YOGA PARADISE LTD
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Notes to the Accounts |
for the year ended 31 July 2020
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1 |
Accounting policies |
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Basis of preparation |
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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).
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Turnover |
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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 after completion of providing the services.
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Tangible fixed assets |
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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:
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Computer & equipment |
20% straight line |
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2 |
Employees |
2020 |
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2019 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Computer & equipment |
£ |
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Cost |
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At 1 August 2019 |
2,500 |
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At 31 July 2020 |
2,500 |
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Depreciation |
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At 1 August 2019 |
1,200 |
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Charge for the year |
500 |
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At 31 July 2020 |
1,700 |
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Net book value |
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At 31 July 2020 |
800 |
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At 31 July 2019 |
1,300 |
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4 |
Debtors |
2020 |
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2019 |
£ |
£ |
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Trade debtors |
285 |
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120 |
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Other debtors - prepayment |
5,026 |
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72 |
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5,311 |
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192 |
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5 |
Creditors: amounts falling due within one year |
2020 |
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2019 |
£ |
£ |
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Corporation tax |
1,275 |
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1,274 |
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Other creditors |
13,169 |
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1,273 |
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14,444 |
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2,547 |
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6 |
Other information |
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YOGA PARADISE LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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63 Harlech Road |
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Abbots Langley |
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Hertfordshire |
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England |
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WD5 0BE |