Company Registration No. 07665333 (England and Wales)
Spring Gymnastics Ltd
Unaudited accounts
for the year ended 31 August 2017
Spring Gymnastics Ltd
Unaudited accounts
Contents
Spring Gymnastics Ltd
Company Information
for the year ended 31 August 2017
Directors
Heidi Palmer
Paul Sprong
Company Number
07665333 (England and Wales)
Registered Office
Winferling Barn
Mile Road
Winfarthing
Diss
IP22 2EZ
Spring Gymnastics Ltd
Statement of financial position
as at 31 August 2017
Tangible assets
41,098
16,313
Cash at bank and in hand
1,561
559
Creditors: amounts falling due within one year
(28,776)
(9,162)
Net current liabilities
(17,608)
(1,505)
Total assets less current liabilities
23,490
14,808
Creditors: amounts falling due after more than one year
(30,000)
-
Net (liabilities)/assets
(6,510)
14,808
Called up share capital
4
4
Profit and loss account
(6,514)
14,804
Shareholders' funds
(6,510)
14,808
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 March 2018.
Heidi Palmer
Director
Company Registration No. 07665333
Spring Gymnastics Ltd
Notes to the Accounts
for the year ended 31 August 2017
Spring Gymnastics Ltd is a private company, limited by shares, registered in England and Wales, registration number 07665333. The registered office is Winferling Barn, Mile Road, Winfarthing, Diss, IP22 2EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Spring Gymnastics Ltd
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Plant & machinery
At 1 September 2016
27,616
At 1 September 2016
11,303
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
19,218
2,173
Taxes and social security
1,292
4,062
Loans from directors
2,257
1,627
8
Creditors: amounts falling due after more than one year
2017
2016
9
Transactions with related parties
Mrs Rebecca Gates FCCA is the appointed accountant trading under Gates Accountancy & Business Services Limited. She is also a self employed gymnastics coach for Spring Gymnastics Limited.
Spring Gymnastics Ltd
Notes to the Accounts
for the year ended 31 August 2017
10
Average number of employees
During the year the average number of employees was 4 (2016: 2).