Company Registration No. 10525634 (England and Wales)
Soul Pilates Ltd
Unaudited accounts
for the year ended 31 December 2020
Soul Pilates Ltd
Unaudited accounts
Contents
Soul Pilates Ltd
Company Information
for the year ended 31 December 2020
Company Number
10525634 (England and Wales)
Registered Office
57 Queen Charlotte Street
Bristol
BS1 4HQ
UK
Accountants
Tanya Stratton
6 Malmesbury Close
Redland
Bristol
BS6 7TR
Soul Pilates Ltd
Statement of financial position
as at 31 December 2020
Tangible assets
28,106
4,336
Cash at bank and in hand
43,963
34,389
Creditors: amounts falling due within one year
(33,667)
(26,283)
Net current assets
16,443
11,032
Total assets less current liabilities
44,549
15,368
Creditors: amounts falling due after more than one year
(30,917)
-
Called up share capital
1
1
Profit and loss account
13,631
15,367
Shareholders' funds
13,632
15,368
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 May 2021 and were signed on its behalf by
N K Conroy
Director
Company Registration No. 10525634
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2020
Soul Pilates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10525634. The registered office is 57 Queen Charlotte Street, Bristol, BS1 4HQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The director believes that the company has sufficient reserves and the guarantee of the Bounce back loan backed by the Government to enable the company to survive the current restrictions caused by the Covid-19 pandemic on trading.
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2020
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
-
3,339
2,012
5,351
Additions
21,074
6,571
4,976
32,621
Disposals
-
-
(1,024)
(1,024)
At 31 December 2020
21,074
9,910
5,964
36,948
At 1 January 2020
-
431
584
1,015
Charge for the year
5,268
2,171
860
8,299
On disposals
-
-
(472)
(472)
At 31 December 2020
5,268
2,602
972
8,842
At 31 December 2020
15,806
7,308
4,992
28,106
At 31 December 2019
-
2,908
1,428
4,336
5
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
315
152
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
4,083
-
Trade creditors
1,228
7,848
Taxes and social security
37
5,600
Loans from directors
12,745
(376)
Deferred income
7,484
6,485
7
Creditors: amounts falling due after more than one year
2020
2019
Soul Pilates Ltd
Notes to the Accounts
for the year ended 31 December 2020
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
376
17,318
30,439
(12,745)
376
17,318
30,439
(12,745)
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).
