Physical Culture Barbell Club Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05932960

Abbreviated Accounts for the Year Ended 31 December 2015

for

Physical Culture Barbell Club Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs P Quinn

REGISTERED OFFICE:

Studioes 21-22 (The Arches)

Winthorpe Road

Putney

London

SW15 2LW

REGISTERED NUMBER:

05932960

ACCOUNTANTS:

Griffin & Associates Limited

Chartered Accountants

312 Uxbridge Road

Rickmansworth

Hertfordshire

WD3 8YL

FIXED ASSETS

Tangible assets

2

59,031

64,040

CURRENT ASSETS

Debtors

10,773

10,710

Cash at bank

28,624

23,169

39,397

33,879

CREDITORS

Amounts falling due within one year

139,502

148,902

NET CURRENT LIABILITIES

(100,105

)

(115,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(41,074

)

(50,983

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(41,174

)

(51,083

)

SHAREHOLDERS' FUNDS

(41,074

)

(50,983

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 September 2016 and were signed by:

Mrs P Quinn - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the director has expressed her intention to

continue providing working capital as required.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents invoiced sales of goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Gym equipment

-

10% on reducing balance

Fixtures,fittings & office equipment

eq

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

94,777

Additions

1,858

At 31 December 2015

96,635

DEPRECIATION

At 1 January 2015

30,737

Charge for year

6,867

At 31 December 2015

37,604

NET BOOK VALUE

At 31 December 2015

59,031

At 31 December 2014

64,040

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

4.	CONTROL OF THE COMPANY

The company was controlled throughout the current period by its director, Mrs P Quinn, by virtue of the fact that she

owned all of the company's issued shares.