THE_PLACE_DANCE_AND_FITNE - Accounts

THE PLACE DANCE AND FITNESS STUDIO LIMITED - Company Information

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Company Registration No. 07616723 (England and Wales)

THE PLACE DANCE AND FITNESS STUDIO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

THE PLACE DANCE AND FITNESS STUDIO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE PLACE DANCE AND FITNESS STUDIO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

523

Current assets

Debtors

Cash at bank and in hand

2,027

1,795

2,029

1,797

Creditors: amounts falling due within one year

(17,427)

(13,858)

Net current liabilities

(15,398)

(12,061)

Total assets less current liabilities

(14,875)

(12,061)

Capital and reserves

Called up share capital

100

Profit and loss account

(14,975)

(12,161)

Shareholders' funds

(14,875)

(12,061)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 17 January 2017

Mr R McLoughlin

Miss V Dent

Director

Company Registration No. 07616723

THE PLACE DANCE AND FITNESS STUDIO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 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 January 2015).

At the year end the company shows a deficiency in assets in the amount of £ 14,875 (2015: £ 12,061). The company meets its day to day working capital requirements via the support of its directors. The directors have given assurances that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the directors consider it appropriate to prepare them on a going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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:

Fixtures, fittings & equipment

20% reducing balance method

Fixed assets

Tangible assets

Cost

At 1 May 2015

Additions

654

At 30 April 2016

654

Depreciation

At 1 May 2015

Charge for the year

131

At 30 April 2016

131

Net book value

At 30 April 2016

523

THE PLACE DANCE AND FITNESS STUDIO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Other transactions

At the year end the company owed the director, Miss V K Dent £ 16,771 (2015:£ 13,061) via her director's current account. Mr R McLoughlin had no balance owing to him at the year end.