Health Two Fitness Limited,Ltd - Accounts

Health Two Fitness Limited,Ltd - Accounts

HEALTH 2 FITNESS LIMITED - Company Information

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2015-04-01 true false Private Limited Company 05328340 2016-03-31 05328340 2015-04-01 2016-03-31 05328340 2015-03-31 05328340 2014-04-01 2015-03-31 05328340 uk-bus:Director1 2015-04-01 2016-03-31 05328340 uk-bus:Director2 2015-04-01 2016-03-31 05328340 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 05328340 uk-gaap:MotorCars 2015-04-01 2016-03-31 05328340 uk-bus:Director1 2016-03-31 05328340 uk-bus:Director2 2016-03-31 iso4217:GBP
Health Two Fitness Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05328340
2
Contents Page
Health Two Fitness Limited
For the year ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Health Two Fitness Limited
As at 31 March 2016
05328340
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
46,079
117
46,079
117
Current assets
Stocks
28,629
124,273
Debtors
41,139
36,112
Cash at bank and in hand
53,943
99,390
214,328
169,158
Creditors: amounts falling due within one year
(127,646)
(181,360)
41,512
32,968
Net current assets
Total assets less current liabilities
79,047
41,629
Creditors: amounts falling due after more than one
year
-
(35,393)
43,654
Net assets
41,629
Capital and reserves
Called up share capital
6
6
Profit and loss account
43,648
41,623
43,654
41,629
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 13 December 2016
H Moore Director
Signed on behalf of the board of directors
James Winfield Director
1 of 3
4
Notes to the Abbreviated Financial Statements
Health Two Fitness Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Motor Vehicles
20% Reducing balance
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
1,502
At 01 April 2015
57,490
Additions
At 31 March 2016
58,992
Depreciation
1,385
At 01 April 2015
11,528
Charge for year
12,913
At 31 March 2016
Net book values
At 31 March 2016
46,079
117
At 31 March 2015
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5
Notes to the Abbreviated Financial Statements
Health Two Fitness Limited
For the year ended 31 March 2016
3 Loan to Directors
At 01/04/2015
Loaned
Repaid
At 31/03/2016
Interest
£
£
£
£
£
Loan to director, payable July 2015
20,000
-
20,000
-
-
Loan to director
-
5,280
-
5,280
-
20,000
5,280
20,000
-
5,280
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