Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueInvigorate Lifestyle Limited054624142015-03-314623043389463304348910010046330434894633043489454084220936619309968202773205131746789688536641692212809221280Basis of accounting
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
The turnover shown in the profit and loss account represents amounts receivable for goods and services provided during the year in the normal course of business, net of trade discounts, VAT and other sales and related taxes.
Income is recognised when the obligation to supply the training session is complete and the company is unequivocally entitled to the income.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-5 years straight line
Fixed Assets
All fixed assets are initially recorded at cost.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Plant & Machinerystraight line0.20001500001500001500001500008062806271406782358158062158062157140156782358Ordinary1000110001000Ordinary11001001002015-12-15K. Cullifordtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureInvigorate Lifestyle Limited2014-04-012015-03-31Invigorate Lifestyle Limited2013-04-012014-03-31Invigorate Lifestyle Limited2013-03-31Invigorate Lifestyle Limited2014-03-31Invigorate Lifestyle Limited2014-03-31Invigorate Lifestyle Limited2015-03-31 2015-12-15
