J'amies Gymnastics Academy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09029054 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

J'amies Gymnastics Academy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Mcgranaghan

Mrs A Mcgranaghan

REGISTERED OFFICE:

Unit A3 Peills Court

Bourne Road

Bromley

BR2 9NS

REGISTERED NUMBER:

09029054 (England and Wales)

ACCOUNTANTS:

Bells Accountants

10a High Street

Chislehurst

Kent

BR7 5AN

FIXED ASSETS

Tangible assets

4

38,048

62,948

CURRENT ASSETS

Stocks

-

3,650

Debtors

5

34,401

-

Cash at bank

49,444

84,707

83,845

88,357

CREDITORS

Amounts falling due within one year

6

121,775

115,140

NET CURRENT LIABILITIES

(37,930

)

(26,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118

36,165

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

116

36,163

SHAREHOLDERS' FUNDS

118

36,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 applicable to companies subject to the small companies regime.

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 27 February 2020 and were signed on its behalf by:

J Mcgranaghan - Director

1.	STATUTORY INFORMATION

J'amies Gymnastics Academy Ltd 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 etc

-

20% on cost

Stocks

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

moving items.

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 31 (2018 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

150,673

Additions

6,544

At 31 May 2019

157,217

DEPRECIATION

At 1 June 2018

87,725

Charge for year

31,444

At 31 May 2019

119,169

NET BOOK VALUE

At 31 May 2019

38,048

At 31 May 2018

62,948

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Other debtors

34,401

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Bank loans and overdrafts

3,653

3,227

Trade creditors

58,464

24,028

Taxation and social security

59,658

49,154

Other creditors

-

38,731

121,775

115,140

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Mcgranaghan.