Abbreviated Company Accounts - GYMOPHOBICS (COLCHESTER) LIMITED
Abbreviated Company Accounts - GYMOPHOBICS (COLCHESTER) LIMITED
Registered Number 06005221
GYMOPHOBICS (COLCHESTER) LIMITED
Abbreviated Accounts
30 April 2015
GYMOPHOBICS (COLCHESTER) LIMITED Registered Number 06005221
Abbreviated Balance Sheet as at 30 April 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
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For the year ending 30 April 2015 the company was entitled to exemption 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
GYMOPHOBICS (COLCHESTER) LIMITED Registered Number 06005221
Notes to the Abbreviated Accounts for the period ended 30 April 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
during the year, exclusive of Value Added Tax and trade discounts.
Tangible assets depreciation policy
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Short-term leasehold property - 25% reducing balance
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Other accounting policies
Despite net current liabilities of £17,882 at the year end date, the directors are confident that the
company is a going concern. Included in current liabilities is an amount of £18,699 owing to the
directors which will not be repaid until the company is in a position to do so.
Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis
over the lease term.
Stocks
Stocks 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.
£ | |
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Cost | |
At 1 May 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2015 |
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Depreciation | |
At 1 May 2014 |
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Charge for the year |
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On disposals |
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At 30 April 2015 |
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Net book values | |
At 30 April 2015 | 9,002 |
At 30 April 2014 | 11,304 |
2015
£ |
2014
£ |
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Debtors include the following amounts due after more than one year |
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