Abbreviated Company Accounts - GYMOPHOBICS (HULL) LIMITED

GYMOPHOBICS (HULL) LIMITED - Company Information

06078326 GYMOPHOBICS (HULL) LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 06078326 2015-01-01 2015-12-31 06078326 2015-12-31 06078326 2014-12-31 06078326 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 06078326 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 06078326

GYMOPHOBICS (HULL) LIMITED

Abbreviated Accounts

31 December 2015

GYMOPHOBICS (HULL) LIMITED Registered Number 06078326

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	494	2,003
		494	2,003
Current assets
Stocks		7,600	7,200
Debtors		3,079	344
Cash at bank and in hand		9,731	8,570
		20,410	16,114
Creditors: amounts falling due within one year		(14,956)	(12,877)
Net current assets (liabilities)		5,454	3,237
Total assets less current liabilities		5,948	5,240
Provisions for liabilities		(99)	(214)
Total net assets (liabilities)		5,849	5,026
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		5,749	4,926
Shareholders' funds		5,849	5,026

For the year ending 31 December 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 17 February 2016

And signed on their behalf by:
S J Evans, Director

GYMOPHOBICS (HULL) LIMITED Registered Number 06078326

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts received and receivable for goods and services supplied to customers
during the year, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided in equal amounts each year in order to write off the cost of fixed assets
over their anticipated useful lives. The annual rate used is:-
Plant & machinery 20% on straight line basis

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between
the treatment of certain items for taxation and accounting purposes. In general, deferred taxation
is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date. However, deferred tax assets are recognised only to the extent that the directors
consider that it is more likely than not that they will be recovered against the reversal of deferred tax
liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at
the average tax rates that would apply when the timing differences are expected to reverse, based on
tax rates and laws that have been enacted by the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 January 2015	26,862
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	26,862
Depreciation
At 1 January 2015	24,859
Charge for the year	1,509
On disposals	-
At 31 December 2015	26,368
Net book values
At 31 December 2015	494
At 31 December 2014	2,003

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £100 each	100	100