Wiltshire Gymnastics Limited
Wiltshire Gymnastics Limited
Registered number: 02810447
Unaudited Financial Statements
For The Year Ended 30 November 2019
Chippendale and Clark
Wiltshire Gymnastics Limited
Unaudited Financial Statements
For The Year Ended 30 November 2019
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Wiltshire Gymnastics Limited
Balance Sheet
As at
30 November 2019
Balance Sheet
Registered number:
02810447
For the year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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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 | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 34,563 | 27,251 | |||
Page 1
Wiltshire Gymnastics Limited
Balance Sheet (continued)
As at
30 November 2019
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 Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Wiltshire Gymnastics Limited
Notes to the Financial Statements
For The Year Ended 30 November 2019
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 Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
| Plant & Machinery |
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| Fixtures & Fittings |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2019 | 2018 | ||
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| Office and administration |
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3.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | 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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Page 3
Wiltshire Gymnastics Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2019
4.
Stocks
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - materials and work in progress | 4,541 | 4,488 | |
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5.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts owed by group undertakings |
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6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| Trade creditors |
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| Other taxes and social security |
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| VAT |
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| Accruals and deferred income |
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| Amounts owed to group undertakings |
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8.
General Information
Wiltshire Gymnastics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02810447 . The registered office is Wiltshire School Of Gymnastics Lysander Road, Bowerhill, Melksham, Wiltshire, SN12 6SP.
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