Company registration number 9793368 (England and Wales)
Body Arts (Doncaster) Ltd
Unaudited
Financial Statements
for the year ended 30 September 2022
PAGES FOR FILING WITH REGISTRAR
Body Arts (Doncaster) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Body Arts (Doncaster) Ltd
Statement Of Financial Position
as at 30 September 2022
30 September 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,222
2,115
Current assets
Stocks
2,250
2,250
Debtors
33,863
27,046
Cash at bank and in hand
4,558
4,419
40,671
33,715
Creditors: amounts falling due within one year
(16,815)
(14,652)
Net current assets
23,856
19,063
Total assets less current liabilities
26,078
21,178
Creditors: amounts falling due after more than one year
(10,463)
(14,071)
Net assets
15,615
7,107
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
15,614
7,106
Total equity
15,615
7,107
Body Arts (Doncaster) Ltd
Statement Of Financial Position (continued)
as at 30 September 2022
30 September 2022
- 2 -
In accordance with section 444 of the Companies Act 2006, all
of
the members of the company have consented to the
preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 February 2023
S Sharratt
Director
Company Registration No. 9793368
Body Arts (Doncaster) Ltd
Notes to the Financial Statements
for the year ended 30 September 2022
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised on the supply of service to the customer.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life
of 5 years.
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% Reducing Balance
Stocks
Stock is recognised at cost less net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the
income statement
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Government grants
Government grants are recognised at the fair value of the asset receive
d
or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received
.
Body Arts (Doncaster) Ltd
Notes to the Financial Statements (continued)
for the year ended 30 September 2022
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2021 and 30 September 2022
10,000
Amortisation and impairment
At 1 October 2021 and 30 September 2022
10,000
Carrying amount
At 30 September 2022
At 30 September 2021
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 October 2021
3,660
Additions
636
At 30 September 2022
4,296
Depreciation and impairment
At 1 October 2021
1,545
Depreciation charged in the year
529
At 30 September 2022
2,074
Carrying amount
At 30 September 2022
2,222
At 30 September 2021
2,115
Body Arts (Doncaster) Ltd
Notes to the Financial Statements (continued)
for the year ended 30 September 2022
- 5 -
5
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary Shares of £1 each
1
1
6
Company Information
Body Arts (Doncaster) Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
29 Market Place, Doncaster, West Yorkshire, DN1 1NE.