| Prana Yoga Oxford Limited |
| Registered number: |
12122228 |
| Balance Sheet |
| as at 31 July 2020 |
|
| Notes |
|
|
2020 |
|
| £ |
|
| Fixed assets |
| Intangible assets |
3 |
|
|
12,000 |
| Tangible assets |
4 |
|
|
662 |
|
|
|
|
12,662 |
|
|
| Current assets |
| Cash at bank and in hand |
|
|
36,849 |
|
| Creditors: amounts falling due within one year |
5 |
|
(10,236) |
|
| Net current assets |
|
|
|
26,613 |
|
|
| Total assets less current liabilities |
|
|
|
39,275 |
|
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(50,000) |
|
|
|
| Net liabilities |
|
|
|
(10,725) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
| Profit and loss account |
|
|
|
(10,726) |
|
| Shareholder's funds |
|
|
|
(10,725) |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Simone Jones |
| Director |
| Approved by the board on 30 January 2021 |
|
| Prana Yoga Oxford Limited |
| Notes to the Accounts |
| for the period from 25 July 2019 to 31 July 2020 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less cumulative amortisation and any cumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipment, fixtures & fittings |
25% straight line |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Going concern |
|
The company has net liabilities and is therefore dependent upon the continuing support of its creditors and director. On the basis that this support is expected to continue, the accounts have been drawn up on the going concern basis. |
|
| 2 |
Employees |
2020 |
|
| Number |
|
|
|
Average number of persons employed by the company |
1 |
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
Additions |
12,000 |
|
At 31 July 2020 |
12,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 July 2020 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2020 |
12,000 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
Additions |
883 |
|
At 31 July 2020 |
883 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
221 |
|
At 31 July 2020 |
221 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2020 |
662 |
|
|
| 5 |
Creditors: amounts falling due within one year |
2020 |
|
| £ |
|
|
|
Bank loans and overdrafts |
67 |
|
Credit card control account |
10 |
|
Other taxes and social security costs |
2,921 |
|
Other creditors |
7,238 |
|
|
|
|
|
|
10,236 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2020 |
|
| £ |
|
|
|
Other creditors |
50,000 |
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Prana Yoga Oxford Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
85 Walton Street |
|
Oxford |
|
Oxfordshire |
|
OX2 6EA |
