Burn Fitness (Cleethorpes) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04981545 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

BURN FITNESS (CLEETHORPES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Graves

J F Jackson

D Bowles

SECRETARY:

M A Graves

REGISTERED OFFICE:

Kings Road

Cleethorpes

North East Lincs

DN35 0AQ

REGISTERED NUMBER:

04981545 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

4

506,363

518,533

CURRENT ASSETS

Debtors

5

35,945

36,702

Cash at bank and in hand

4,045

167

39,990

36,869

CREDITORS

Amounts falling due within one year

6

497,723

454,192

NET CURRENT LIABILITIES

(457,733

)

(417,323

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,630

101,210

PROVISIONS FOR LIABILITIES

12,121

7,409

NET ASSETS

36,509

93,801

CAPITAL AND RESERVES

Called up share capital

287,667

287,667

Retained earnings

(251,158

)

(193,866

)

SHAREHOLDERS' FUNDS

36,509

93,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 11 January 2018 and were signed on its behalf by:

M A Graves - Director

1.	STATUTORY INFORMATION

Burn Fitness (Cleethorpes) 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Improvements to property

-

Straight line over 30 years

Plant and machinery

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 May 2016

691,808

210,095

901,903

Additions

-

37,503

37,503

Disposals

(13,763

)

-

(13,763

)

At 30 April 2017

678,045

247,598

925,643

DEPRECIATION

At 1 May 2016

217,083

166,287

383,370

Charge for year

20,754

15,156

35,910

At 30 April 2017

237,837

181,443

419,280

NET BOOK VALUE

At 30 April 2017

440,208

66,155

506,363

At 30 April 2016

474,725

43,808

518,533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,967

2,153

Other debtors

33,978

34,549

35,945

36,702

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

29,826

Trade creditors

103,541

99,790

Taxation and social security

6,475

6,332

Other creditors

387,707

318,244

497,723

454,192

7.	RELATED PARTY DISCLOSURES