ORWELL_LADIES_FITNESS_LIM - Accounts

ORWELL LADIES FITNESS LIMITED - Company Information

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Company Registration No. 05562078 (England and Wales)

ORWELL LADIES FITNESS LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

ORWELL LADIES FITNESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ORWELL LADIES FITNESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,015

5,618

Current assets

Debtors

34,952

30,508

Cash at bank and in hand

35,030

30,535

Creditors: amounts falling due within one year

(49,545)

(46,015)

Net current liabilities

(14,515)

(15,480)

Total assets less current liabilities

(9,500)

(9,862)

Capital and reserves

Called up share capital

100

Profit and loss account

(9,600)

(9,962)

Shareholders' funds

(9,500)

(9,862)

For the financial period ended 30 September 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 period 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 29 June 2017

Mr A P Phillips

Mrs L J Phillips

Director

Company Registration No. 05562078

ORWELL LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 SEPTEMBER 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).

The company receives ongoing financial support from related parties.

1.2

Turnover

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

1.3

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:

Plant and machinery

25% per annum on net book value

Computer equipment

33% per annum on cost

Fixtures, fittings and equipment

20% per annum on net book value

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 1 November 2015

39,662

Additions

517

At 30 September 2016

40,179

Depreciation

At 1 November 2015

34,044

Charge for the period

1,120

At 30 September 2016

35,164

Net book value

At 30 September 2016

5,015

At 31 October 2015

5,618

ORWELL LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £16,299 (2015 - £16,021).