BODYBUILDING.COM (UK) LTD

BODYBUILDING.COM (UK) LTD

BODYBUILDING.COM (UK) LTD - Company Information

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BODYBUILDING.COM (UK) LTD

Company Registration Number:
09229758 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

BODYBUILDING.COM (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

BODYBUILDING.COM (UK) LTD

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 76 7,642
Tangible assets: 3 600,835 754,746
Total fixed assets: 600,911 762,388
Current assets
Stocks: 1,560,133 1,599,159
Debtors:   346,633 307,916
Cash at bank and in hand: 283,387 112,570
Total current assets: 2,190,153 2,019,645
Creditors: amounts falling due within one year:   (13,235,590) (11,366,367)
Net current assets (liabilities): (11,045,437) (9,346,722)
Total assets less current liabilities: (10,444,526) (8,584,334)
Total net assets (liabilities): (10,444,526) (8,584,334)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (10,444,536) (8,584,344)
Shareholders funds: (10,444,526) (8,584,334)

The notes form part of these financial statements

BODYBUILDING.COM (UK) LTD

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2019
and signed on behalf of the board by:

Name: Chris Walter Olsen
Status: Director

The notes form part of these financial statements

BODYBUILDING.COM (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue generated through the business’s main trading activity (E-commerce Health Supplements exclusive of VAT. )

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or valuation less depreciation, where cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use. Depreciation is provided at rates calculated to write down the cost of all tangible fixed assets, except land, over their estimated useful lives on a straight line basis. The estimated average life for each major asset category is: 1Freehold buildings - 40 years 1Computers and office equipment - 3 years 1Cars - 7 years 1Plant and machinery - 7 years.

Intangible fixed assets and amortisation policy

Intangible fixed assets are amortized over their estimated useful lives on a straight line basis. The estimated average life for each major asset category is: Internally Developed Software - 3 year Deferred Financing Costs - 4 year

BODYBUILDING.COM (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Intangible Assets

Total
Cost £
At 01 January 2018 78,339
Additions 4,509
At 31 December 2018 82,848
Amortisation
At 01 January 2018 70,697
Charge for year 12,075
At 31 December 2018 82,772
Net book value
At 31 December 2018 76
At 31 December 2017 7,642

BODYBUILDING.COM (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 1,333,242
Additions 78,153
At 31 December 2018 1,411,395
Depreciation
At 01 January 2018 578,496
Charge for year 232,064
At 31 December 2018 810,560
Net book value
At 31 December 2018 600,835
At 31 December 2017 754,746