ORWELL_LADIES_FITNESS_LIM - Accounts

ORWELL LADIES FITNESS LIMITED - Company Information

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Company Registration No. 05562078 (England and Wales)

ORWELL LADIES FITNESS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

ORWELL LADIES FITNESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ORWELL LADIES FITNESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

4,802

6,116

Current assets

Debtors

23,985

21,927

Cash at bank and in hand

739

244

24,724

22,171

Creditors: amounts falling due within one year

(39,321)

(39,014)

Net current liabilities

(14,597)

(16,843)

Total assets less current liabilities

(9,795)

(10,727)

Capital and reserves

Called up share capital

100

Profit and loss account

(9,895)

(10,827)

Shareholders' funds

(9,795)

(10,727)

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 July 2015

Mr A P Phillips

Mrs L J Phillips

Director

Company Registration No. 05562078

ORWELL LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT 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 less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum on net book value

Computer equipment

33% per annum on cost

Fixtures, fittings and equipment

20% per annum on net book value

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 1 November 2013 and at 31 October 2014

38,588

Depreciation

At 1 November 2013

32,472

Charge for the year

1,314

At 31 October 2014

33,786

Net book value

At 31 October 2014

4,802

At 31 October 2013

6,116

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to Nil (2013 - £3,080).

ORWELL LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100