SUFFOLK_LADIES_FITNESS_LI - Accounts

SUFFOLK LADIES FITNESS LIMITED - Company Information

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Company Registration No. 07554244 (England and Wales)

SUFFOLK LADIES FITNESS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

SUFFOLK LADIES FITNESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SUFFOLK LADIES FITNESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

31,521

20,505

Current assets

Debtors

9,058

8,016

Cash at bank and in hand

832

2,881

9,890

10,897

Creditors: amounts falling due within one year

(24,961)

(24,928)

Net current liabilities

(15,071)

(14,031)

Total assets less current liabilities

16,450

6,474

Creditors: amounts falling due after more than one year

(15,147)

(4,868)

1,303

1,606

Capital and reserves

Called up share capital

100

Profit and loss account

1,203

1,506

Shareholders' funds

1,303

1,606

For the financial year ended 31 March 2014 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 23 December 2014

Mr A P Phillips

Director

Company Registration No. 07554244

SUFFOLK LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 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 April 2008).

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 of net book value

Computer equipment

33% per annum on cost

Fixtures, fittings and equipment

20% per annum of net book value

Motor vehicles

25% per annum of net book value

1.4

Leasing

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1.5

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.

SUFFOLK LADIES FITNESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

29,446

Additions

28,547

Disposals

(21,592)

At 31 March 2014

36,401

Depreciation

At 1 April 2013

8,941

On disposals

(5,398)

Charge for the year

1,337

At 31 March 2014

4,880

Net book value

At 31 March 2014

31,521

At 31 March 2013

20,505

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £3,318 (2013 - £4,493).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £15,147 (2013 - £4,868).

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100