Bodyskill Limited - Period Ending 2017-03-31

Registration number: 05476438

Bodyskill Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2017

Farrar Smith
Chartered Accountants
2 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE

Bodyskill Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 3

Bodyskill Limited

(Registration number: 05476438)
Balance Sheet as at 31 March 2017

	Note	2017 £		2016 £
Fixed assets
Tangible assets	3		682		1,089
Current assets
Debtors	4	640		-
Creditors: Amounts falling due within one year	5	(659)		(695)
Net current liabilities			(19)		(695)
Net assets			663		394
Capital and reserves
Called up share capital		1		1
Profit and loss account		662		393
Total equity			663		394

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 15 November 2017
 

.........................................

Mr Richard Lee Chessman

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

Bodyskill Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a incorporated in England and Wales.

The address of its registered office is:
2 Woodside Mews
Clayton Wood Close
Leeds
West Yorkshire
LS16 6QE
United Kingdom

These financial statements were authorised for issue by the director on 15 November 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on the reducing balance

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Page 2

Bodyskill Limited

Notes to the Financial Statements for the Year Ended 31 March 2017

3	Tangible assets

	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2016	5,545	5,545
At 31 March 2017	5,545	5,545
Depreciation
At 1 April 2016	4,456	4,456
Charge for the year	407	407
At 31 March 2017	4,863	4,863
Carrying amount
At 31 March 2017	682	682
At 31 March 2016	1,089	1,089

4

Debtors

	2017 £	2016 £
Other debtors	640	-
Total current trade and other debtors	640	-

5

Creditors

	Note	2017 £	2016 £
Due within one year
Taxation and social security		419	310
Other creditors		240	385
		659	695

6	Transition to FRS 102

The policies applied under the Company's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 3