Company Registration No. 4392893 (England and Wales)
Physiques & Shapes Health Club Limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Physiques & Shapes Health Club Limited
Abbreviated Balance Sheet
as at 31 March 2016
Tangible assets
40,888
45,496
Cash at bank and in hand
2,290
4,239
Creditors: amounts falling due within one year
(54,394)
(43,824)
Net current liabilities
(48,617)
(35,990)
Total assets less current liabilities
(7,729)
9,506
Creditors: amounts falling due after more than one year
(209)
(3,190)
Net (liabilities)/assets
(7,938)
6,316
Called up share capital
100
100
Profit and loss account
(8,038)
6,216
Total shareholders' funds
(7,938)
6,316
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 31 December 2016
S R Ferguson
Director
Company Registration No. 4392893
Physiques & Shapes Health Club Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
Fixtures & fittings
10% on reducing balance
Computer equipment
33% on reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Physiques & Shapes Health Club Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
Secured debts included in creditors
2,696
5,117
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
