Body Control Pilates Education Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04197113 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BODY CONTROL PILATES EDUCATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs L D Robinson

L Robinson

SECRETARY:

Mrs L D Robinson

REGISTERED OFFICE:

14 - 16 Station Road West

Oxted

Surrey

RH8 9EP

REGISTERED NUMBER:

04197113 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

FIXED ASSETS

Intangible assets

2

-

20,483

Tangible assets

3

25,685

35,665

25,685

56,148

CURRENT ASSETS

Stocks

20,466

11,813

Debtors

97,777

49,962

Cash at bank and in hand

22,736

23,244

140,979

85,019

CREDITORS

Amounts falling due within one year

135,336

108,058

NET CURRENT ASSETS/(LIABILITIES)

5,643

(23,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,328

33,109

CREDITORS

Amounts falling due after more than one year

(79,100

)

(79,100

)

PROVISIONS FOR LIABILITIES

(4,703

)

(6,604

)

NET LIABILITIES

(52,475

)

(52,595

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(52,575

)

(52,695

)

SHAREHOLDERS' FUNDS

(52,475

)

(52,595

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf by:

L Robinson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the year end, a balance of £79,100 (2012 £79,100) was due to the parent company. Due to the continuing

support of the parent company and two of the directors, the directors believe it is appropriate to prepare the

financial statements on the going concern basis, which assumes that the company will continue in operational

existence for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible fixed assets - website costs

Intangible fixed assets are recognised at cost. The depreciation rate is 50% on cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

over term of lease

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

40,966

AMORTISATION

At 1 April 2013

20,483

Amortisation for year

20,483

At 31 March 2014

40,966

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

20,483

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

126,533

DEPRECIATION

At 1 April 2013

90,868

Charge for year

9,980

At 31 March 2014

100,848

NET BOOK VALUE

At 31 March 2014

25,685

At 31 March 2013

35,665

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

10p

100

100

5.	ULTIMATE PARENT COMPANY

Pilates UK Limited is regarded by the directors as being the company's ultimate parent company.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

Mrs L D Robinson

Balance outstanding at start of year

4,875

4,875

Amounts advanced

950

-

Amounts repaid

(45,596

)

-

Balance outstanding at end of year

(39,771

)

4,875