Bournemouth Lifecentre Limited Filleted accounts for Companies House (small and micro)

BOURNEMOUTH LIFECENTRE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07701837

Bournemouth Lifecentre Limited

Filleted Unaudited Financial Statements

31 December 2018

Bournemouth Lifecentre Limited

Financial Statements

Year ended 31 December 2018

Contents	Page

Balance sheet	1

Notes to the financial statements	2

Bournemouth Lifecentre Limited

Balance Sheet

31 December 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	5		5,595	7,460

Current assets

Debtors	6	4,089	14,320
Cash at bank and in hand		34,049	11,390
		--------	--------
		38,138	25,710

Creditors: amounts falling due within one year	7	378,521		348,557
		---------		---------
Net current liabilities			340,383	322,847
			---------	---------
Total assets less current liabilities			( 334,788)	( 315,387)
			---------	---------
Net liabilities			( 334,788)	( 315,387)
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 334,888)	( 315,487)
	---------	---------
Shareholders deficit	( 334,788)	( 315,387)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2018 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 financial statements were approved by the board of directors and authorised for issue on 17 September 2019 , and are signed on behalf of the board by:

Mr R S Hurley

Director

Company registration number: 07701837

Bournemouth Lifecentre Limited

Notes to the Financial Statements

Year ended 31 December 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 711-715 Wimborne Road, Moordown, Bournemouth, Dorset, BH9 2AU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Pension costs

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the Statement of Income and Retained Earnings when due.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2017: 4 ).

5. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2018 and 31 December 2018	25,060	3,482	28,542
	--------	-------	--------
Depreciation
At 1 January 2018	17,600	3,482	21,082
Charge for the year	1,865	–	1,865
	--------	-------	--------
At 31 December 2018	19,465	3,482	22,947
	--------	-------	--------
Carrying amount
At 31 December 2018	5,595	–	5,595
	--------	-------	--------
At 31 December 2017	7,460	–	7,460
	--------	-------	--------

6. Debtors

	2018	2017
	£	£
Trade debtors	4,089	11,030
Other debtors	–	3,290
	-------	--------
	4,089	14,320
	-------	--------

7. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	9,378	840
Amounts owed to group undertakings and undertakings in which the company has a participating interest	364,430	340,241
Social security and other taxes	3,953	6,476
Other creditors	760	1,000
	---------	---------
	378,521	348,557
	---------	---------

8. Related party transactions

Information about related party transactions and outstanding balances is outlined below:

	2018	2017
	£	£
Balance owed to group company	364,430	340,241