K_A_FITNESS_LIMITED - Accounts

K A FITNESS LIMITED - Company Information

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Company Registration No. 06186637 (England and Wales)

K A FITNESS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

K A FITNESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

K A FITNESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

57,722

70,433

Current assets

Debtors

460

12,146

Cash at bank and in hand

427

433

887

12,579

Creditors: amounts falling due within one year

(98,738)

(105,741)

Net current liabilities

(97,851)

(93,162)

Total assets less current liabilities

(40,129)

(22,729)

Capital and reserves

Called up share capital

100

Profit and loss account

(40,229)

(22,829)

Shareholders' funds

(40,129)

(22,729)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 1 March 2016

Mr S J Broadley

Director

Company Registration No. 06186637

K A FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 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).

The company remains reliant on the continued financial support of its director, Mr S Broadley. Included within other creditors is an amount of £37,029 owed to the company director as at 31 March 2015 (2014: £47,040), the loan is repayable if and when the company can afford to make the payments.

On this basis, the company accounts have been prepared on a going concern basis.

1.2

Turnover

Turnover represents amounts receivable for in respect of health and fitness services net of VAT.

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:

Land and buildings Leasehold

33.33% straight line

Plant and machinery

15% reducing balance

Fixed assets

Tangible assets

Cost

At 1 April 2014

103,004

Disposals

(7,877)

At 31 March 2015

95,127

Depreciation

At 1 April 2014

32,571

On disposals

(5,352)

Charge for the year

10,186

At 31 March 2015

37,405

Net book value

At 31 March 2015

57,722

At 31 March 2014

70,433

K A FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100