Shapers (Sutton) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08146461 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Shapers (Sutton) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

J M Howarth

L L M Howarth

REGISTERED OFFICE:

30 Bridge Street

Thetford

Norfolk

IP24 3AG

REGISTERED NUMBER:

08146461 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

The Beeches

30 Bridge Street

Thetford

Norfolk

IP24 3AG

BANKERS:

Nat West Bank

1 High Street

Croydon

Surrey

CR9 1PD

FIXED ASSETS

Tangible assets

2

789

1,109

CURRENT ASSETS

Debtors

26,166

21,238

Cash at bank and in hand

24,743

16,161

50,909

37,399

CREDITORS

Amounts falling due within one year

3

31,666

40,303

NET CURRENT ASSETS/(LIABILITIES)

19,243

(2,904

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,032

(1,795

)

CREDITORS

Amounts falling due after more than one year

3

16,910

10,258

NET ASSETS/(LIABILITIES)

3,122

(12,053

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

3,120

(12,055

)

SHAREHOLDERS' FUNDS

3,122

(12,053

)

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 directors acknowledge their 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 Board of Directors on 26 September 2016 and were signed on its behalf by:

J M Howarth - Director

1.	ACCOUNTING POLICIES

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 the net sales of gym related services and membership fees, excluding value added tax.

Income from gym memberships is recognised at the time of receipt from members which are paid monthly or

annually in advance.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

1,508

DEPRECIATION

At 1 January 2015

399

Charge for year

320

At 31 December 2015

719

NET BOOK VALUE

At 31 December 2015

789

At 31 December 2014

1,109

3.

CREDITORS

Creditors include an amount of £ 21,548 (2014 - £ 15,349 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

£

2

Ordinary

£1

2

2

During the period two ordinary shares were issued.

5.	ULTIMATE PARENT COMPANY

Shapers (License) Limited is regarded by the directors as being the company's ultimate parent company.

6.	GOING CONCERN

The financial statements have been prepared on the going concern basis which assumes that the company will

continue as a going concern for the foreseeable future. The validity of this assumption depends on the

directors and related companies continuing to provide adequate financial support by not seeking repayment of

the amounts owed to them. The directors have indicated that they will provide such support and accordingly

they believe it appropriate to prepare the financial statements on the going concern basis.