The Pilates Space Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09763640 (England and Wales)

Financial Statements For The Year Ended 31st December 2022

for

The Pilates Space Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A M Horton

Ms B C Tilley

REGISTERED OFFICE:

4 Morland House

Susan Wood

Chislehurst

Kent

BR7 5NG

REGISTERED NUMBER:

09763640 (England and Wales)

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5BE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

11,208

15,057

11,208

15,057

CURRENT ASSETS

Debtors

6

2,000

2,000

Cash at bank

39,328

37,703

41,328

39,703

CREDITORS

Amounts falling due within one year

7

18,904

20,794

NET CURRENT ASSETS

22,424

18,909

TOTAL ASSETS LESS CURRENT LIABILITIES

33,632

33,966

CREDITORS

Amounts falling due after more than one year

8

4,980

6,991

NET ASSETS

28,652

26,975

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

28,552

26,875

SHAREHOLDERS' FUNDS

28,652

26,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st September 2023 and were signed on its behalf by:

Ms A M Horton - Director

1.	STATUTORY INFORMATION

The Pilates Space Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2022

and 31st December 2022

10,000

AMORTISATION

At 1st January 2022

and 31st December 2022

10,000

NET BOOK VALUE

At 31st December 2022

-

At 31st December 2021

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2022

31,043

Additions

2,950

At 31st December 2022

33,993

DEPRECIATION

At 1st January 2022

15,986

Charge for year

6,799

At 31st December 2022

22,785

NET BOOK VALUE

At 31st December 2022

11,208

At 31st December 2021

15,057

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

2,000

2,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

2,020

2,008

Taxation and social security

1,558

4,434

Other creditors

15,326

14,352

18,904

20,794

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

4,980

6,991