U Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

15,441

Additions

543

At 31 August 2018

15,984

DEPRECIATION

At 1 September 2017

6,003

Charge for year

2,383

At 31 August 2018

8,386

NET BOOK VALUE

At 31 August 2018

7,598

At 31 August 2017

9,438

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Other debtors

7,360

8,204

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

2,635

3,577

Taxation and social security

4,388

3,686

Other creditors

4,527

4,316

11,550

11,579

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Other creditors

8,888

11,534

7.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A Pooley.