Bodywise Pilates Limited
Bodywise Pilates Limited
Registered number: 07388741
Unaudited Financial Statements
For The Year Ended 31 December 2018
M J Kerley
The Loose Boxes
Phillips Lane
Stratford-sub-Castle
Wiltshire
SP1 3YR
Bodywise Pilates Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—5 |
Bodywise Pilates Limited
Statement of Financial Position
As at
31 December 2018
Statement of Financial Position
Registered number:
07388741
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | (35,135) | (28,613) | |||
Page 1
Bodywise Pilates Limited
Statement of Financial Position (continued)
As at
31 December 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Bodywise Pilates Limited
Notes to the Financial Statements
For The Year Ended 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was 6 (2017: 6).
Page 3
Bodywise Pilates Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
3.
Tangible Assets
| Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total | |
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| Cost | ||||
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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4.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| Other taxes and social security | - |
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| Directors' loan accounts | 1,767 | - | |
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5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| VAT |
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| Net wages | 2,566 | 2,518 | |
| Other creditors: Loans |
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| Accrued expenses and deferred income |
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| Directors' loan accounts | - |
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Page 4
Bodywise Pilates Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
7.
Directors Advances, Credits and Guarantees
Included within Debtors is an amount of £1,767 owed by the directors, Mr P Hausemer and Ms Leila Coppock. This amount has been repaid since the year end.
The above loan is unsecured, interest free and repayable on demand.
8.
Related Party Transactions
Included within other creditors as at 31 December 2018 is an amount of £18,685 (2017: £8,685) owed to Serenity Estates Ltd. The directors Mr R Coppock, Ms L Coppock and Mr P Hausemer are also directors of Serenity Estates Ltd.
Included within other creditors as at 31 December 2018 is an amount of £3,360 (2017: £3,360) owed to Bodywise Pilates Teacher Training Ltd. The directors Mr R Coppock, Ms L Coppock and Mr P Hausemer are also directors of Bodywise Pilates Teacher Training Ltd.
9.
General Information
Bodywise Pilates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07388741 . The registered office is Volpoint House, Blakey Road, Salisbury, Wiltshire, SP1 2JG.
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