Shapers (Croydon) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06284761 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Shapers (Croydon) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

J M Howarth

L L M Howarth

SECRETARY:

L L M Howarth

REGISTERED OFFICE:

The Beeches

30 Bridge Street

Thetford

Norfolk

IP24 3AG

REGISTERED NUMBER:

06284761 (England and Wales)

ACCOUNTANTS:

Knights Lowe

Chartered Accountants

The Beeches

30 Bridge Street

Thetford

Norfolk

IP24 3AG

BANKERS:

Nat West Bank

1 High Street

Croydon

Surrey

CR9 1PD

FIXED ASSETS

Tangible assets

2

-

44,455

CURRENT ASSETS

Debtors

50,049

87,510

Cash at bank and in hand

11,235

42,050

61,284

129,560

CREDITORS

Amounts falling due within one year

3

47,630

58,002

NET CURRENT ASSETS

13,654

71,558

TOTAL ASSETS LESS CURRENT LIABILITIES

13,654

116,013

PROVISIONS FOR LIABILITIES

-

5,886

NET ASSETS

13,654

110,127

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

13,652

110,125

SHAREHOLDERS' FUNDS

13,654

110,127

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 August 2015 and were signed on its behalf by:

J M Howarth - Director

1.	ACCOUNTING POLICIES

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 the net sales of gym related services and membership fees, excluding value added tax.

Income from gym membership fees is recognised at the time of receipt from members which are paid monthly

or annually in advance.

Tangible fixed assets

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

Leasehold property improvements

-

25% on reducing balance

Gym Equipment

-

25% on reducing balance

Fixtures and fittings

-

15 - 20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

balance sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

89,898

Disposals

(89,898

)

At 31 December 2014

-

DEPRECIATION

At 1 January 2014

45,443

Eliminated on disposal

(45,443

)

At 31 December 2014

-

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

44,455

3.

CREDITORS

Creditors include an amount of £ 6,520 (2013 - £ 3,813 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

Shapers (License) Limited is regarded by the directors as being the company's ultimate parent company.

Shapers (License) Limited acquired the issued share capital on 14th March 2014.

6.	LOVE YOUR BODY 3 LIMITED

Group company.

No loans were paid to the company from Love Your Body 3 Limited during the year (2013: £3,000).

The company made repayments to Love Your Body 3 Limited totalling £2,846 (2013: £154) during the year.