Bodymagic Healthcare Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07750065 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

BODYMAGIC HEALTHCARE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

V Storr

M R Storr

REGISTERED OFFICE:

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

07750065 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

4

4,519

6,026

CURRENT ASSETS

Stocks

5

564

266

Debtors

6

19,769

14,946

Cash at bank and in hand

2,670

1,750

23,003

16,962

CREDITORS

Amounts falling due within one year

7

25,530

21,257

NET CURRENT LIABILITIES

(2,527

)

(4,295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,992

1,731

PROVISIONS FOR LIABILITIES

8

859

1,145

NET ASSETS

1,133

586

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

10

1,131

584

SHAREHOLDERS' FUNDS

1,133

586

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 directors acknowledge their 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 Board of Directors on 22 January 2019 and were signed on its behalf by:

M R Storr - Director

V Storr - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 September 2017

and 31 August 2018

12,849

DEPRECIATION

At 1 September 2017

6,823

Charge for year

1,507

At 31 August 2018

8,330

NET BOOK VALUE

At 31 August 2018

4,519

At 31 August 2017

6,026

5.

STOCKS

2018

2017

£

£

Finished goods

564

266

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

3,011

2,387

Other debtors

1,706

1,706

Directors' current accounts

13,416

9,905

Prepayments and accrued income

1,636

948

19,769

14,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

7,750

8,086

Corporation Tax

17,591

12,601

Accruals and deferred income

189

570

25,530

21,257

8.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

859

1,145

Deferred

tax

£

Balance at 1 September 2017

1,145

Deferred tax

(286

)

Balance at 31 August 2018

859

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

2

2

2

10.

RESERVES

Retained

earnings

£

At 1 September 2017

584

Profit for the year

58,347

Dividends

(57,800

)

At 31 August 2018

1,131

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2018 and

31 August 2017:

2018

2017

£

£

M R Storr

Balance outstanding at start of year

3,636

3,471

Amounts advanced

40,403

39,515

Amounts repaid

(37,331

)

(39,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,708

3,636

V Storr

Balance outstanding at start of year

6,269

3,352

Amounts advanced

40,403

42,266

Amounts repaid

(39,964

)

(39,349

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,708

6,269

Interest has been charged on overdrawn the directors' loan balance at 3% per annum.

12.	ULTIMATE CONTROLLING PARTY

No one individual has ultimate control of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bodymagic Healthcare Limited for the year ended 31 August 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Bodymagic Healthcare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bodymagic Healthcare Limited and state those matters that we have agreed to state to the Board of Directors of Bodymagic Healthcare Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bodymagic Healthcare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bodymagic Healthcare Limited. You consider that Bodymagic Healthcare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bodymagic Healthcare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

22 January 2019