Bodystyling Limited - Filleted accounts

Bodystyling Limited - Filleted accounts

BODYSTYLING LIMITED - Company Information

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Registered number
07775481
Bodystyling Limited
Filleted Accounts
30 September 2017
Bodystyling Limited
Registered number: 07775481
Balance Sheet
as at 30 September 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 289 330
Current assets
Debtors 3 - 4,896
Cash at bank and in hand 19,520 17,561
19,520 22,457
Creditors: amounts falling due within one year 4 (9,152) (13,346)
Net current assets 10,368 9,111
Net assets 10,657 9,441
Capital and reserves
Called up share capital 100 100
Profit and loss account 10,557 9,341
Shareholders' funds 10,657 9,441
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Eduard Baruta
Director
Approved by the board on 3 January 2018
Bodystyling Limited
Notes to the Accounts
for the year ended 30 September 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2016 1,005
At 30 September 2017 1,005
Depreciation
At 1 October 2016 675
Charge for the year 41
At 30 September 2017 716
Net book value
At 30 September 2017 289
At 30 September 2016 330
3 Debtors 2017 2016
£ £
Other debtors - 4,896
4 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 6,118 11,485
Director's account 261 288
Taxation and social security costs 73 73
Other creditors 2,700 1,500
9,152 13,346
5 Other information
Bodystyling Limited is a private company limited by shares and incorporated in England. Its registered office is:
92a Valetta Road
London
W3 7TW
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